JPMorgan Chase & Co's (NYSE: JPM) plan to introduce fees for transactions involving cryptocurrencies and third-party services could significantly cripple the fintech industry, say experts.
Several payments and fintech stocks such as Affirm Holdings Inc. (NASDAQ: AFRM), PayPal Holdings Inc. (NASDAQ: PYPL) and Mastercard Inc. (NYSE: MA) are under pressure this week after JPMorgan Chase & Co. announced it will begin charging significant fees for access to customer bank account data.
Goldman Sachs says subprime consumers are stronger than expected, with falling delinquencies and steady spending. Eight stocks could benefit from this unexpected resilience.
AFFIRM HOLDINGS INC (NASDAQ:AFRM) shows strong earnings momentum and a bullish technical setup, making it a candidate for high-growth investors. The stock has solid EPS growth, positive revisions, and a favorable chart pattern.
FICO launches new credit scores incorporating BNPL data, providing lenders with better insight into borrowers' repayment behaviors and improving the lending experience. Affirm also recently raised $4 billion to scale BNPL loans.
Investors were glued to the lifting of the asset cap of Wells Fargo, an analyst’s report for Affirm, and a favorable government move in Texas for BlackRock.
While PayPal is a slower-growing player in the rapidly expanding Buy Now Pay Later space, two other stocks are challenging it, growing at exorbitant clips.
