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| Meta Title | Robinhood exec. says retail investors are feeling 'cautious' |
| Meta Description | Robinhood (HOOD) chief brokerage officer Steve Quirk joins Asking for a Trend to talk about how retail investors are trading, the company's stock appreciation, and Robinhood's competitive advantage. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend. |
| Meta Canonical | null |
| Boilerpipe Text | Robinhood (
HOOD
) chief brokerage officer Steve Quirk joins Asking for a Trend to talk about how retail investors are trading, the company's stock appreciation, and Robinhood's competitive advantage.
To watch more expert insights and analysis on the latest market action, check out more
Asking for a Trend
.
00:00
Speaker A
Overall, Steve, just more broadly, I'm just curious, um, how you would characterize what you're seeing from your customer customers right now, what you're seeing just with overall equity volumes and options volumes.
00:12
Steve
Yeah, our equity volumes, option volumes and deposits because they're all kind of telling on, you know, what sentiment is. I would call them a little bit cautious right now. And what I mean by that is, um, we have we have we've been having record options and equity volumes. Um, we're close to record highs in terms of volumes and deposits, but um,
00:33
Steve
we're seeing some behavior where we're, you know, the most popular names, the Mag 7 if you will. Um, people are rotating out of some of those because they've had such good appreciation. And we kind of had a historic shift which, you know, for five years, uh, um, Tesla has been the number one holding for Robin Hood and uh that just got surpassed by Nvidia. So, for us, that's, you know, that's that's interesting.
00:56
Speaker A
What about your stock, Steve? I have to ask you about this. I mean, Yeah. you're up, I mean, we said 200% this year. You pulled the chart back up, Steve. You're up more than 500% now over the past 12 months. What do you make of that, Steve?
01:14
Steve
Uh, you know what I would say is like, uh, we've been we've been working very hard. Um, the whole team has to, you know, build out the offering. and, you know, we're expanding both in our crypto offering and in our traditional finance offering, um, to include some wealth management, um, instruments for for customers as well, not just self-directed.
01:36
Steve
And uh, I think you're starting to see that pay dividends. That along with the retirement offering and some of our yield products are really uh, uh attracting a lot more customers and having them bring more of their wealth into Robin Hood.
01:52
Speaker A
And what would you say, Steve, just a final question. I'm curious. I mean, listen, it's a competitive market you're in. I mean, what would be Yeah. your kind of core advantages as you take on the established kind of entrenched rivals?
02:12
Steve
You know, I think we we move pretty quick. um, and um, we, you know, we are truly a technology firm that is in financial services. So we run a lean model, but we also can move very quickly. So when new things come like the election contracts that we rolled out, you know, as soon as those became permissible, two weeks later, we had them out the door. Um, I don't think you're seeing that from our competitors and I don't think you're going to see that from our competitors and so I would say that's probably our biggest advantage.
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# Robinhood exec. says retail investors are feeling 'cautious'
[Yahoo Finance Video](https://finance.yahoo.com/author/yahoo-finance-video) AND [Josh Lipton](https://finance.yahoo.com/author/josh-lipton)
September 10, 2025
IN\_THIS\_VIDEO:
Robinhood ([HOOD](https://finance.yahoo.com/quote/HOOD)) chief brokerage officer Steve Quirk joins Asking for a Trend to talk about how retail investors are trading, the company's stock appreciation, and Robinhood's competitive advantage.
To watch more expert insights and analysis on the latest market action, check out more [Asking for a Trend](https://finance.yahoo.com/videos/series/asking-for-a-trend/).
VIDEO\_TRANSCRIPT
00:00 Speaker A
Overall, Steve, just more broadly, I'm just curious, um, how you would characterize what you're seeing from your customer customers right now, what you're seeing just with overall equity volumes and options volumes.
00:12 Steve
Yeah, our equity volumes, option volumes and deposits because they're all kind of telling on, you know, what sentiment is. I would call them a little bit cautious right now. And what I mean by that is, um, we have we have we've been having record options and equity volumes. Um, we're close to record highs in terms of volumes and deposits, but um,
00:33 Steve
we're seeing some behavior where we're, you know, the most popular names, the Mag 7 if you will. Um, people are rotating out of some of those because they've had such good appreciation. And we kind of had a historic shift which, you know, for five years, uh, um, Tesla has been the number one holding for Robin Hood and uh that just got surpassed by Nvidia. So, for us, that's, you know, that's that's interesting.
