Fintech

Robinhood: Prediction markets are now a bigger business than crypto

Event contracts brought in $156 million last quarter. Crypto revenue fell to $100 million.

Visa: The fastest growth is coming from beyond the card swipe

Revenue rose 14% last quarter. Other revenue rose 45% and client incentives grew faster than sales.

American Express raises its profit forecast as card spending grows 8%

Revenue rose 9% to $20.1 billion. A gain on its travel business stake pushed reported earnings well above the underlying number.

SoFi Technologies (SOFI): Haverhill Research Report

Members and deposits are growing fast, but lending still drives profit and the price already reflects it. Rated Hold, Haverhill price target $17.

PayPal (PYPL): Haverhill Research Report

About 10 times earnings and a $6 billion buyback, with checkout growth stuck near 2%. Rated Buy, Haverhill price target $65.

Schwab: what higher rates are worth, and where client cash is going

Schwab earns about 3.8 points more on its assets than it pays on deposits. With the Fed raising rates again, an Amber first look ahead of Thursday's results.

Mastercard: what could actually slow the steadiest earner in payments?

Revenue up 14%, a 61% margin and $4.9 billion of buybacks in a quarter. An Amber first look at the three threats Mastercard itself lists: regulation, stablecoins and the fight over fees.

Capital One: is owning the Discover network paying off yet?

America's largest card lender now runs its own payment network. Debit has moved over, credit has not, and the company has not yet reported any savings. An Amber first look.

Nu's Mexico bank, two months in

Nu became a licensed bank in Mexico in the summer and opened its doors in August. What the numbers say so far, and why Mexican customers already earn Nu more than Brazilians did at the same stage.

Robinhood's Q3: what to watch on October 27

Trading volumes are up sharply from a year ago, crypto is down, and prediction markets went from a side bet to billions of contracts. What August's numbers say about the quarter.