Financial Stocks To Follow Now – October 23rd

Robinhood Markets, Coinbase Global, and SoFi Technologies are the three Financial stocks to watch today, according to MarketBeat’s stock screener tool. Financial stocks are shares of companies in the financial sector—banks, insurance firms, asset managers, brokerages, payment processors and other financial-service providers—whose business is centered on lending, investing, underwriting, and fee-based services. These stocks earn revenue from interest margins, fees and trading activities and are typically sensitive to interest rates, credit cycles, regulation and overall economic conditions, which influences their risk and return profiles. These companies had the highest dollar trading volume of any Financial stocks within the last several days.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.

Coinbase Global (COIN)

Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.

SoFi Technologies (SOFI)

SoFi Technologies, Inc. provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.