Trump Media Stock Jumps After Expansion Into Financial Services

Trump Media & Technology Group Stocks Surge on Financial Services Expansion

Trump Media & Technology Group (DJT) shares soared over 10% on Wednesday after announcing its expansion into financial services, including cryptocurrency funds and customized exchange-traded funds. The company plans to invest $250 million into the initiative, branded as Truth.Fi, which will be held in custody by Charles Schwab.

DJT boasts a market capitalization of around $7.2 billion, with President Trump holding a 53% stake worth approximately $3.8 billion. The expansion into financial services follows Trump's founding of Truth Social after his removal from major social media platforms.

Despite the expansion, Truth Social's fundamentals have raised concerns. In November, the company reported a Q3 net loss of $19.25 million on revenue of $1.01 million. Over the past six months, shares have gained a modest 5%, currently trading around $33.

Mortgage Rates Inch Lower amid Economic Data Lull

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Published on: February 20, 2025, 11:03 PM UTC

CTO posts Q4 FFO above Street view

CTO Realty Growth reports Q4 FFO of $0.49 per share, exceeding Wall Street expectations of $0.48. Annual FFO reaches $50.8 million, with revenue at $124.5 million. Company projects full-year FFO between $1.93 and $1.98 per share.

Published on: February 20, 2025, 10:08 PM UTC

Palantir Stock Plunges 10% as Negative News Emerges

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Published on: February 20, 2025, 02:02 PM UTC

Battle Between Drugmakers and Pharmacy Managers Rages in Washington as Trump's New Administration Takes Shape

The pharmaceutical industry and pharmacy benefit managers (PBMs) are at odds in Washington, D.C., as drug companies push for policies that would benefit patients at the expense of PBM profits. PBMs, such as CVS Caremark, defend their value in the healthcare system, while scrutiny from policymakers intensifies and new models for low-cost prescription access emerge.

Published on: February 20, 2025, 03:01 AM UTC

Capstone Copper Reports $45.9 Million Profit in Fourth Quarter

Capstone Copper Corp. (CSFFF) reported fourth-quarter profit of $45.9 million, or 6 cents per share. Adjusted earnings were 4 cents per share. Revenue totaled $446.9 million. For the year, the company reported profit of $82.9 million, or 11 cents per share, on revenue of $1.6 billion.

Published on: February 19, 2025, 11:05 PM UTC

Trump Media Stock Jumps After Expansion Into Financial Services

Related Posts

Mortgage Rates Inch Lower amid Economic Data Lull

CTO posts Q4 FFO above Street view

Palantir Stock Plunges 10% as Negative News Emerges

Battle Between Drugmakers and Pharmacy Managers Rages in Washington as Trump's New Administration Takes Shape

Capstone Copper Reports $45.9 Million Profit in Fourth Quarter

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