Latest news with #fintech
Yahoo
an hour ago
- Business
- Yahoo
BBVA introduces digital bank in Germany
BBVA has launched its fully digital bank in Germany, marking its second such offering in Europe. The Spanish banking group had earlier operated in Germany through its Corporate & Investment Banking (CIB) arm. The introduction of its digital bank in the country follows a launch in Italy at the end of 2021. The German proposition offers a checking account with a 3% interest rate for the first year as well as a debit card with 3% cashback on purchases, both free of fees. BBVA's digital banking services in Germany include free access to approximately 70,000 ATMs and cash withdrawal points throughout the country, with no charge for withdrawals exceeding €150. It supports instant SEPA transfers, direct debits, and a digital service for switching accounts, all free of cost. The digital bank provides 'flexible' financing options, such as the Pay&Plan programme, one-click personal loans and the Dispokredit overdraft facility. BBVA CEO Onur Genç said: 'We're bringing something new to Germany. A banking experience that combines the simplicity and convenience of a fee-free account, typical of digital actors, with the full range of products, reliability, and trust of a universal bank.' 'We believe German customers are ready for a fresh alternative that's mobile-first, transparent, and backed by the strength and reputation of a global bank like BBVA.' BBVA Germany operates under a full banking licence, providing German IBAN accounts that are protected under the European Deposit Protection scheme up to €100,000. The bank said its digital app has been designed to offer features like card management, 'secure' payments, 'real-time' updates, and budgeting tools. BBVA Germany has also introduced payment cards without printed data, featuring a dynamic CVV. Recently, the bank's Sabadell acquisition faced a delay as the Spanish government imposed a mandatory three-year waiting period before the two entities can integrate their operations. "BBVA introduces digital bank in Germany" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
an hour ago
- Business
- Yahoo
Can PayPal Stock Hit $125 in 2025?
Digital payment giant PayPal's (PYPL) story has been anything but smooth. After soaring in 2020 and carrying the momentum into early 2021, PYPL stock stumbled, ending three consecutive years in the red. While 2024 brought a much-needed rebound, 2025 has seen shares slip once again. Much of PayPal's decline can be traced to rising competition. Newer, faster fintech rivals have outpaced the company with sleeker, more intuitive payment solutions. Still, PayPal isn't going down without a fight. In response, PayPal brought in CEO Alex Chriss in 2023 to reset its strategy. Under his leadership, the company has launched features like one-click and express checkout while sharpening its focus on profitable growth and operational efficiency. Dear Nvidia Stock Fans, Watch This Event Today Closely A $2 Billion Reason to Sell Super Micro Computer Stock Now 3 ETFs Offering Juicy Dividend Yields of 15% or Higher Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! PayPal's ever-expanding partner network — featuring giants such as Amazon (AMZN), Shopify (SHOP), Apple (AAPL), Alphabet (GOOGL), and Meta Platforms (META) — also remains a powerful asset. With Wall Street's highest target pegged at $125 for the stock, can PayPal rally hard enough to hit that mark before the year wraps? PayPal runs a global technology platform that connects merchants and consumers through a dynamic two-sided network. Whether shopping online or in-person, users can pay, get paid, transfer, or withdraw funds using a wide range of options, including bank accounts and cards, PayPal and Venmo balances, cryptocurrency, and more — making digital payments seamless and accessible worldwide. With its market capitalization currently hovering around $71 billion, PayPal remains a major player in the fintech space. However, its stock performance tells a different story. Delivering a 25% return over the past one year, the stock has taken a 14% hit so far in 2025, underperforming the broader S&P 500 Index ($SPX) by a wide margin, with the benchmark up 4.4% year-to-date (YTD). PYPL stock touched a YTD high of $93.25 in January but has since fallen more than 21% from that peak. Considering its sluggish price action, PayPal now appears to be a potential value play. The stock is trading at just 14 times forward earnings and 2.25 times sales, which is significantly below its five-year averages. For investors hunting for discounted fintech names, PayPal's current valuation could offer an attractive entry point. PayPal delivered its fiscal 2025 first-quarter earnings on April 29. The results were a mixed bag, showing a slight