Financial technology stocks received a good deal of hype over the past few years, but banks and other financial institutions have made huge investments to catch up in key areas.
One major area of focus has been to improve online offerings. Major banks knew that changes had to come to mitigate the threat of fintech companies, but there are still some stars in this subsector to watch today.
Fiserv (NASDAQ:FISV) is a Wisconsin-based provider of financial services technology. Fiserv stock was up 1% in early afternoon trading on April 3.
Shares have climbed 22% in 2019 so far. In 2018 total revenue rose 2% to $5.54 billion and adjusted earnings per share rose 25% to $3.10 for the year. Fiserv is trading at the high end of its 52-week range and last had an RSI of 72, which puts it in overbought territory right now.
Paypal Holdings (NASDAQ:PYPL) is a California-based company that provides electronic payments solutions to merchants and consumers.
Shares of Paypal have climbed 25% in 2019 so far. In 2018 the company reported revenue growth of 18% to reach $15.45 billion for the year. It recorded 9.9 billion payment transactions, which was up 27% from the prior year. Paypal is forecasting 16-17% revenue growth this year.
The stock hit an all-time high early this week. Still, shares currently have an RSI of 66 which puts it outside of overbought territory. We sit in a market uptrend so it should come as no surprise that both stocks are flashing pricey signals.
