There's Big News for Fintech Stocks, and These 4 Could See a Significant Upside
In today's video, I look at four fintech stocks that could benefit from the movement of digital banking. In early April, JPMorgan Chase (NYSE: JPM) sent out its annual shareholder letter. In this letter the CEO mentioned that the company is "facing extensive competition from Silicon Valley, both in the form of fintechs and Big Tech companies." Having a big bank admit that the threat from fintech companies is real pushed some of those stock prices up. Here are four stocks that could keep the momentum going in the upcoming years.
The first stock is Paypal (NASDAQ: PYPL). Paypal was allowed to give out PPP loans earlier this year, which established it as a strong contender in this fintech market.
The second stock is Square (NYSE: SQ), mainly known for its POS platform but expanding to digital banking. Like Paypal, Square was allowed to give PPP loans.
Source Fool.com
