Category: Fintech
Explore all posts, stories, and insights related to the category "Fintech" on Recursive Gains. Stay informed with in-depth analysis and trends.
Q2 2026
- BFIN Q2 2026 Cost of Credit Was Cut Nearly in Half This Quarter - So Why Did New Bookings Keep Shrinking?Jul 30
- GOTO Q2 2026 GoTo's Profit Nearly Tripled and Adjusted EBITDA Topped Rp1 Trillion - So Why Did the Buyback Slow 60%?Jul 30
- GROWW Q2 2026 The Quarter a Wrong Answer on the Call Actually MatteredJul 30
- PAYTM Q2 2026 Paytm's Highest-Ever Quarterly Profit Comes Right as Its Government Subsidy Runs OutJul 30
Q1 2026
- MELI Q1 2026 Free Shipping Got Cut in Brazil - and Operating Margin Nearly HalvedMay 27
- SE Q1 2026 Sea's Revenue Grew 47%. Its Adjusted EBITDA Grew Just 9%May 26
- PAYTM Q1 2026 Paytm's First-Ever Profitable Fiscal Year Arrives With Its Own Bank in Wind-DownMay 21
- GROWW Q1 2026 The Quarter the Scoreboard Quietly ChangedMay 20
- BFIN Q1 2026 Profit Fell 12.6% While Revenue Grew - What's Actually Wrong Here?May 10
- GOTO Q1 2026 GoTo's Real Operating Income Hit a Record Rp418 Billion. Its Stock Fell 20% Anyway.May 08
- GRAB Q1 2026 Grab's Stock Fell 27% This Quarter - Its Best-Ever Q1 Says the Business Didn'tMay 05
Q4 2025
- BFIN Q4 2025 Book Value Just Fell Below Book - Is the Market Pricing in a Credit Crisis That Isn't in the Numbers?Jul 30
- SE Q4 2025 Sea Posted Its Best Profit Quarter Ever. Its Stock Fell 29% AnywayMar 16
- GOTO Q4 2025 GoTo Beat Its Full-Year Guidance. Its Real Operating Loss Tripled the Same Quarter.Mar 13
- MELI Q4 2025 Revenue Grew 39% This Year - So Why Did Net Income Barely Move?Mar 10
- ADYEN Q4 2025 The Take-Rate Reversal Held All Year — So Why Did the Stock Get Cheaper?Feb 24
- GRAB Q4 2025 Grab Just Posted Its First Full Year Of Profit - The Stock Fell 17% AnywayFeb 12
- PAYTM Q4 2025 Paytm Just Posted Its Biggest Profit Ever — Is the Loss Era Actually Over?Feb 10
- GROWW Q4 2025 The Quarter Where Profit Fell and the Business Didn'tFeb 03
Q3 2025
- SE Q3 2025 Sea Grew 38% and Stayed Silent on Its $86 Million Settlement for a Third Straight QuarterNov 21
- GROWW Q3 2025 The Quarter Where Profit Grew and the Business Didn'tNov 21
- MELI Q3 2025 A Brazilian Court Just Handed Down a $501 Million Tax Bill - Why Isn't It in the Headlines?Nov 14
- GOTO Q3 2025 GoTo Raised Its Guidance and Turned Cash Flow Positive. Its Real Operating Line Slipped Back Into a LossNov 06
- BFIN Q3 2025 Credit Quality Improved Every Which Way in Q3 - So Why Did Two of Three Segments' Profit Crater?Nov 06
- GRAB Q3 2025 Grab Raised Guidance Twice This Year - Then Went Quiet On Capital Returns AgainNov 04
- PAYTM Q3 2025 The Payment Aggregator License Is Finally Back - So Why Did Profit Crater 90%?Nov 04
Q2 2025
- SE Q2 2025 Sea Just Posted Its Best Quarter Ever. Its $86 Million Settlement Still Hasn't Come Up on a Call.Aug 25
- MELI Q2 2025 MELI's Stock Doubled in Two Years - So Why Did Net Income Just Fall?Aug 20
- ADYEN Q2 2025 Take Rate Finally Rose — But Is It a Real Reversal or Just One Customer Shrinking?Aug 19
- GOTO Q2 2025 Why Did GoTo's Stock Crash 30% in Its Best Quarter Yet?Aug 06
