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Law Offices of Howard G. Smith Encourages PayPal Holdings, Inc. (PYPL) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2026-02-17 22:03
Core Viewpoint - A class action lawsuit has been filed against PayPal Holdings, Inc. for securities fraud, following a significant drop in stock price after a leadership change and disappointing earnings report [1]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of investors who purchased PayPal common stock between February 25, 2025, and February 2, 2026 [1]. - Investors have until April 20, 2026, to file a lead plaintiff motion [1]. - The lawsuit alleges that PayPal made materially false and misleading statements regarding its business operations and prospects during the class period [1]. Group 2: Company Performance - On February 3, 2026, PayPal announced the immediate replacement of CEO Alex Chriss, citing that the pace of change and execution did not meet the Board's expectations [1]. - The company's fourth quarter and full year 2025 earnings report revealed a net revenue increase of only 3% on a currency-neutral basis [1]. - Following the announcement, PayPal's stock price fell by $10.63, or 20.3%, closing at $41.70 per share [1]. Group 3: Allegations Against Defendants - The complaint claims that PayPal overstated its ability to execute on business initiatives and failed to effectively address competition concerns [1]. - It is alleged that the positive statements made by the defendants regarding the company's business were materially misleading and lacked a reasonable basis [1].
Klarna Group (KLAR) Facing Securities Class Action Amid 102% Spike in Credit Loss Provision, Questions About Risk-Related Trends Disclosures – Hagens Berman
Globenewswire· 2026-02-17 20:56
Core Viewpoint - Hagens Berman is notifying investors about a securities class action against Klarna Group plc, focusing on alleged misstatements in the company's September 2025 IPO documents [1][4]. Group 1: Allegations and Investigation - The investigation centers on claims that Klarna's IPO documents misled investors by highlighting its credit modeling performance while failing to disclose aggressive lending practices to financially unsophisticated consumers [4][8]. - The complaint alleges that Klarna's offering documents materially understated the credit risks associated with lending to clients experiencing financial hardship [8]. - Following the IPO, Klarna reported a 102% year-over-year increase in its provision for credit losses, raising concerns about the transparency of its IPO documents [4][5][8]. Group 2: Financial Impact - Just weeks after the IPO, Klarna's stock price fell nearly 22% below the $40 IPO price due to the revelation of increased credit loss provisions [4][8]. - The significant spike in credit loss provisions indicates potential flaws in Klarna's credit modeling, which was previously presented as robust [8]. Group 3: Next Steps for Investors - Investors who purchased Klarna shares during the September 2025 IPO and incurred losses are encouraged to contact Hagens Berman for assistance [3][6]. - The lead plaintiff deadline for the class action is set for February 20, 2026 [1][7].
What Was Behind Pagaya's Positive GAAP Earnings in 2025?
ZACKS· 2026-02-17 17:55
Core Insights - Pagaya Technologies (PGY) achieved GAAP profitability in 2025 after substantial losses in previous years, marking a significant turnaround with positive net income reported in all four quarters of the year [1][2]. Financial Performance - For the full year 2025, Pagaya reported a record net income of $81.4 million, a substantial recovery from a net loss of $401.4 million in 2024 [2][9]. - Total revenue and other income grew by 26.1% year over year, primarily driven by increased fee income from its lending network [2][9]. - Adjusted EBITDA surged by 76.3% year over year, indicating improved operational efficiency and cost management [3][9]. Operational Efficiency - The company benefited from operating leverage, where revenue growth outpaced expense growth, leading to improved margins and a quicker transition to profitability [3][4]. - Enhanced funding diversification and disciplined risk management practices supported the company's profitability, allowing it to maintain capital availability while focusing on profitable growth [4]. Market Reaction - Despite the strong performance in 2025, PGY's stock experienced a decline due to management's softer-than-expected guidance for early 2026, projecting network volume of $2.5-$2.7 billion and total revenues of $315-$335 million for Q1 2026 [5][9]. - The stock has lost 63.4% over the past six months, contrasting with a 25% decline in the industry [8][10]. Peer Comparison - In 2025, Upstart Holdings, Inc. reported a net income of $53.6 million, with total revenues increasing by 64% year over year to $1.04 billion [6]. - Upstart expects total revenues of $1.4 billion for 2026, indicating strong growth prospects in comparison to Pagaya's guidance [7].
