PayPal Stock Price Volatility

PayPal’s stock price has experienced fluctuations in recent days, with a 6% decline on Friday. This drop is attributed to reports that JPMorgan Chase intends to charge fintech companies for accessing its customer data.

Potential Impact on PayPal’s Business Model

The move by JPMorgan Chase could result in significant costs for fintech companies, potentially amounting to hundreds of millions of dollars. This development may have implications for PayPal’s business model, which relies on access to customer data.

Upcoming Quarterly Earnings

Analysts expect PayPal to report a profit of $1.29 per share in its upcoming quarterly earnings, representing a slight increase from last year’s $1.08 per share.

Stock Price Performance

PayPal’s stock price has been stagnant over the past four years, hovering around $70 despite its leading position in digital payments.