- BFIN Q2 2025 A 3-Year Treasury Overhang Just Got Cancelled - Right as Credit Quality Hit a Multi-Year HighAug 04
- GRAB Q2 2025 Grab Finished Its Buyback With Borrowed Money - Is That Capital Discipline?Jul 31
- PAYTM Q2 2025 Is the First-Ever Profitable Quarter Real, or Just a Weak Base Comparison?Jul 22
Q1 2025
- SE Q1 2025 Sea Had Its First Real Chance to Address an $86 Million Settlement. It Talked About a Rebrand Instead.May 27
- MELI Q1 2025 MELI's Credit Book Grew 75% - So Why Did Free Cash Flow Go Negative?May 19
- GOTO Q1 2025 Who Rewrites the Formula Behind Its Own First Profitable Year?May 08
- BFIN Q1 2025 Cost of Credit Just Erased a Year of Improvement - So Why Did Profit Still Rise 12%?May 06
- PAYTM Q1 2025 Did This Quarter Just Prove the Losses Were Never the Real Problem?May 06
- GRAB Q1 2025 Grab's Cash Flow Base Grew Again - So Why Did The Stock Fall?Apr 30
Q4 2024
- MELI Q4 2024 Net Income Nearly Doubled in 2024 - So Why Did the Company's Own Auditor Flag the Credit Book?Mar 25
- SE Q4 2024 Sea Cleared the Profitability Bar This Series Set Two Quarters Ago. Its Earnings Call Skipped the $86 Million Settlement.Mar 18
- GOTO Q4 2024 FinTech Hit Breakeven By Rp14 Billion. Is That a Real Turnaround?Mar 13
- GRAB Q4 2024 Grab's Stock Rallied 24% This Quarter - Its First Full Year Of Positive Cash Flow Didn't Keep UpFeb 20
- PAYTM Q4 2024 Did Paytm Just Trade Its Japanese Stake for a Year of Runway?Feb 15
- BFIN Q4 2024 Every Credit Metric Improved in Q4 - So Why Did One Segment Just Turn Negative?Feb 05
- ADYEN Q4 2024 Take Rate Fell for a Second Straight Year — Is This the New Normal?Feb 04
Q3 2024
- SE Q3 2024 Shopee Hit Its Promised Profitability Deadline. Did Sea's Own Numbers Finally Agree?Nov 25
- MELI Q3 2024 Why Did Operating Income Fall 29% While Revenue Grew 35%?Nov 25
- GRAB Q3 2024 A Full Trailing Year Of Positive Cash Flow Finally Exists - So Why Doesn't The Math Support The Price?Nov 11
- PAYTM Q3 2024 Is Paytm's First Profitable Quarter Actually Real?Nov 09
- GOTO Q3 2024 The Highest Adjusted EBITDA Ever Posted, and a Country Exit That Never Made It Into the FilingNov 04
- BFIN Q3 2024 Did the Four-Quarter Profit Slide Just End?Nov 04
Q2 2024
- MELI Q2 2024 Is Margin Being Traded for Market Share in Mexico?Sep 05
- SE Q2 2024 Sea Said All Three Businesses Got More Profitable. One of Them Didn't.Aug 27
- ADYEN Q2 2024 Volume Grew Almost Twice as Fast as Revenue This Half — Is the Take-Rate Flywheel Broken?Aug 20
- GRAB Q2 2024 A Second 'Positive' Free Cash Flow Quarter Still Adds Up To A Negative First HalfAug 15
- PAYTM Q2 2024 Can a Fintech Survive Losing Its Own Bank?Aug 09
- BFIN Q2 2024 Why Did Bookings Reverse the Same Quarter the Stock Fell 30%?Aug 05
- GOTO Q2 2024 GoTo Just Posted Its Best Growth Quarter Since the Turnaround. Its Stock Hit an All-Time Low AnywayJul 30
Q1 2024
- PAYTM Q1 2024 What Happens When a Fintech Loses Its Own Bank?Jun 14
- SE Q1 2024 Sea Called This an 'Improved Profit Profile.' The Quarter Posted a Net Loss.May 28
- MELI Q1 2024 Why Argentina's Revenue Fell 22% in a Quarter It Was Actually BoomingMay 24
- GRAB Q1 2024 Adjusted EBITDA Hit A Record High - So Why Did The Net Loss Come Back?May 15
