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analysts warning that ‌valuations in high-growth names appear stretched.Equities hit record highs in the quarter as steady earnings, softer inflation expectations and optimism around the AI boom encouraged investors ‌to move back into riskier assets. Gold has also continued its surge as the hottest asset on the commodities front."We have seen the gold craze hitting our customers in October, with gold reaching an all-time high," eToro CEO Yoni Assia told Reuters in an interview. "We've seen a lot of rebalancing of portfolios across both U.⁠S. and European equities. I think ‌we did see some sort of shaving off the top of some tech stocks in eToro."The company's net contribution, which deducts the cost of revenue from crypto assets and margin ‍interest expense, jumped 28% from a year earlier to $215 million.Newer fintech platforms have eroded the dominance of Wall Street incumbents in recent years, luring younger, tech-savvy investors with low fees, slick mobile apps and access to a wider asset range.EToro posted ​adjusted profit of 60 cents per share in the three months ended September 30. Analysts had expected 56 cents per ‌share, according to an average estimate compiled by LSEG.It also announced a share repurchase program of up to $150 million.GROWTH PLANS AND COMPETITION"We're hungry and we have a large checkbook," Assia said on eToro's appetite for acquisitions. "I'm sure we'll find the right targets to add value to our customers."The financial technology company's assets under administration grew by 76% year-on-year to $20.8 billion.A combination of accessible trading apps, volatile ⁠price moves and a steady flow of market news has persistently supported strong ​retail participation, helping these platforms maintain growth.Prediction markets are also gaining ground ​with retail traders. EToro said it plans to launch in the space in late 2026.The industry remains highly competitive, with neo-brokerages such as eToro and Robinhood seeking to win customers from Wall Street ‍heavyweights such as Charles Schwab and ⁠Morgan Stanley's E*Trade.In September, Robinhood launched a social investing platform, which lets users follow traders, view real-time trades, track live performance and discuss strategies, among other features.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,846.61 +14.18 (+0.21%)Dow 3047,927.96 +559.33 (+1.18%)Nasdaq23,468.30 -58.87 (-0.25%)Russell 20002,459.64 +4.00 (+0.16%)VIX17.30 -0.30 (-1.71%)Gold4,137.40 +15.40 (+0.37%)PortfolioSign in to access your portfolioSign inTop gainersEWTX Edgewise Therapeutics, Inc. 21.48 +3.20 (+17.51%)LB LandBridge Company LLC 85.50 +10.50 (+13.99%)DNLI Denali Therapeutics Inc. 17.58 +1.98 (+12.69%)APGE Apogee Therapeutics, Inc. 62.95 +6.18 (+10.89%)CWAN Clearwater Analytics Holdings, Inc. 18.42 +1.73 (+10.37%)Top losersLIF Life360, Inc. 72.79 -20.51 (-21.98%)CRWV CoreWeave, Inc. 88.39 -17.22 (-16.31%)BTDR Bitdeer Technologies Group 15.02 -2.63 (-14.90%)CENX Century Aluminum Company 27.88 -4.43 (-13.71%)WULF TeraWulf Inc. 12.37 -1.93 (-13.50%)Most activeOPEN Opendoor Technologies Inc. 8.48 +0.51 (+6.40%)PLUG Plug Power Inc. 2.5300 -0.0300 (-1.17%)NVDA NVIDIA Corporation 193.16 -5.89 (-2.96%)BBAI BigBear.ai Holdings, Inc. 6.07 +0.36 (+6.22%)PFE Pfizer Inc. 25.51 +1.11 (+4.57%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersCRWV CoreWeave, Inc. 88.39 -17.22 (-16.31%)BTC-USD Bitcoin USD 102,868.62 -3,015.54 (-2.85%)NBIS Nebius Group N.V. 102.22 -7.73 (-7.03%)FDX FedEx Corporation 267.55 +13.66 (+5.38%)NVO Novo Nordisk A/S 49.16 +3.22 (+7.00%)Top economic events