Card networks and fintechs beat Q3 estimates; Robinhood misses
Stocktwits' weekly fintech recap says Mastercard, Visa and SoFi topped expectations, Robinhood fell short, and Binance was hacked, allegedly by North Korea.
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what happened
According to Stocktwits, card networks and payment processors dominated US fintech headlines in the week of Oct. 26 to Oct. 30, as a heavy batch of Q3 reports came out. Mastercard beat per-share profit forecasts, its stock rose about 2.3% over the week, and several brokers lifted their price targets. Visa also delivered strong results, while PayPal posted adjusted EPS of $1.45 against $1.31 expected. SoFi shares jumped 16% after earnings, Robinhood missed estimates and dropped for a sixth straight week, and Coinbase returned to profitability. Separately, Binance, the largest crypto exchange, was hacked, allegedly by North Korea, affecting about $6 billion in funds.
why it matters
The Federal Reserve held rates unchanged, which supports lending stocks, but some officials want gradual hikes because energy-driven inflation is still above target. For investors, strong payments results sit alongside growing risks in the crypto sector.
market impact
Payments and fintech stocks: strong reports support the sector, while Robinhood and Coinbase face pressure from the news flow
instruments
sources
- Stocktwits Fintech Pulse: US Fintech Weekly Briefing & Market Drivers — Stocktwits, 31 October 2026 at 00:02 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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