PayPal Holdings Inc (NASDAQ: PYPL) shares have gained 2.9% in the last six months. According to analysts at the Zacks Investment Research, an overall increase in the volume of payments that have taken place through the platform and the addition of active new users have contributed towards the growth of this FinTech platform.
JPMorgan Chase & Co. (NYSE: JPM) was disappointing as they underperformed
JPMorgan Chase & Co. (NYSE: JPM) shares have in the last year underperformed and left investors disappointed, according to the Zacks Major Regional Banks. However, the silver lining on the dark cloud is that the situation seems to be improving. Acting as catalysts for growth are acquisitions, efforts to transform the branch into a new market, initiatives to venture into business enlarging activities. These factors have, according to analysts at the Zacks, acted as contributors of growth.
Furthermore, JPMorgan Chase & Co. has introduced a series of digital initiatives which will also strengthen its growth. While the bank’s sophisticated investment banking will help it earn revenue, low-interest rates can dampen its income from interest.
Paypal Holdings Inc in legal trouble
A shareholder rights law firm is attempting to investigate the class action complaint filed against Paypal Holdings Inc. In addition, the law firm is investigating if the company made any pseudo or misleading statements during the Class Period. Finally, the public statements of the FinTech group are also under scrutiny.
FinTech sector has evolved in the last few years
The last few years have been productive for companies in the FinTech (Financial Technology) space. Start-up to giants, FinTech companies, have registered robust growth and are set to grow in the years to come. While the recent crises have prevented corporate houses in various sectors from achieving their business goals, crises have acted as catalysts for the growth of FinTech companies. Companies in this sector have taken advantage of technology that the traditional financial sector does not offer. In recent years, the FinTech division has witnessed several mergers and acquisitions. The future is bright for companies in the FinTech space.
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