Goldman Sachs says subprime consumers are stronger than expected, with falling delinquencies and steady spending. Eight stocks could benefit from this unexpected resilience.
AFFIRM HOLDINGS INC (NASDAQ:AFRM) shows strong earnings momentum and a bullish technical setup, making it a candidate for high-growth investors. The stock has solid EPS growth, positive revisions, and a favorable chart pattern.
FICO launches new credit scores incorporating BNPL data, providing lenders with better insight into borrowers' repayment behaviors and improving the lending experience. Affirm also recently raised $4 billion to scale BNPL loans.
Investors were glued to the lifting of the asset cap of Wells Fargo, an analyst’s report for Affirm, and a favorable government move in Texas for BlackRock.
While PayPal is a slower-growing player in the rapidly expanding Buy Now Pay Later space, two other stocks are challenging it, growing at exorbitant clips.
The buy now, pay later (BNPL) firm’s gross merchandise volume, which implies the total value of all the transactions processed by Affirm, jumped 36% to $8.6 billion in Q3.
