Stock Market Today, Aug. 20: Webull Initially Surges 14%, Ends 2% Higher After Record Q2 Revenue and Earnings Beat
On Aug. 20, 2026, the digital brokerage posted $198.8 million in revenue with trading-related income up 66% year over year, fueling investor optimism.
Overview
Webull (NASDAQ:BULL), a digital brokerage and retail investing platform, closed at $8.85, up 2.43%. Thursday's gain followed stronger-than-expected Q2 results and fresh product news, while investors are watching trading activity and third-quarter trends. Trading volume reached 50.0M shares, coming in about 301% above its three-month average of 12.5M shares. Webull IPO'd in 2025 and has fallen 33% since going public.
The S&P 500 (SNPINDEX:^GSPC) fell 0.85% to 7,642, and the Nasdaq Composite (NASDAQINDEX:^IXIC) declined 1.00% to 26,067. Among online brokerage and digital investment platform rivals, Robinhood Markets (NASDAQ:HOOD) closed at $95.10, down 0.70%, while Interactive Brokers Group (NASDAQ:IBKR) finished at $89.85, down 0.76%.
Details
Wall Street's muted response to Webull's Q2 results probably sells how excellent the quarter was a bit short. Webull:
Source
Originally published at www.fool.com.