OLB Group Stock Skyrockets On PayPal Partnership
Benzinga· 2026-02-17 16:47
Core Viewpoint - OLB Group's stock is experiencing significant upward momentum, attributed to a new partnership with PayPal that enhances its payment solutions for merchants [1][10]. Group 1: Partnership and Integration - OLB has entered a partnership with PayPal, allowing integration of PayPal's checkout and wallet solutions into its SecurePay gateway and other platforms [2]. - This partnership will provide OLB merchants access to various PayPal services, including PayPal Checkout, Venmo, Pay Later, and PayPal Credit, along with fraud protection and cross-border payment tools [2][3]. - The integration aims to simplify merchant onboarding, consolidate settlement and reporting, and expand access to buyers in over 200 markets [3]. Group 2: Market Performance and Stock Analysis - OLB stock is currently trading 12.5% above its 20-day simple moving average (SMA) but is 20.8% below its 100-day SMA, indicating short-term strength but longer-term challenges [5]. - Over the past year, OLB shares have decreased by 34.65%, and they are closer to their 52-week lows than highs [5]. - The stock's current price action shows a significant increase of 137.32%, reaching 99 cents, with key resistance at $1.50 and support at 75 cents [10]. Group 3: Industry Context - The overall market is experiencing fluctuations, with fintech stocks like OLB benefiting from a shift in consumer behavior towards digital solutions amid economic pressures [7]. - OLB Group operates as a diversified fintech e-commerce merchant services provider and Bitcoin crypto mining enterprise, focusing on integrated business solutions for merchants across the U.S. [8]. - The company's offerings include a cloud-based business management platform that provides turnkey solutions for both online and brick-and-mortar retail businesses [9].
Sezzle and David's Bridal Bring "Love in Times Square" to Life, Championing Love and Financial Wellness
Globenewswire· 2026-02-17 14:52
Core Insights - Sezzle Inc. has partnered with David's Bridal and the Times Square Alliance to sponsor the "Love in Times Square" celebration, aiming to promote accessible payment solutions for engaged couples facing financial stress [1][2][3] Company Initiatives - The collaboration between Sezzle and David's Bridal focuses on providing financial flexibility to couples by allowing them to break wedding expenses into manageable installments, thereby reducing financial stress during wedding planning [3][4] - David's Bridal transformed Times Square into a full-service wedding venue, offering curated gift bags, photo activations, and gown giveaways, showcasing their commitment to customer experience [5][7] Industry Context - Financial stress impacts nearly half of all engaged couples, often more than other wedding-related stresses, highlighting the need for accessible financial solutions in the wedding industry [2] - David's Bridal is evolving from a traditional bridal retailer to a wedding technology company, emphasizing a strategic pivot towards digital solutions and media engagement [7][9] Technological Advancements - The introduction of Pearl by David's, Pearl Planner, and Pearl Media Network positions David's Bridal as a comprehensive digital wedding destination, connecting consumers with planning tools, vendor directories, and content [8][9][10] - Love Stories by David's, under Pearl Media, reaches over 20 million viewers monthly, providing a digital-first approach to wedding content and inspiration [10]
Sezzle and David’s Bridal Bring "Love in Times Square" to Life, Championing Love and Financial Wellness
Globenewswire· 2026-02-17 14:52
Core Insights - Sezzle Inc. and David's Bridal partnered to sponsor the "Love in Times Square" event, aiming to highlight accessible payment solutions for engaged couples facing financial stress [1][2][3] Group 1: Event Overview - The "Love in Times Square" celebration served as a platform to address financial stress affecting nearly half of engaged couples, emphasizing the importance of manageable payment solutions [2] - The event featured guest appearances from stars of the Hulu series "Tell Me Lies," who participated in discussions about financial and romantic red flags, promoting the use of financial tools to enhance relationship focus [4][5] Group 2: Company Initiatives - David's Bridal and Sezzle aim to empower couples by providing flexible payment options, allowing them to manage wedding budgets without compromising on style [3] - David's Bridal transformed Times Square into a wedding venue, offering curated gift bags, photo opportunities, and gown giveaways, showcasing their commitment to customer experience [5][6] Group 3: Company Background - Sezzle is a fintech company focused on empowering consumers through financial tools, enhancing purchasing power while promoting responsible spending [6] - David's Bridal has evolved from a traditional bridal retailer to a comprehensive wedding technology company, offering a digital platform that connects consumers with various wedding services and products [7][10]
Is Block, Inc. (XYZ) among the Best Bitcoin and Blockchain Stocks to Invest in?
