Core Insights - PayPal Holdings (PYPL) reported strong Q3 2025 results, with both earnings per share (EPS) and revenues exceeding expectations, yet the stock price fell by 7% post-announcement [1][2] Financial Performance - PayPal's Q3 net revenues reached $8.42 billion, a 7.3% increase year over year, surpassing the consensus estimate of $8.26 billion [3] - Non-GAAP EPS was $1.34, reflecting an 11.7% year-over-year increase and exceeding the Zacks Consensus Estimate of $1.19 [3] - Total Payment Volume (TPV) grew by 8.4% to $458.09 billion, while transaction margin dollars increased by 6% to $3.87 billion [3] - Active accounts rose by 1% year over year to 438 million [3] Guidance and Share Repurchases - The company raised its full-year guidance for non-GAAP EPS to $5.35-$5.39, up from $5.15-$5.30, and reaffirmed free cash flow guidance at $6-$7 billion [4] - PayPal completed $1.5 billion in share repurchases during Q3, totaling $5.7 billion over the past four quarters, with projections of approximately $6 billion in share repurchases for 2025 [4] Market Reaction and Concerns - Despite strong earnings, the market expressed skepticism regarding the sustainability of growth drivers, particularly due to softer consumer discretionary spending in Europe and the U.S. [5][6] - Payment transactions decreased by 5% to 6.3 billion, influenced by changes in product and merchant mix, as well as foreign exchange hedges [6] - Transaction losses increased by 50% year over year, primarily due to a rise in fraud incidents [7] Growth Drivers - Venmo's TPV grew by 14%, with revenues increasing by 20%, indicating strong momentum in digital payments [10][11] - Venmo's user base is expanding, with nearly 100 million active accounts and a significant increase in debit card usage [12] - Branded checkout TPV grew by 5% on a currency-neutral basis, despite global macroeconomic challenges [13] Strategic Initiatives - PayPal signed a two-year agreement with Blue Owl Capital for $7 billion in "Pay in 4" loans and partnered with Google for enhanced digital commerce experiences [14] - The company is exploring AI-powered commerce experiences and has integrated its stablecoin PYUSD across platforms [15] Valuation and Market Position - PYPL shares have declined 19.9% year to date, attributed to increased competition in the fintech sector and broader macroeconomic pressures [16] - PayPal shares are currently trading at a forward P/E of 11.91X, significantly lower than the industry average of 20.70X and competitors like Visa and Mastercard [18] Estimate Revisions - The Zacks Consensus Estimate for 2025 earnings is $5.29 per share, indicating a 13.8% growth over 2024, with a projected increase to $5.81 per share in 2026 [19]

Market Outlook - The job market in America is a key factor for stock performance, with expectations that stocks will continue to rise as long as it remains stable [1] Investment Strategy - The investment strategy includes a significant allocation to gold, cash, and high-growth stocks, indicating a diversified approach [2][6] - Gold is viewed as a long-term cyclical asset, with recent macroeconomic factors such as declining Fed rates and geopolitical issues contributing to its value [3][4] Asset Correlation - Bitcoin and cryptocurrencies are not seen as replacements for gold, as they have different market behaviors and correlations, particularly with tech stocks [5][6] Key Holdings - Palantir is highlighted as a major holding, with strong revenue and earnings growth, despite its high valuation [7] - Meta has experienced volatility but remains a long-term investment, with recent stock weakness viewed as an opportunity to buy more shares [8][11] - Texas Pacific Land (TPL) is noted as a smaller but significant holding, operating as a royalty and landowner company primarily benefiting from oil and gas production [12][14]

Michael Cuggino, Permanent Portfolio Funds president, joins 'Power Lunch' to discuss why stocks should keep moving higher, bitcoin and gold's recent move higher and much more. ...

From the Desk of Anthony Pompliano0:00 Jamie Dimon Changes His Mind On Crypto3:47 Coinbase Earnings Show Crypto Is Eating Wall Street6:59 Roundhill Files for U.S.A Government Portfolio ETFEnjoy! https://t.co/uA8qqBBvGQ ...

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 ...

Tune in to Crypto Quorum every Thursday at 5pm UTC🎙️Crypto Quorum is proudly sponsored by @EdgeWallet , a fully encrypted, true self-custody, no KYC, private wallet with very strong security. https://t.co/A4LUsAqvqn ...

Core Insights - JPMorgan Chase CEO Jamie Dimon has acknowledged the legitimacy of crypto, blockchain, and stablecoins, indicating a significant shift in the bank's stance towards digital assets [1][2] - The bank plans to allow institutional clients to use Bitcoin and Ethereum as collateral for loans by the end of 2025, marking a major integration of digital assets into traditional finance [1][5] Group 1 - Dimon stated at the Saudi Arabia Mega Investment Summit that "Crypto is real. Blockchain is real. Stablecoins are real," highlighting JPMorgan's commitment to these technologies [2] - JPMorgan has launched a pilot for its Deposit Token, a blockchain-based payment instrument that represents real customer deposits, which is interest-bearing and fully backed by bank liabilities [3][2] - The bank's blockchain is private, allowing for full control over permissions and governance, contrasting with decentralized chains like Bitcoin and Ethereum [4] Group 2 - The upcoming collateralization program will enable institutional clients to pledge BTC and ETH for secured loans, representing one of Wall Street's most direct integrations of digital assets [5] - This initiative reflects a broader trend of traditional financial institutions embracing digital assets and blockchain technology [5]

This week in crypto 👇🟢 $HBAR rockets on ETF debut🐋 $XRP whales make moves🏦 JPMorgan embraces $BTC & $ETH crypto collateralWith @OllieLeeech breaking it all down. https://t.co/pYdCUne660 ...

Core Insights - REX Shares launched the REX IncomeMax Option Strategy ETF, aimed at generating weekly income from price volatility in U.S. stocks, particularly in the crypto sector [1][2] - The ETF employs a hedge-fund style strategy, focusing on option premium income and will have exposure to up to 30 publicly traded companies [1][2] ETF Composition and Strategy - The ETF currently holds $230,000 in equity from firms like Core Scientific, Gemini, and Figure, which are involved in the crypto space [2] - Trading under the ticker "ULTI," the ETF utilizes a mix of put and call options to manage volatility and mitigate downside risks [2][3] - The composition of the ETF is expected to change weekly, indicating potential periods without exposure to crypto firms [4] Market Positioning - The ETF represents a shift towards an actively managed, high-income strategy focused on volatile market names, rather than a specific sector [3][4] - REX has previously launched products linked to the crypto market, including the first U.S. ETF offering exposure to XRP and another linked to Dogecoin [4] Comparison with Other Products - The REX IncomeMax Option Strategy ETF is distinct from the Crypto Equity Premium Income ETF, which is based on an index of 25 crypto-related companies and has made 10 distributions since its inception [5]

Fwiw I think we are a way off, yet to experience full blown euphoria from crypto AIThe @ft is producing several pieces on Agentic Commerce; nuts that Walmart added $40bn to its market cap on the OpenAI partnership announcement https://t.co/HNydU5wuwI ...