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Stock impact report

PayPal Doesn't Make Wells Fargo Top Near-Term Fintech Picks [TheStreet.com]

WEX Inc. common stock (WEX) 
NASDAQ:AMEX Investor Relations: wexinc.com/payment-solutions/virtual-payments
Company Research Source: TheStreet.com
The economic rebound of the past two years has buoyed the financial technology sector.And some fintech companies can continue to thrive near-term, even as economic growth slows, Wells Fargo analysts say.“Fintech fundamentals remained strong in the first quarter of 2022,” they wrote in a commentary. “Group revenue increased by 26.5% … while earnings per share (EPS) growth was a healthy 13.8%.”Going forward, “we expect to see the sector's revenue growth begin to slow over the next two quarters,” the analysts said. “Our sense also is that fintech management teams will begin placing greater focus on expenses and their bottom lines as the macro environment begins to soften.”Payment service providersWexWEXGet WEX Inc. ReportFleetcor TechnologiesFLTGet FLEETCOR Technologies, Inc. ReportThey cite several positive factors:1. “We like their exposure to fuel (60% for WEX, 40% for FLT), as fuel prices have remained elevated, … and the demand environment remains firm.2. “Both are profitable. We be Show less Read more
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