Financial Stocks Worth Watching - October 9th

Key Points

• Five Financial Stocks are highlighted for investors to watch: Coinbase Global, Robinhood Markets, JPMorgan Chase & Co., SoFi Technologies, and PayPal, all of which had the highest dollar trading volumes recently.
• Coinbase Global specializes in financial infrastructure for the crypto economy, offering essential services for consumers and institutions to transact in crypto assets.
• PayPal provides a technology platform that facilitates digital payments, connecting merchants and consumers while supporting transactions with various funding sources, including cryptocurrencies.

Coinbase Global, Robinhood Markets, JPMorgan Chase & Co., SoFi Technologies, and PayPal are the five Financial stocks to watch today, according to MarketBeat's stock screener tool. Financial stocks are shares of companies that provide financial services, such as banks, insurance firms, brokerage houses, and asset managers. Investors in these stocks gain exposure to lending, investment management, underwriting, and other money-related businesses. Because their earnings often depend on interest rates, economic cycles, and regulatory changes, financial stocks can be more sensitive to macroeconomic trends than some other sectors. These companies had the highest dollar trading volume of any Financial stocks within the last several days.

Coinbase Global (COIN)

Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.

Read Our Latest Research Report on COIN

Robinhood Markets (HOOD)

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.

Read Our Latest Research Report on HOOD

JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

Read Our Latest Research Report on JPM

SoFi Technologies (SOFI)

SoFi Technologies, Inc. provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.

Read Our Latest Research Report on SOFI

PayPal (PYPL)

PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.

Read Our Latest Research Report on PYPL