The Latest Breaking News from Financial Services

Financial services company SoFi Technologies (SOFI) recorded impressive growth across its business segments. However, the company’s losses widened, and analysts seem bearish about its earnings growth prospects due to its bleak fundamentals and the potential recessionary pressures. Thus, is it wise to buy this under $5 fintech stock? Read more…

The broader macroeconomic headwinds have dampened the growth of the financial services industry this year. While fundamentally weak financial services stocks SoFi Technologies (SOFI) and Exela Technologies (XELA) are expected to remain under pressure, continued technological advancements should help Forrester Research (FORR) stay resilient. Keep reading….

WASHINGTON — Texas Rep. Kevin Brady, a former chairman of the Ways and Means panel, enjoys something of a standing invitation on K Street.

Some former House and Senate members will be in demand from K Street firms, but not all, lobbyists and headhunters say.

Democrats said Rep. Patrick T. McHenry, R-N.C., expected Financial Services Committee chair, has sought to find bipartisan consensus.

The Federal Reserve recently approved a 75-basis-point rate hike for the fourth straight meeting, paving the way for interest rates to reach 5% by March 2023. With increasing borrowing costs and softening demand hurting high-debt businesses, it is likely to be a treacherous terrain for fundamentally weak stocks. Thus, it…

While the pandemic brought massive growth opportunities for the fintech industry as digital transactions skyrocketed, the current uncertain macroeconomic environment has dampened the industry’s prospects. The stock market is expected to remain under pressure amid growing fears of recession. Therefore, it could be wise for investors to avoid fundamentally weak…

Financial services providers usually benefit from a rising interest rate environment due to the positive correlation of their revenues with interest rates. However, financial services stocks SoFi Technologies (SOFI), Upstart Holdings (UPST), and Marathon Digital (MARA) are not well-positioned to capitalize on the current interest rate environment. One should avoid…

Interest rate increases and consequent market volatility look all set to persist in light of the better-than-expected September employment figures. Since the outlook seems bleak for fundamentally weak stocks SoFi Technologies (SOFI) and Cassava Sciences (SAVA), one may consider selling them short. Continue reading….

Financial services provider SoFi Technologies (SOFI) has lost more than 65% this year. Given its bleak fundamentals, the stock could get pushed even lower this quarter. Hence, it might be best avoided now. Read on….

Financial services providers usually benefit from a rising interest rate environment due to the positive correlation of their revenues with interest rates. However, financial services stocks SoFi Technologies (SOFI), Marathon Digital (MARA), and BitNile (NILE) are not well-positioned to capitalize on the current rate environment. One should avoid these stocks…