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Business
Kritika Sarmah

2 Financial Services Stocks to Buy Instead of PayPal

V PYPL PayPal Kritika SarmahHer Insurance Visa Inc

The financial services industry is being boosted by the adoption of efficient as well as advanced technologies. Moreover, increasing financial transactions, the rising demand for insurance and loans, and the increasing disposable incomes of consumers enabling greater investments are expected to drive growth. The global financial services industry is expected to grow at a CAGR of around 6% in the forecast period of 2023-2028.

The prominent financial service company PayPal Holdings, Inc. (PYPL) has registered weak momentum over the past months. The stock has lost 57.1% over the past year and 13.4% over the past three months, closing its last trading session at $80.75. PYPL has a 24-monthly beta of 1.69.

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