revenue miss but a strong profit beat. Sales rose just 1% year-over-year (YOY) to $7.8 billion, falling short of expectations. However, the company made it clear this was by design. PayPal emphasized its strategic pivot toward profitability, deliberately phasing out lower-margin revenue streams. That shift paid off on the bottom line. Adjusted EPS came in at $1.33, up 23% from a year ago and beating Wall Street estimates by an impressive 15.7% margin. PayPal continued to strengthen its financial footing in Q1, with transaction margin dollars — the company's core profitability metric — rising 7% to $3.7 billion. Active accounts grew 2% YOY to reach 436 million, reflecting steady user engagement. Backed by a strong balance sheet with $15.8 billion in cash, cash equivalents, and investments, PayPal also returned $1.5 billion to shareholders through share repurchases, underscoring its commitment to capital returns. Reflecting on the Q1 performance, Chriss noted, 'PayPal had a great start to the year and our strategy is working. This is our fifth consecutive quarter of profitable growth with progress across branded checkout, PSP, omnichannel, and Venmo.' Looking ahead, PayPal offered a dose of optimism with strong Q2 guidance, projecting adjusted EPS between $1.29 and $1.31, signaling continued momentum on the profitability front. For the full year, the company took a more cautious stance. Citing ongoing global macroeconomic uncertainty, PayPal reaffirmed its earlier guidance, expecting full-year EPS to land between $4.95 and $5.10. By comparison, analysts tracking PayPal project the company's profit to grow 9.3% annually to $5.08 per share in fiscal 2025, followed by an even stronger 11% rise to $5.64 in fiscal 2026. Overall, Wall Street sentiment toward PYPL stock remains cautiously upbeat, with analysts giving it a consensus 'Moderate Buy' rating. Of the 44 analysts offering recommendations, 16 give it a solid 'Strong Buy" rating, two suggest a 'Moderate Buy,' 22 give a 'Hold,' and the remaining four advocate for a 'Strong Sell" rating. PYPL stock's average analyst price target of $79.81 indicates 9% potential upside. But the Street-high target of $125 tells a more bullish story, implying a potential rally of 70% if the company's turnaround strategy hits its stride. On the date of publication, Anushka Mukherji did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
RNZ News
4 hours ago
- Business
- RNZ News
How to get into the housing market with $80
HomeShare has worked with the Financial Market Authority to finetune its offering. Photo: Supplied/Susan Edmunds If you want to get into the property market, but don't have the money to do so, you may be about to get your chance - again. New fintech start-up HomeShare plans to launch later this year, offering investors the opportunity to buy a share in residential property. If that sounds familiar, that's because it's not the first attempt to offer this sort of investment scheme - The Property Crowd and The Ownery have both tried it within the past decade. In 2022, the Financial Markets Authority suspended the crowdfunding licence of The Property Crowd, after it contravened licensee obligations. No investors were using the platform at that point. The Ownery launched in 2016, offering shares in an Ellerslie house, but there was reportedly underwhelming investor interest and less than a quarter of shares were sold. It has not responded to a request for comment. Homeshare founder Martin van Blerk said the key difference between those previous attempts and his latest was that he had worked with the Financial Markets Authority in its fintech sandbox. The 'sandbox' is designed to encourage innovation, and allow participants to test their new products and services in a controlled environment, getting a better understanding of what the regulator will expect of them and adjusting as required. Van Blerk said HomeShare would offer 10,000 shares in a property based on an independent valuation. Its first property would be in Hamilton. People could buy single shares or many. On an $800,000 property, a share would be $80. Martin van Blerk is aiming for an October launch for HomeShare. Photo: Supplied/Susan Edmunds "The goal is making housing more affordable, more transparent and just easier to access for a lot of people, who'd otherwise be locked out, either because they don't have enough for a deposit or a mortgage, or they just don't know how to go about it." He said he aimed for an October launch and hoped to eventually have properties all over New Zealand. "Instead of buying one property in Auckland, you could buy shares in 100 throughout New Zealand, so it's a great way to diversify risk for property owners." Owners would receive a proportionate amount of rental income from the property and pay a proportional amount of the cost of ownership, including maintenance. People who wanted to exit their investment could sell their shares on HomeShare's secondary marketplace, as long as the price was set within what the company said was a reasonable range. Fees would be charged when shares were bought and sold. For first-home buyers, the fee is 0.95 percent "or slightly higher if you're a traditional investor". Van Blerk said the model had proved popular in other countries. "New Zealand is sort of lagging behind. I think this is a chance to put us at the front of a shift that's happening." Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Yahoo
