Buy 5 Financial Technology Ginats Amid Fed Rate Cut Hope in December
Key Takeaways Fintech stocks gain focus as Fed rate-cut hopes rise ahead of the December FOMC meeting. HOOD, IBKR, FICO, SOFI and MCO show improving earnings estimates and revenue outlooks.FICO sees strong growth driven by expanding scoring models and rising software adoption.The Federal Reserve will hold its last FOMC (Federal Open Market Committee) meeting of 2025 on Dec. 9-10. Market participants are hopeful for a 25 basis-point cut in the benchmark lending rate next month. This will mark the third rate ...