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PayPal could still underperform expectations despite a reset with a new chief executive, according to MoffetNathanson. The firm downgraded PayPal stock to market perform from outperform in a Monday note, and lowered its price target to $75 per share. PayPal stock has slipped nearly 10% from the start of the year and was off 1.4% in premarket trading Monday. PYPL YTD mountain PayPal stock. Analyst Lisa Ellis says that despite the potentially promising fresh start for the company with new chief executive and former Intuit CEO Alex Chriss on Sept. 27 , PayPal will still underperform MoffetNathanson estimates. "
Persons: Lisa Ellis, Alex Chriss, Ellis, — CNBC's Michael Bloom Organizations: PayPal, Apple Locations: Venmo
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMoffettNathanson's Lisa Ellis breaks down mixed earnings results from American ExpressLisa Ellis, MoffettNathanson senior analyst, joins 'The Exchange' to discuss consumer spending trends, pessimism about American Expresses after a revenue miss, and the health of U.S. consumer spending.
Persons: Lisa Ellis, American Express Lisa Ellis, MoffettNathanson Organizations: American Express
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTravel strength is powering payment companies, says MoffettNathanson's Lisa EllisLisa Ellis, MoffettNathanson Senior Analyst, joins 'Closing Bell Overtime' to discuss her new price targets on Visa and Mastercard.
Persons: MoffettNathanson's Lisa Ellis Lisa Ellis Organizations: Visa, Mastercard Locations: MoffettNathanson
Analysts are split on how Coinbase shares perform from here as the company enters a battle with the Securities and Exchange Commission. Others see this development as a major threat to Coinbase's business, going beyond near-term financial implications. Additionally, with the complaint coming a day after the SEC sued Binance , Coinbase is likely to see new trading volumes near term, she added. "The SEC lawsuit highlights that Coinbase simultaneously operates as a broker-dealer, an exchange, and a clearing agency/custodian," he added. "We also want to underscore that the COIN business model is doing well right now," he added.
Persons: it's, Coinbase's, cryptocurrencies, Cathie Wood, Raymond James, Patrick O'Shaughnessy, SVB MoffettNathanson, Lisa Ellis, Ellis, Binance, Coinbase, Gary Gensler, Canaccord, Raymond James –, Jefferies, Trevor Williams, SEC …, Devin Ryan, Joseph Vafi, Jason Kupferberg, Michael Bloom Organizations: Securities and Exchange, SEC, CNBC, Securities, Coinbase, Bank of America Locations: U.S
As the world transitions to a more cashless society, Mastercard's value has continued to soar. While Visa outpaces Mastercard in terms of cards in circulation, net revenue and market share based on purchase transactions, Mastercard's stock has outperformed Visa's over the past 5 years. "Visa did not use to own Visa Europe. "Back in 2016, 2017, Visa was able to buy Visa Europe, and they have gone through a huge effort to modernize Visa's operations in Europe. "So, it's kind of a double benefit to revenue when you have more market share in Europe in particular."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOnline purchases see about five times more fraud than in-store, says MoffettNathanson's Lisa EllisLisa Ellis, partner and senior equity analyst at Moffett Nathanson, joins 'The Exchange' to discuss earnings reports from payments providers, a shift towards digital payment, and the prevalence of fraud in online purchases.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYounger consumers are driving AmEx's revenue growth, says Moffett Nathanson's Lisa EllisLisa Ellis, MoffettNathanson analyst, joins 'The Exchange' to discuss the state of consumer spending, American Express' Q2 earnings report, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShort-seller Hindenburg's assertions about Block seem 'deliberately overstated,' analyst saysLisa Ellis of MoffettNathanson discusses Hindenburg's short position on Jack Dorsey's payments firm Block and says it's "cherry-picking what I would argue is very likely a very small issue."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview on Hindenburg's allegations against Block with SVB MoffettNathanson's Lisa Ellis and Empire Financial's Herb GreenbergSVB MoffettNathanson's Lisa Ellis and Herb Greenberg of Empire Financial Research join 'Closing Bell: Overtime' to discuss Hindenburg Research's allegations that Block is engaged in fraud.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCredit card debt hits record high $986 billion as inflation weighs on consumerLisa Ellis, SVB MoffettNathanson analyst, joins 'Squawk on the Street' to discuss the state of credit debt, American Express' recent performance, and how to judge the other credit companies.
Armed with impressive rewards and a loyal customer base, AmEx is a giant in the credit card industry. The company's revenue has increased by over 32% since 2017 when adjusted for inflation and the company's shares have shown resilience and growth in a tumultuous market. "Discount revenue," or fees charged to merchants that accept its cards, is the company's main source of revenue. "And merchants are willing to pay that premium because American Express is bringing them the most affluent, biggest spenders." Recent company reports claim that Amex card members spend, on average, three times as much annually as those who aren't members.
Lisa Ellis breaks down top payment stocks
  + stars: | 2023-01-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLisa Ellis breaks down top payment stocksLisa Ellis, MoffettNathanson analyst, joins 'TechCheck' to break down the public payment space, fintech and more.
[1/2] Credit card is seen in front of displayed Visa logo in this illustration taken, July 15, 2021. REUTERS/Dado Ruvic/IllustrationJan 24 (Reuters) - U.S. card companies are expected to post the slowest revenue growth in seven quarters, as consumers tighten their purse strings and avoid spending on luxury and big-ticket items. Card firms pocket a small percentage of the dollar value of transactions and stand to lose out on fees if customers pivot away from buying luxury items. Shares in Visa, Mastercard and Amex closed last year between 3% and 10% lower. Mastercard and Visa are set to report quarterly results on Thursday, with AmEx rounding off the season on Friday.
Unlike in previous crypto winters, however, macro forces outside the crypto industry are the biggest drivers of the market. The Shanghai upgrade Ethereum developers are gearing up for the network's next big upgrade, the "Shanghai" upgrade, which has a target release of March 2023. "The problem right now is if you stake ether into the network, your ether will be locked until the Shanghai upgrade," Lau said. "There will be more liquidity of ether after the Shanghai upgrade," he added. Gox but the expected distribution of the bitcoin recovered from the exchange's 2014 implosion could be a near-term headwind for bitcoin investors.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSVB MoffettNathanson's Lisa Ellis on Coinbase: We assume the crypto market begins to recover in 2024Lisa Ellis, SBV MoffettNathanson, joins 'TechCheck' to discuss her thoughts on Coinbase and forecast on crypto. With CNBC's Kate Rooney.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase still has upside despite FTX collapse, says SVB MoffettNathanson's Lisa EllisLisa Ellis, senior managing director at SVB MoffettNathanson, joins 'The Exchange' to discuss her bullish stance on Coinbase, the overall fate of crypto exchanges and currencies, as well as the scope of institutional investor involvement in crypto.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIBM's software business contributes to the majority of its profits, says Lisa Ellis of MoffettNathansonMoffettNathanson Partner Lisa Ellis joins 'Squawk on the Street' to discuss IBM's Q3 earnings beat, the company's investment in the growth of its consultant services business and the need for IBM to grow its software portfolio.
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