- BFIN Q1 2024 Was Last Quarter's Recovery Real, or Just a One-Quarter Blip?May 03
- GOTO Q1 2024 GoTo's Numbers Just Got 9% Smaller and 63% Bigger, Depending on Which One You ReadApr 30
Q4 2023
- SE Q4 2023 Sea Booked Its First Full-Year Profit Ever. Its Most Mature E-commerce Market Just Went Negative Again.Mar 19
- BFIN Q4 2023 The Cyberattack Finally Got a Name - Everywhere Except the Audited NumbersMar 01
- MELI Q4 2023 A Decade-Old Tax Dispute Just Cut Quarterly Profit by More Than HalfFeb 27
- GRAB Q4 2023 A First-Ever Profitable Quarter Comes With A First-Ever Buyback - So Why Is Cash Flow Barely Positive?Feb 22
- PAYTM Q4 2023 The Festive-Season Quarter That Finally Cracked Rs. 200 Crore of EBITDAFeb 04
- GOTO Q4 2023 GoTo Hit Its Q4 Profit Target. Its Balance Sheet Just Took a Rp79 Trillion Hit to Get There.Jan 30
Q3 2023
- SE Q3 2023 Sea Ended Its Own Profit Streak — On PurposeNov 27
- PAYTM Q3 2023 Why Did a "Record" Growth Quarter Still Post a Loss?Nov 11
- GRAB Q3 2023 Grab Turned Adjusted EBITDA Positive For The First Time - Its 'Positive Free Cash Flow' Didn'tNov 09
- MELI Q3 2023 A Stock Buyback That Lost $386 Million to Argentina's Currency ControlsNov 06
- BFIN Q3 2023 The Profit Growth Streak Finally Breaks, and the Cyberattack Behind It Still Has No NameNov 03
- GOTO Q3 2023 The User Decline Just Stopped. Q4 Profitability Got Less Certain.Oct 26
Q2 2023
- SE Q2 2023 Sea Just Posted a Third Straight Profitable Quarter — Then Said It's Done Playing It SafeAug 29
- MELI Q2 2023 Every Country Segment Improved Margin Again - Is the Business Actually This Consistent?Aug 25
- GRAB Q2 2023 Grab's Breakeven Guidance Jumped $165 Million in One Quarter - Here's What's Actually Behind ItAug 23
- PAYTM Q2 2023 Paytm's Loss Widened Again the Moment the UPI Incentive DisappearedAug 15
- BFIN Q2 2023 A Cyberattack, a Near-Quadrupled Cost of Credit, and a Cure Rate Still Nowhere in SightAug 03
- GOTO Q2 2023 The New CEO Said Out Loud What Two Quarters of Earnings Calls Wouldn'tJul 27
Q1 2023
- MELI Q1 2023 Operating Income Jumped 144% - Is the Credit Book Finally Under Control, or Just Standing Still?Jun 05
- PAYTM Q1 2023 A Full Year of Profitability Guidance, Met - With a Year-End Incentive Doing Some of the WorkJun 01
- SE Q1 2023 Headline Profit Fell 79% Quarter-on-Quarter. The Real Number GrewMay 30
- GRAB Q1 2023 Revenue 'Grew' 130% - The Comparable Number Is 58%May 18
- BFIN Q1 2023 The Cost of Credit Tripled, and the Explanation Still Leaves a GapMay 04
- GOTO Q1 2023 Group Contribution Margin Turned Positive Exactly on Schedule. The User Base Kept Shrinking Anyway.Apr 27
Q4 2022
- SE Q4 2022 A First-Ever Profitable Quarter Came With $330 Million of Help That Won't RepeatMar 21
- GOTO Q4 2022 On-Demand Turned Profitable for a Full Quarter. The Balance Sheet Just Absorbed an Rp11 Trillion Hit for It.Mar 20
- MELI Q4 2022 Net Income Jumped 5.8x in a Year - But Is the Credit Book Growing Faster Than It Can Manage?Mar 10
- GRAB Q4 2022 Revenue Grew 310% - But a Tenth of It Was an Accounting ReclassificationFeb 23
- PAYTM Q4 2022 Paytm Says It Hit Profitability - So Why Is the Loss Still Rs 392 Crore?Feb 18