Yahoo Finance· 2026-02-17 14:48
Group 1: Company Overview - Block, Inc. (NYSE:XYZ) is recognized as one of the best Bitcoin and blockchain stocks to invest in [1][7] - The company is expanding its OpenIP project to include Bitkey, a bitcoin self-custody hardware wallet, and Proto, its bitcoin mining hardware and services brand [2] Group 2: Financial Performance - Block, Inc. reported third-quarter revenues that fell short of Wall Street estimates, with adjusted earnings per share at 54 cents, below the forecast of 67 cents [4] - Despite the earnings miss, the company experienced an 18% increase in gross profit to $2.66 billion year-over-year, leading to an improved full-year gross profit forecast of $10.24 billion [4] Group 3: Analyst Ratings and Price Targets - Citi reduced its price target for Block, Inc. from $105 to $85 while maintaining a "Buy" rating, anticipating a 19% increase in gross profit [3] - Truist analyst Matthew Coad raised his price objective from $68 to $72, keeping a Hold rating, citing a cautious outlook for some management teams in the fintech sector [3]
Futures Fall As AI Selloff Resumes
ZeroHedge· 2026-02-17 13:39
Market Overview - US equity futures resumed their selloff after a brief bounce, with S&P 500 futures down 0.5% and Nasdaq 100 contracts falling 1.0%, driven by concerns over AI disruption [1] - All major tech stocks in the "Magnificent 7" are lower, with notable declines in Nvidia (-0.9%) and Alphabet (-1.5%) [3] - Energy, financials, industrials, and defensive sectors showed pockets of outperformance amid the broader market decline [1] Corporate News - Activist investor Elliott has built a significant stake in Norwegian Cruise Line, leading to a rise of over 7% in its shares [4] - Apple is set to hold a product launch on March 4, which may impact its stock performance [3] - ImmunityBio shares rose 6% after receiving encouragement from the Saudi Food and Drug Authority to submit a regulatory package for its bladder cancer therapy [4] - Masimo shares surged 34% following reports of a nearly $10 billion acquisition deal by Danaher [4] AI and Technology Sector - Investors are cautious about the profitability of AI spending, with concerns about competition and potential disruptions to various industries [6][7] - A record number of investors believe companies are overspending on AI, with 25% citing an "AI bubble" as a top market risk [10] - Despite selloff concerns, two-year forward earnings estimates for software stocks have risen, indicating resilience in the sector [11] Economic Indicators - Upcoming economic data includes the ADP employment change, Empire State manufacturing survey, and NAHB housing market index for February, which could influence market sentiment [1][22] - The UK unemployment rate rose to 5.2%, leading to increased expectations for a Bank of England rate cut [16] Commodities and Geopolitical Factors - Oil prices rose due to geopolitical tensions, particularly military drills by Iran in the Strait of Hormuz, impacting Brent crude prices [13][48] - Gold prices have declined, with spot gold dropping toward $4,900 an ounce amid a risk-off sentiment [1][48]
Payoneer to Launch Stablecoin Capabilities, Powered by Bridge, Bringing Secure, Always-On Digital Money to Global Businesses
Prnewswire· 2026-02-17 13:30
Core Insights - Payoneer is set to launch stablecoin capabilities within its platform, powered by Bridge, to facilitate secure and efficient cross-border transactions for businesses [1] - The integration aims to simplify the use of stablecoins for businesses, particularly in emerging markets, addressing challenges such as currency conversion and regulatory complexities [1] Group 1: Company Developments - Payoneer will enable businesses to receive, hold, and send stablecoins as part of their daily financial operations, enhancing their global transaction capabilities [1] - The new stablecoin features will be rolled out in select markets in Q2 2026, with broader availability planned throughout the year [1] - Payoneer has nearly 2 million customers globally and aims to leverage its compliance expertise to support stablecoin adoption [1] Group 2: Industry Context - The adoption of stablecoins is accelerating, with real-world applications emerging that offer faster settlement and programmable money movement [1] - Many cross-border businesses face challenges in integrating stablecoins due to fragmented workflows and evolving regulations, which Payoneer aims to address [1] - Bridge, the partner providing the stablecoin infrastructure, focuses on simplifying blockchain complexities for companies like Payoneer [1]
The FUTR Corporation Announces Expansion of FUTR Payments into Texas and New Jersey
TMX Newsfile· 2026-02-17 13:30
Toronto, Ontario--(Newsfile Corp. - February 17, 2026) - The FUTR Corporation (TSXV: FTRC) (OTCQB: FTRCF) (FSE: QA20) (WKN: A4165Y) (ISIN: CA3609521057), ("FUTR" or "the Company"), creator of the FUTR Agent App which enables users to store, manage, access, and monetize their personal information and make real-time payments, today announced that it has recently signed agreements with four new dealerships that have expanded the reach of its FUTR Payments product into Houston, Texas and further bolstered the ...