RATE Group | Can Fidelity Investments Post Record Profits with Bitcoin, Crypto?
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Can Fidelity Investments Post Record Profits with Bitcoin, Crypto?

05 Mar Can Fidelity Investments Post Record Profits with Bitcoin, Crypto?

Posted at 02:15h in Bitcoin News by

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Fidelity investments just announced that they made record profits in 2019. Can they do the same with their bitcoin and crypto investment arm?

Fidelity Continues to Thrive and Adapt to an Ever-Changing Market

Fidelity Investments just posted record profits for 2019. They had a 9.5% rise in operating income which brought the total to $6.9 billion. Fidelity’s revenue rose 2% to reach $20.9 billion, and they were also able to increase their Assets Under Management (AUM) to $3.2 trillion, up almost a trillion from the previous year.

While many brokerages have been negatively affected by investors’ demand for low fees and low-cost investment opportunities, Fidelity has diversified their business model to thrive in this kind of environment.

fidelity investments

fidelity investments

Fidelity grew its client base in retail, retirement, and institutional investments, including employee stock plans, 401(K), and health-care savings accounts. Fidelity has also been a leader in traditional finance when it comes…

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