Techdamentals
Oct 13, 4:12 AM
$PYPL
Payments and lending get grouped together and should not be.
Moving money earns a fee on volume. Extending credit earns a spread and carries the risk.
With the Fed hiking and the ten-year at 5.24%, those two business models are having completely different quarters.
https://techdamentals.com/newsletter/why-bank-stocks-fall-when-rates-rise?ref=st
0 replies