00:56 Speaker A
What about your stock, Steve? I have to ask you about this. I mean, Yeah. you're up, I mean, we said 200% this year. You pulled the chart back up, Steve. You're up more than 500% now over the past 12 months. What do you make of that, Steve?
01:14 Steve
Uh, you know what I would say is like, uh, we've been we've been working very hard. Um, the whole team has to, you know, build out the offering. and, you know, we're expanding both in our crypto offering and in our traditional finance offering, um, to include some wealth management, um, instruments for for customers as well, not just self-directed.
01:36 Steve
And uh, I think you're starting to see that pay dividends. That along with the retirement offering and some of our yield products are really uh, uh attracting a lot more customers and having them bring more of their wealth into Robin Hood.
01:52 Speaker A
And what would you say, Steve, just a final question. I'm curious. I mean, listen, it's a competitive market you're in. I mean, what would be Yeah. your kind of core advantages as you take on the established kind of entrenched rivals?
02:12 Steve
You know, I think we we move pretty quick. um, and um, we, you know, we are truly a technology firm that is in financial services. So we run a lean model, but we also can move very quickly. So when new things come like the election contracts that we rolled out, you know, as soon as those became permissible, two weeks later, we had them out the door. Um, I don't think you're seeing that from our competitors and I don't think you're going to see that from our competitors and so I would say that's probably our biggest advantage.
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| Readable Markdown | Robinhood ([HOOD](https://finance.yahoo.com/quote/HOOD)) chief brokerage officer Steve Quirk joins Asking for a Trend to talk about how retail investors are trading, the company's stock appreciation, and Robinhood's competitive advantage.
To watch more expert insights and analysis on the latest market action, check out more [Asking for a Trend](https://finance.yahoo.com/videos/series/asking-for-a-trend/).
00:00 Speaker A
Overall, Steve, just more broadly, I'm just curious, um, how you would characterize what you're seeing from your customer customers right now, what you're seeing just with overall equity volumes and options volumes.
00:12 Steve
Yeah, our equity volumes, option volumes and deposits because they're all kind of telling on, you know, what sentiment is. I would call them a little bit cautious right now. And what I mean by that is, um, we have we have we've been having record options and equity volumes. Um, we're close to record highs in terms of volumes and deposits, but um,
00:33 Steve
we're seeing some behavior where we're, you know, the most popular names, the Mag 7 if you will. Um, people are rotating out of some of those because they've had such good appreciation. And we kind of had a historic shift which, you know, for five years, uh, um, Tesla has been the number one holding for Robin Hood and uh that just got surpassed by Nvidia. So, for us, that's, you know, that's that's interesting.
00:56 Speaker A
What about your stock, Steve? I have to ask you about this. I mean, Yeah. you're up, I mean, we said 200% this year. You pulled the chart back up, Steve. You're up more than 500% now over the past 12 months. What do you make of that, Steve?
01:14 Steve
Uh, you know what I would say is like, uh, we've been we've been working very hard. Um, the whole team has to, you know, build out the offering. and, you know, we're expanding both in our crypto offering and in our traditional finance offering, um, to include some wealth management, um, instruments for for customers as well, not just self-directed.
01:36 Steve
And uh, I think you're starting to see that pay dividends. That along with the retirement offering and some of our yield products are really uh, uh attracting a lot more customers and having them bring more of their wealth into Robin Hood.
01:52 Speaker A
And what would you say, Steve, just a final question. I'm curious. I mean, listen, it's a competitive market you're in. I mean, what would be Yeah. your kind of core advantages as you take on the established kind of entrenched rivals?
02:12 Steve
You know, I think we we move pretty quick. um, and um, we, you know, we are truly a technology firm that is in financial services. So we run a lean model, but we also can move very quickly. So when new things come like the election contracts that we rolled out, you know, as soon as those became permissible, two weeks later, we had them out the door. Um, I don't think you're seeing that from our competitors and I don't think you're going to see that from our competitors and so I would say that's probably our biggest advantage. |
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