- BFIN Q4 2022 A Full Year of Filings Later, Two Numbers Are Still MissingFeb 06
Q3 2022
- SE Q3 2022 Management Finally Said the Number Out Loud — Right as Its Own Users Started LeavingNov 30
- MELI Q3 2022 Past-Due Loans Just Hit 37% of the Credit Portfolio - Three Quarters Running. Should Investors Worry?Nov 21
- GOTO Q3 2022 Real Cost Discipline, or a Net Revenue Number That Doesn't Add Up?Nov 21
- GRAB Q3 2022 Deliveries Broke Even Three Quarters Early - At What Cost to Growth?Nov 16
- PAYTM Q3 2022 The RBI Finally Responded on Paytm's Banking Associate - With No Timeline AttachedNov 07
- BFIN Q3 2022 Two Straight Quarters Without a Cure Rate - Does a Shrinking Restructured Book Still Mean What It Used To?Nov 03
Q2 2022
- GOTO Q2 2022 The Margins Improved Sequentially. The Real Segment Losses Didn't.Aug 30
- SE Q2 2022 A First-Ever Goodwill Writedown, a Suspended Guidance, and a Stock Down 80% From Its PeakAug 30
- GRAB Q2 2022 Revenue Beat GMV Growth for the First Time - But At What Cost?Aug 25
- MELI Q2 2022 The Stock Fell 66% From Its Peak This Quarter - The Business Grew Revenue 52% and Turned Its Best Q2 Profit EverAug 19
- PAYTM Q2 2022 Four Straight Quarters of Margin Gains, and a Loss That's Finally Shrinking TooAug 05
- BFIN Q2 2022 How a 5.3% Tender Offer Quietly Handed Trinugraha Majority ControlAug 03
Q1 2022
- GOTO Q1 2022 The first earnings call after Indonesia's biggest IPOMay 30
- SE Q1 2022 Bookings Turned Negative for the First Time Ever — And the Stock Fell 46% Right Alongside ItMay 30
- PAYTM Q1 2022 A 75% Stock Collapse, and the Quarter Paytm Finally Named a Breakeven DateMay 21
- MELI Q1 2022 It Turned Profitable Again - So Why Is Operating Cash Flow Still Negative $233 Million?May 19
- GRAB Q1 2022 Down 51% in a Quarter - Did the Business Get Worse, or Just the Stock?May 19
- BFIN Q1 2022 Only 5.3% Tendered - What a Failed Buyout Says About the Real PriceMay 05
Q4 2021
- MELI Q4 2021 Turned Profitable for the Year - But Q4 Alone Was a Net LossMar 21
- GRAB Q4 2021 A record debut quarter - with a DOJ investigation left out of the deckMar 03
- SE Q4 2021 Full-Year Adjusted EBITDA Turned Negative for the First Time Ever — Right as Its Own Guidance Points to a Shrinking GarenaMar 01
- BFIN Q4 2021 The Cure Rate Fell for a Third Straight Quarter - Then the Controlling Shareholder Made Its MoveFeb 08
- PAYTM Q4 2021 A Record Growth Quarter, and the Widest Loss Since Going PublicFeb 04
Q3 2021
- SE Q3 2021 Adjusted EBITDA Went Negative Again — This Time, It Wasn't an Accounting IllusionNov 30
- MELI Q3 2021 Both Brazilian Tax Defenses Just Lost Round One - Where's the Reserve?Nov 28
- PAYTM Q3 2021 A 592% Jump in Contribution Profit, and a Loss That Grew AnywayNov 27
- HOOD Q3 2021 Did Robinhood's Growth Story Peak the Quarter It Went Public?Nov 04
- BFIN Q3 2021 Bad Loans Improved This Quarter - So Why Does the Cure Rate Keep Falling?Oct 25
Q2 2021
- SE Q2 2021 Adjusted EBITDA Turned Negative Again. Here's the One Number That Explains WhyAug 30
- MELI Q2 2021 Why Did Operating Cash Flow Go Negative While Revenue Nearly Doubled?Aug 27
- HOOD Q2 2021 The Dogecoin Quarter, and the $87 Million Regulatory Tab Coming DueAug 20
