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Fintech Stocks To Keep An Eye On - October 23rd

Rocket Companies logo with Finance background

Key Points

  • Five fintech stocks to watch include Rocket Companies, UP Fintech, Joint Stock Company Kaspi.kz, DeFi Development, and LexinFintech, identified for their high trading volume recently.
  • Rocket Companies offers various financial technology services, including mortgage lending and online personal loans, operating through segments such as Direct to Consumer and Partner Network.
  • UP Fintech focuses on online brokerage services for Chinese investors, providing a platform for trading various financial instruments along with added services like investor education.
  • Five stocks to consider instead of Rocket Companies.

Rocket Companies, UP Fintech, Joint Stock Company Kaspi.kz, DeFi Development, and LexinFintech are the five Fintech stocks to watch today, according to MarketBeat's stock screener tool. Fintech stocks are shares of publicly traded companies whose primary business is using technology to deliver or improve financial services—examples include digital payment platforms, online lenders, robo-advisors, blockchain firms, and financial software providers. Investors view them as a hybrid tech/financial sector that can offer rapid growth but often comes with higher volatility, regulatory exposure, and cybersecurity risks compared with traditional banks. These companies had the highest dollar trading volume of any Fintech stocks within the last several days.

Rocket Companies (RKT)

Rocket Companies, Inc., a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.

Read Our Latest Research Report on RKT

UP Fintech (TIGR)

UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform services.

Read Our Latest Research Report on TIGR

Joint Stock Company Kaspi.kz (KSPI)

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants.

Read Our Latest Research Report on KSPI

DeFi Development (DFDV)

We are a B2B fintech marketplace connecting commercial property borrowers and lenders with a human touch. We seek to revolutionize the commercial real estate lending market by making it hyper-efficient, transparent, and accessible to all rather than the few. Through our online platform, we provide technology that connects commercial mortgage borrowers looking for capital to refinance, build, or purchase commercial property, including, but not limited to, apartment buildings, to commercial property lenders.

Read Our Latest Research Report on DFDV

LexinFintech (LX)

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.

Read Our Latest Research Report on LX

Further Reading

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While Rocket Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

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