Stripe's growth is outpacing competitors, processing $1.4 trillion in volume last year, thanks in part to its role as the payment backbone for AI companies and focus on stablecoins.
Fidelity National Information Services shares fell after reporting Q4 results, with revenue of $2.599 billion (+3% Y/Y) missing consensus of $2.63 billion. Adjusted EPS of $1.40 (+49% Y/Y) beat street view of $1.36. Company plans $1.2 billion in share buybacks and increased dividend.
CEO René Lacerte said the company delivered strong financial results but investors did not take kindly to the revenue growth slowdown and a light forward
organ Stanley analysts said that improving small business spending, early execution against the strategy, and an "undemanding" valuation create an attractive entry point for Bill Holdings stock.
Millions of Americans may see credit rating drops as Biden's moratorium on reporting late student loan payments ends, affecting loan approvals and rentals.
Guidewire Software, reported strong Q4 results, with total revenue up 8% and adjusted EPS exceeding estimates. They project continued growth for Q1 and FY25.
PayPal and Fiserv expand partnership to simplify integration of PayPal services for merchants, with direct link to Fastlane and potential for higher conversions and faster checkout times.
TipRanks, a popular AI-based stock tip evaluator, has been acquired by Prytek for $200 million. Prytek will hold an 80% stake while TipRanks plans to expand its offerings in Canada and Europe.
PayPal stock price has underperformed the broader market this year as its troubles have continued. It has dropped by over 5% this year while the Global X Fintech ETF has risen by almost 2% while the ARK Fintech Innovation ETF has barely moved.
Intuit shares dropped after announcing a reorganization plan to reallocate resources. The plan includes laying off 1,800 employees, closing Boise and Edmonton sites, and hiring new staff in fiscal 2025. Estimated charges are between $250 million and $260 million.
Affirm Holdings Inc (NASDAQAFRM) announced a cybersecurity incident at Evolve Bank and Trust resulted in compromised personal information of card users. The breach did not affect Affirm's systems and the company is investigating. Analysts note strong growth and valuation. AFRM stock gained 85% in the last 12 months.
The analyst maintains a Neutral rating on PayPal due to competitive challenges from new services like Tap to Cash and tokenization plans from Apple and Mastercard. Despite sensible moves by PayPal's leadership, the complex competitive landscape may limit its growth and stock performance.
Affirm Holdings, Inc announced new payment options, Pay in 2 and Pay in 30, for its app users. These options offer flexibility and cater to consumer budget preferences, leading to increased cart conversion and partnerships with companies such as Alterra Mountain Company. AFRM stock has gained 93% in the last year.
PayPal (PYPL) reported Q1 revenue of $7.7B, beating estimates. Total payment volumes increased 14% and operating margin expanded. Q2 and FY24 outlook positive.