- BFIN Q2 2021 Higher Write-Offs, Lower Bad-Loan Ratio - Is a Lender Curing Debt or Erasing It?Aug 06
Q1 2021
- SE Q1 2021 Four Straight Profitable Quarters, and This Time No Stock Sale Paid for ItMay 25
- MELI Q1 2021 Stockholders' Equity Just Went Negative - Should That Actually Worry You?May 20
- BFIN Q1 2021 Is a Rising Cure Rate Measuring Recovery, or Just an Expiry Date?May 05
Q4 2020
- BFIN Q4 2020 Is an 84% Cure Rate Finally Proof the Restructuring Actually Worked?Mar 15
- MELI Q4 2020 Revenue Nearly Doubled in 2020 - So Why Did the Company Barely Break Even?Mar 10
- SE Q4 2020 Group Adjusted EBITDA Went Positive for the Full Year. So Did Two Multi-Quarter MysteriesMar 02
Q3 2020
- SE Q3 2020 Group Adjusted EBITDA Hit $120 Million. So Did the Adjusted-Revenue Metric That Used to Track ItNov 17
- MELI Q3 2020 Revenue Doubled in the Pandemic - So Why Are Internal Controls Still Broken?Nov 16
- BFIN Q3 2020 Is Bad Debt Actually Falling, or Just Being Restructured Out of View?Nov 04
Q2 2020
- MELI Q2 2020 Every Segment Got More Profitable During Lockdown - Even Mexico, for the First Time EverAug 24
- SE Q2 2020 Sea Turned Adjusted EBITDA Positive for the First Time. The Stock Got There FirstAug 18
- BFIN Q2 2020 Why Did Profit Halve While the Cash Pile Nearly Doubled?Aug 05
Q1 2020
- MELI Q1 2020 Revenue Grew 37.6% in the First COVID Quarter - So Why Did Operating Cash Flow Go Negative?May 20
- SE Q1 2020 Sea's Losses Shrank During a Pandemic. Was That the Business or the Lockdowns?May 18
- BFIN Q1 2020 How Did a Lender's Quietest Quarter Coincide With a 57% Stock Crash?May 08
Q4 2019
- SE Q4 2019 The Question That's Chased Sea for Three Quarters Just Got an AnswerFeb 27
- MELI Q4 2019 Losses Widened Nearly 5x in 2019 - Was the Spending Actually Worth It?Feb 24
- BFIN Q4 2019 Was Closing a 20-Year-Old Lawsuit Worth Half a Year's Profit?Feb 19
Q3 2019
- SE Q3 2019 Sea's Path to Breakeven Got Longer. Its Payments Business Is Why.Nov 15
- MELI Q3 2019 A $146 Million Net Loss Just Landed - Is the Investment Cycle Working or Spiraling?Nov 15
- BFIN Q3 2019 Is the Profit Slide Finally Over?Nov 08
Q2 2019
- MELI Q2 2019 Investors Just Got Told It's Spending the $2 Billion - Should That Worry You?Aug 20
- SE Q2 2019 Sea's Adjusted EBITDA Loss Shrank to $11 Million. Its Net Loss Still Grew.Aug 20
- BFIN Q2 2019 The Election Ended, So Why Did New Financing Keep Falling?Aug 05
Q1 2019
- SE Q1 2019 Sea's Net Loss Tripled Because Its Stock Price RoseMay 22
- MELI Q1 2019 It Raised $2 Billion From PayPal and Wall Street - What Is It Actually Buying?May 17
- BFIN Q1 2019 Why Did Profit Fall for the First Time in This Backlog?May 06
Q4 2018
- BFIN Q4 2018 Is a Three-Year Funding Cadence Problem Finally Easing?Mar 11
- MELI Q4 2018 The First Full-Year Loss Since 2007 - What the Footnotes Say About WhyFeb 28
- SE Q4 2018 Its Equity Just Went Negative. Nobody Mentioned It.Feb 27
- ADYEN Q4 2018 The Stock Went Nowhere for Six Months — So Why Did Its Earnings Multiple Get Cut in Half?Feb 05
Q3 2018
- SE Q3 2018 Sea's Net Loss Finally Shrank. Its Equity Almost Disappeared.Nov 21
- MELI Q3 2018 It Raised Nearly $1 Billion in Debt - While Still Posting a Net LossNov 02
