|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||22.03 - 22.38|
|52 Week Range||14.53 - 22.38|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.68%|
BMO Capital Markets' Paulo Ribeiro checks in on the fitech and payments sector, writing that while he's raised his price targets on both MasterCard (MA) and Visa (V), he now prefers the former, due to a stronger growth profile and greater earnings visibility in 2018. Ribeiro cites MasterCard's most recent investor day, when it highlighted the $180 trillion total addressable market of new payment flows, including business to business, person to person, and business to consumer.
Fintech company Varo Money has released new data that shows some 250 million Americans are happy to use artificial intelligence to improve their financial lives. According to Varo’s data, 79% of Americans and 85% of millennials agree that AI could help them better manage their finances. The fact that AI is available 24/7 is the major draw, but they also cite other benefits they see AI providing, including help calculating and implementing a savings plan, better visibility into their spending patterns, and providing unbiased advice.
Last week at its investor day, MasterCard (MA) placed significant emphasis on future expansion in ‘faster payments,' an area that Guggenheim's Jeff Cantwell thinks investors would do well to watch. As Cantwell writes, faster payments centers on the idea of improving payment efficiency on the back end so that funds are cleared and settled at near-instantaneous speeds.
Earlier this week, Square (SQ) told The Wall Street Journal that it wants to get into banking, with the fintech firm applying to form a wholly owned bank based in Utah. The industrial loan charter would allow Square's new unit, Square Financial Services Inc., to offer loans and deposit accounts to small businesses. The move isn't wholly surprising, as other fintech firms have also gone after a banking license, most recently online lender Social Finance Inc. and mobile-banking startup Varo Money Inc. Moody's Senior Vice President Warren Kornfeld writes that we've seen this pattern before in the financial sector: Square’s move into banking is similar to what we’ve seen in previous cycles with monoline finance companies. We expect a number of the more successful current generation FinTechs to obtain a banking license similar to CapOne's transformation during the 2000’s or be acquired by banks such as Bank of America’s (BAC) 2006 acquisition of MBNA.
Credit Suisse’s Paul Condra and Mrinalini Bhutoria take a look at the fintech payments sector today, writing that they’re still bullish on the group. After the second-quarter earnings season, the fintech ...
Two important areas of the latest tech revolution in the worlds of the Internet of Things and FinTech. This podcast takes a look at both areas and what you need to know before investing in either one of them. So, check out this edition of the Dutram Report for more info!
PayPal shares surge after reporting Q1 earnings. These ETFs can be helpful for investors who want to ride PayPal's strong results.
Investors are hearing more and more about the financial technology, investment craze. The fintech phenomenon is one that has been recognized within the world of exchange traded funds, as highlighted by ...