8 hours ago
- Business
- Yahoo
Jim Cramer on Chime: 'I Want to Buy It'
Chime Financial, Inc. (NASDAQ:CHYM) is one of the 14 stocks Jim Cramer recently shared insights on. Highlighting its recent IPO, which was originally priced at $27 but opened at $43, a caller inquired after Cramer's thoughts on the company. He replied: 'Okay… Look, I think Chime was part of this, there… [were] a couple of days where no matter what anybody did, the things were going up, and then this one happened and it cost too much and people got nervous about it. $10 billion, Chime, I want to buy it. I think it's going to be good. I think every analyst is going to come out and recommend it. I think you get a good price here, buy the next… at $25.' A portfolio manager analyzing a stock chart, seeking to find the right investments. Chime Financial (NASDAQ:CHYM) is a fintech company that provides a mobile banking app that helps users manage spending, savings, credit building, and access to funds, while emphasizing security and community support. While we acknowledge the potential of CHYM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
RNZ News
14 hours ago
- Business
- RNZ News
How to get into housing market with $80
HomeShare has worked with the Financial Market Authority to finetune its offering. Photo: Supplied/Susan Edmunds If you want to get into the property market, but don't have the money to do so, you may be about to get your chance - again. New fintech start-up HomeShare plans to launch later this year, offering investors the opportunity to buy a share in residential property. If that sounds familiar, that's because it's not the first attempt to offer this sort of investment scheme - The Property Crowd and The Ownery have both tried it within the past decade. In 2022, the Financial Markets Authority suspended the crowdfunding licence of The Property Crowd, after it contravened licensee obligations. No investors were using the platform at that point. The Ownery launched in 2016, offering shares in an Ellerslie house, but there was reportedly underwhelming investor interest and less than a quarter of shares were sold. It has not responded to a request for comment. Homeshare founder Martin van Blerk said the key difference between those previous attempts and his latest was that he had worked with the Financial Markets Authority in its fintech sandbox. The 'sandbox' is designed to encourage innovation, and allow participants to test their new products and services in a controlled environment, getting a better understanding of what the regulator will expect of them and adjusting as required. Van Blerk said HomeShare would offer 10,000 shares in a property based on an independent valuation. Its first property would be in Hamilton. People could buy single shares or many. On an $800,000 property, a share would be $80. Martin van Blerk is aiming for an October launch for HomeShare. Photo: Supplied/Susan Edmunds "The goal is making housing more affordable, more transparent and just easier to access for a lot of people, who'd otherwise be locked out, either because they don't have enough for a deposit or a mortgage, or they just don't know how to go about it." He said he aimed for an October launch and hoped to eventually have properties all over New Zealand. "Instead of buying one property in Auckland, you could buy shares in 100 throughout New Zealand, so it's a great way to diversify risk for property owners." Owners would receive a proportionate amount of rental income from the property and pay a proportional amount of the cost of ownership, including maintenance. People who wanted to exit their investment could sell their shares on HomeShare's secondary marketplace, as long as the price was set within what the company said was a reasonable range. Fees would be charged when shares were bought and sold. For first-home buyers, the fee is 0.95 percent "or slightly higher if you're a traditional investor". Van Blerk said the model had proved popular in other countries. "New Zealand is sort of lagging behind. I think this is a chance to put us at the front of a shift that's happening." Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
