eToro reported strong user growth and profitability in the third quarter, with total accounts growing 17% to 3.76 million and net income up 48% to $57 million. Despite a 16.1% stock gain this week, eToro is down 40% for the year. The company is benefiting from the bull market and increased trading volumes. With a $150 million share repurchase program in place, eToro aims to boost EPS and take advantage of its cheap stock price. Investors are watching to see how eToro performs in a market downturn, but the company’s growth and profitability are driving positive long-term prospects.

Read more at Yahoo Finance: Why eToro Group Stock Shot Up 16.1% This Week