Q2 2018
- ADYEN Q2 2018 Priced at 144x Earnings Weeks After Listing — Do the Numbers Back It Up?Aug 27
- SE Q2 2018 Sea's Payments Volume Grew 608%. Then Sea Retired the Metric Measuring It.Aug 21
- MELI Q2 2018 It Just Booked Its First Net Loss in Years - Was It Worth It?Aug 09
Q1 2018
- MELI Q1 2018 It Spent $112 Million on Free Shipping in One Quarter - and Flipped Straight to a LossJun 14
- SE Q1 2018 Sea Raised Its 2018 Guidance — So Why Did Its Losses Triple?May 15
Q4 2017
- MELI Q4 2017 One Month of Venezuela Just Erased 90% of a Full Year's ProfitMar 20
- BFIN Q4 2017 Did Operating Cash Flow Really Get Worse in 2017, or Just Get Reclassified?Mar 12
- SE Q4 2017 Why Did Sea's Loss Triple the Same Quarter It Went Public?Feb 27
Q3 2017
- MELI Q3 2017 Revenue Is Up 61%, So Why Did Operating Margin Fall by Two-Thirds?Nov 24
- SE Q3 2017 73% Growth on the Cover, 4% in the GAAP LineNov 22
- BFIN Q3 2017 Is It Growing Faster Than It Can Fund Itself?Nov 02
Q2 2017
- MELI Q2 2017 Mexico's Direct Contribution Just Went to Negative 112% - Is This a Segment or a Sinkhole?Aug 18
- BFIN Q2 2017 Why Did Profit Jump 55% While Cash Flow Went Deeply Negative?Aug 03
Q1 2017
Q4 2016
- MELI Q4 2016 The Stock Is Already Above Its Own Anti-Dilution Ceiling - Does the Full-Year Number Justify It?Mar 08
- BFIN Q4 2016 Did a Write-Off Policy Change Just Erase Two Quarters of Rising Bad Debt?Mar 06
Q3 2016
- MELI Q3 2016 The Stock Doubled From January's Low - Does the Bull Case Still Clear It?Nov 20
- BFIN Q3 2016 Is the "Safer" Half of a Multifinance Company's Loan Book Quietly Getting Riskier?Nov 07
Q2 2016
- MELI Q2 2016 A Third Venezuela Impairment Landed - and Free Cash Flow Recovered AnywayAug 19
- BFIN Q2 2016 The Half-Year a Fast-Growing Lender Suddenly Stopped GrowingAug 03
Q1 2016
- MELI Q1 2016 Why Did Free Cash Flow Just Go Negative for the First Time?May 16
- XYZ Q1 2016 Did the Loss Really Double, or Is $50 Million of Litigation Hiding the Real Story?May 10
Q4 2015
- MELI Q4 2015 Every Segment's Margin Fell This Year - Mexico's Collapsed by 13.7 PointsMar 15
- XYZ Q4 2015 The Marquee Customer Relationship That Never Turned a ProfitMar 10
Q3 2015
- MELI Q3 2015 Profit Grew 35% This Quarter - A One-Time Tax Gain Did Almost All of ItNov 20
- BFIN Q3 2015 The Quarter a Consumer Lender Quietly Became an Equipment-Leasing CompanyNov 10
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
- MELI Q4 2013 Margins Recovered for the First Time All Year - So Why Did Free Cash Flow Collapse 77%?Feb 28
Q3 2013
- MELI Q3 2013 The Corporate-Cost Problem Got Worse, Not Better, and the Stock Rallied 25% AnywayNov 07
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
- MELI Q3 2011 Brazil's Margin Relapse Fully Reversed - So Why Did Unallocated Costs Grow Even Faster?Nov 04
Q2 2011
Q1 2011
- MELI Q1 2011 The Segments Recovered From Free Payments - So Why Did Operating Margin Fall Again?May 24
Q4 2010
Q3 2010
Q2 2010
Q1 2010
Q4 2009
Q3 2009
Q2 2009
Q1 2009
Q4 2008
Q3 2008
Q2 2008
Q1 2008
Q4 2007
Q3 2007
- MELI Q3 2007 A 44% Stock Swing Inside Its First Ten Weeks of Trading, and a 74x Jump in Net IncomeNov 14