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Business

“Fintech firm Klarna says 90% of its employees are using generative AI daily”

“… …” https://www.cnbc.com/2024/05/14/klarna-says-90percent-of-its-employees-are-using-generative-ai-daily.html AI is the future. Get ready for it.

Stocks

“This Magnificent Fintech Stock Is Down 30% This Year, but 1 Wall Street Analyst Sees It Going 72% Higher”

“…The average Wall Street consensus price target for SoFi stock is a more modest 29%, but John Hecht at Jefferies has a price target of $12 — 72% higher than today’s price. That was actually a price cut from $15. As… Continue Reading…

Business

“British fintech Wise reports 280% jump in profit as higher interest rates boost income”

“…Wise reported revenue of £498.2 million, up 25% year-on-year, in the half-year ended on Sept. 30, 2023. Including interest income, the company’s total income stood at £656 million for the period, up 58% year-on-year. Before tax, company profit came in… Continue Reading…

Stocks

“Wise shares spike 18% as higher interest rates help fintech triple profits”

“Online money transfer firm Wise’s shares soared nearly 18% Tuesday as the company reported a spike in profits thanks to rising interest income. The company said in a statement to the stock market that its profit before tax tripled to £146.5 million… Continue Reading…

Banking, Stocks

“Revolut, the $33 billion fintech player, is rolling out commission-free stock trading in the U.S.”

“Revolut, the global fintech player valued at $33 billion, will soon offer commission-free stock trading to U.S. customers for the first time, CNBC has learned. The start-up is set to announce Tuesday that it secured a U.S. broker-dealer license, enabling… Continue Reading…

Stocks

“Top Tech Penny Stocks for Q1 2021”

“Best Value Tech Penny Stocks These are the tech penny stocks with the lowest 12-month trailing price-to-sales (P/S) ratio. For young companies that have not reached profitability, this can provide an idea of how much business you’re getting for each dollar invested.… Continue Reading…