🏦 Affirm Skyrockets After Crushing Earnings, While SoFi and PayPal Ride the Wave; Mastercard Secures Growth, But China's ICBC Faces Headwinds | Financials Sector Insight
Key contributors to this performance include Western Alliance Bancorporation (WAL), which increased significantly, along with Columbia Banking System (COLB) and Regions Financial Corporation (RF), both also showing notable gains.
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Thursday, August 29
XLF [+0.5%]
The Financial Select Sector SPDR Fund (XLF) has experienced a price increase of 0.4% since Wednesday. Notable contributors to this performance include Visa, Mastercard, PayPal, American Express, and Goldman Sachs. Mastercard has launched its Payment Passkey Service in India, aiming for global expansion and a partnership with Rellevate, Inc. PayPal has expanded its collaboration with Fiserv to enhance merchant client services. American Express has reached an all-time high, showing significant appreciation over the past year. Additionally, the Federal Reserve has adjusted Goldman Sachs' stress capital buffer requirement to 6.2%, effective October 1, reflecting updated information.