If you heard the name Upstart (NASDAQ:UPST), you probably wouldn’t realize which industry it operates in. Upstart is a company that utilizes artificial intelligence and machine learning to disrupt the personal loan and financial services industry. The company was founded back in 2012 by some ex-members of management from Google, and went public on the …
Upstart Stock Forecast: Can UPST stock bounce back in 2021? Read More »
In the third quarter, SoFi (NASDAQ:SOFI) outperformed Wallstreet’s expectations beating revenue estimates out of the park. The revenue growth comes as the mobile-first financial industry continues to flourish in the new era of digitalisation. In the third quarter SoFi generated $272 Million in net revenues, an improvement of 35% year-on-year. The Fin-Tech saw record revenue …
SoFi continues to impress after record breaking Q3 earnings Read More »
Nio Stock (NYSE:NIO) is once again gaining momentum on Wallstreet after a 3 month downtrend, with Nio shares gaining 18.03 percent over the past month. The swing in investor sentiment has been driven by multiple catalysts, including a boosted price target from Deutsche Bank analyst Edison Yu. The boosted valuation came as a surprise to …
Deutsche Bank boosts Nio Stock price target suggesting 65% upside Read More »
Paysafe (NYSE:PSFE) released their second quarterly earnings this morning, reporting strong revenue growth which beat analyst expectations. The company recorded revenue of $384.3 million which grew 13% year-on-year. In the earnings presentation, Paysafe highlighted “exciting wins” across the iGaming and specialized digital commerce segment as they look to capitalize on the expanding North America market. PaySafe …
Paysafe Q2 earnings: Here’s 3 things investors should know Read More »
Square Inc. (NYSE:SQ) has made waves on Wallstreet after announcing a $29 Billion acquisition with Australian Buy-Now-Pay-Later company Afterpay. The all-share acquisition will enable Square to effectively” accelerate Square’s strategic priorities for its Seller and Cash App ecosystems”. Square aims to integrate AfterPay services to their Cash app. The Cash app currently has over 40 …
Paysafe (NYSE:PSFE) recently completed a reverse merger with SPAC company Foley Trasimene Acquisition Corp II. The combined company debuted on the NYSE on the 31st March. Since then, the stock has been trading relatively flat, only up 2% since listing. Paysafe offers payment solutions and merchant services similar to that offered by Square or Stripe …
Paysafe stock forecast (NYSE:PSFE) – is there an upside for investors? Read More »
Gores Holdings IV Inc (NASDAQ: GHIV) is set to close in on its merger with United Wholesale Mortgage. The merger marks an exciting new chapter for the mortgage lender, as it will list on the NASDAQ under the ticker UWMC. Shareholders of Gores Holding stock voted yesterday to seal the merger, which is the final …
Here’s what you need to know about the GHIV merger Read More »
Bank of America (NYSE: BAC), like most Banks, is laying the groundwork for a 2021 recovery. Buffett still stands firm by the company, but hedge funds are beginning to exit. Who is right? The future looks bleak for the coming months, but the long-term future is bright. (opinion not advice) This article looks to breakdown …
Bank of America stock forecast 2021 – bullish or bearish? Read More »
Credit Suisse announced it’s intention to delist the popular Exchange Traded Note VelocityShares Daily 2x VIX (TVIX) linked to the S&P 500 VIX Short-Term Futures. Alongside 8 other publicly listed ETN’s, TVIX will no longer be traded on the NASDAQ effective of July 12th while issuances suspended on the 3rd of July.
Written by Sergeo Domtchenko To say that the financial sector is going through a “rough patch” is an understatement. Profit plunges, dividend cuts, frozen loan repayments, and suspended executive pay increases have been the fallout of the COVID-19 pandemic. Since the market highs recorded on February 20, the S&P 500 Financial Index fell by over …