Consumers are increasingly comfortable with automated investing, but that may not be such a good thing. According to a global study conducted by Accenture, seven out of ten consumers surveyed would “welcome” automation—or robo-advisors—into their financial lives, including a high level of comfort, almost 80% (78%), with robos in traditionalRead More
Post Tagged with: "stocks"
If you invested in the S&P 500 at the start of 2015, by the end of trading today, you would have enjoyed a return of … 1.04%. Yeah, not impressive. But had you invested in the portfolio of fintech stocks Bank Innovation tracks, you would have scored a return of 39%. Yeah,Read More
Wall Street has given investors a wild ride in recent days. That is, with the exception of fintech investors. The Bank Innovation portfolio of stocks, which includes 25 fintech companies, has dropped in value 2.24% since July 20. That compares to a loss of 9.83% for the Nasdaq since that date.Read More
You might not be aware, but Virtual Piggy Inc., a stalwart demo-er at Finovate that sells an online and mobile payments account for parents to give their kids, is a publicly traded company, and its stock has been on a tear. Despite generating just $88 of revenue last quarter. InRead More
And the winner for the best financial services stock of 2012 is … BAC. No major financial stock — as defined as companies with a market capitalization of at least $36 billion — performed better in 2012 than Bank of America Corp. BAC stock climbed 103.8% to date in 2012Read More