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Many fintech stocks stumbled in 2022 and 2023 as inflation and rising interest rates curbed consumer spending, cooled the stock and crypto markets, and drove investors toward more conservative ...
Image source: Getty Images. 1. Robinhood Markets. Robinhood's stock has plunged more than 70% from its all-time high and currently trades nearly 50% below its initial public offering (IPO) price.
According to a report from Boston Consulting Group and QED Investors, it could be worth $1.5 trillion by 2030 -- up from $245 billion in 2021. The fintech space is becoming increasingly ...
The stock trades at about $7.60, so a $500 investment could get investors about 66 shares. Like Nu, SoFi doesn't operate any brick-and-mortar bank branches. Instead, it relies on its mobile app to ...
The stock market was having a generally strong day on Wednesday, with the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) up by 1.7% and 2.3%, respectively, as of 10:30 a.m. ET ...
Many fintech stocks soared in 2020 and 2021 as pandemic-driven digital transactions, stimulus checks, and low interest rates generated strong tailwinds for the sector. But in 2022 and 2023, a lot ...
Fintech, the broad term for financial technology, is expanding quickly as companies continue to merge their financial products with the latest tech innovations. Let's take a closer look at why ...
The company's stock has a price-to-earnings ratio of 33 right now, which isn't exactly inexpensive. But compared to the S&P 500 's P/E ratio of 30.9 and fellow fintech SoFi Technologies ' earnings ...