Financial Stocks To Add to Your Watchlist – October 22nd

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 whose primary business is providing financial services — for example, banks, insurance companies, asset managers, broker-dealers, payment processors and other fintech firms. For investors, these stocks are evaluated based on factors like interest rates, credit conditions, regulatory changes and fee or investment income, making them particularly sensitive to economic cycles and monetary policy. 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.