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Financial Sector Outperforms Despite Volatility, Two Stocks Highlighted as Buys
Financial Sector Outperforms Despite Volatility, Two Stocks Highlighted as Buys
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BTCCSquare news:
The financial sector has demonstrated resilience over the past year, delivering a 25% total return and outperforming broader market indices. Despite macroeconomic risks, select stocks within the sector now trade at significant discounts to their peak valuations, presenting potential opportunities for investors.
Upstart Holdings (UPST) emerges as a notable candidate, with shares down 83% from highs despite strong quarterly results. The disruptive lender reported earnings of $0.05 per share on $257 million revenue - crushing analyst estimates expecting a $0.10 loss. Year-over-year loan originations surged 159% to 372,599, underscoring robust growth momentum even as the stock faces post-earnings pressure.
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