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.
Affirm secures $4B investment from Sixth Street for loans, representing its largest capital commitment yet. Fintech sector booming, with top winners Kaspi, Affirm, and Shopify.
American Express expands Formula 1 sponsorship globally, enhancing fan experiences and hosting business clients. AXP also becomes sole owner of Swisscard.
Last Friday's break out of a well-defined short-term consolidation was followed by a nice-looking push to new highs. This is a bullish indicator. When the stock market is generating so few new lows, it favors owning stocks for price appreciation.
Discover Financial Services reported strong Q2 earnings, beating estimates and progressing independently. Pending merger with Capital One may further drive performance.
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.
American Express Co. (NYSEAXP) outperformed in fiscal Q1 2024, with revenues up 11% to $15.80 billion, thanks to higher net interest income and increased Card Member spending. EPS at $3.33 exceeded expectations, highlighting robust spending growth and strategic fee-based product offerings, drawing significant interest from younger consumers.
