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ST. PETERSBURG, Fla. - Webull Corporation (NASDAQ: BULL), the company behind the online investment platform Webull and currently valued at $5.06 billion, has announced the appointment of Walter Bishop as an independent director to its Board of Directors, effective yesterday. The company maintains strong profitability with an impressive 79.73% gross profit margin and trades at an attractive P/E ratio of 2.72. According to InvestingPro analysis, the stock is currently undervalued based on its Fair Value assessment. Bishop joins the board with a wealth of experience in the finance sector, having held high-level positions at major banks including Nordbanken U.S., Barclays, and Deutsche Bank. InvestingPro subscribers can access a comprehensive analysis of Webull’s leadership structure and governance metrics in the exclusive Pro Research Report, one of 1,400+ detailed company analyses available on the platform.
Bishop’s career in finance spans more than two decades, with key roles at Deutsche Bank from 1997 to 2019, where his responsibilities included U.S. Chief Operating Officer and Chairman of the Board and Audit Committee for DB Trust Company Delaware. Prior to that, he served as Chief Administrative Officer for Barclays Bank U.S. and Deputy General Manager and Chief Financial Officer for Nordbanken U.S., after starting as an audit manager at KPMG Peat Marwick.
The new board member also holds current positions in other notable financial organizations. He is the lead independent director and audit committee chairman of Syntec Optics Holdings, Inc. (Nasdaq: OPTX), and has previously served as a director and audit committee chairman for Highline Management Inc., and as a senior advisor to Thunder Bridge Capital Acquisition II.
Chairman of Webull’s Board of Directors, Anquan Wang, expressed confidence in Bishop’s ability to contribute valuable insights and perspectives to the company’s board. With the addition of Bishop, Webull’s Board of Directors now comprises six members, two of whom are independent, which the company believes will support its mission to deliver long-term value to shareholders.
Webull serves over 24 million registered users worldwide and offers a variety of investment services across North America, Asia Pacific, Europe, and Latin America. The platform provides access to global financial markets, allowing users to trade in stocks, ETFs, options, futures, and fractional shares. The company has demonstrated solid growth with revenue increasing by 11.41% over the last twelve months. With its next earnings report scheduled for June 25, 2025, InvestingPro offers additional insights through its extensive financial metrics and ProTips, helping investors make informed decisions ahead of important market events.
This appointment comes as part of Webull’s ongoing commitment to enhancing its governance structure and expertise. The information provided is based on a press release statement.
In other recent news, Webull Corporation reported a significant 32% year-over-year increase in total revenues for the first quarter of 2025, reaching $117.4 million. The company also achieved an adjusted operating profit of $28.7 million, marking a substantial improvement from the previous year. Despite these strong financial results, the stock experienced a decline in aftermarket trading, reflecting investor concerns over future growth prospects. Webull also announced the redemption of all its outstanding incentive warrants, which are exercisable at $10.00 per share, set for June 30, 2025. This decision follows the fulfillment of a condition in the Warrant Agreement as the average share price exceeded $18.00 for a specified period. Additionally, Webull added 800,000 new users, bringing its total to 24.1 million, and expanded its customer assets by 45% year-over-year to $12.6 billion. The company plans to continue its growth by expanding product offerings and market reach, including corporate bond trading and mutual funds support. Analyst firms have not provided any upgrades or downgrades in the recent coverage of Webull.
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