Fintech stocks rallied after analysts downplayed concerns about JPMorgan's reported plan to charge data aggregators. Block jumped 5%, PayPal 3.5%, and Robinhood edged higher. Morgan Stanley and Evercore said any new fees would be minimal, not threatening fintech business models. Bitcoin's surge above $123,000 also boosted sentiment as crypto-focused legislation nears a vote.
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12:32 pm on
15 Jul