From Nasdaq: 2024-05-27 06:53:00

MercadoLibre is a strong contender in the fintech market, with Q1 2024 earnings reporting an adjusted $6.78 per share and sales of $4.3 billion. The stock is up over 10% in Q3, with a market cap of nearly $90 billion, targeting Latin America’s 178 million unbanked citizens.

PayPal has seen challenges due to global economic uncertainty, reaching prices up to $308.53 per share in July 2021. Despite sitting 80% below this peak, the company has improved profit expectations for 2024, showing promise with a 14% payment volume increase.

Coinbase, a trusted name in cryptocurrency exchange, correlates closely with the wider crypto market’s performance. With first-quarter growth of 69% in 2024 and a positive outlook led by investors like Cathy Wood, COIN looks set to perform well in the year ahead, offering financial services to unbanked individuals through cryptocurrency.

Read more at Nasdaq: 3 Fintech Stocks Poised to Profit from the Unbanked Revolution