6 Fintech Stocks to Buy on the Dip
It turns out that Fintech (financial technology) is a war zone now. I found six Fintech stocks to buy on the dip. These stocks are down significantly from their highs, yet all of them are profitable. They are all cheap now on a P|E basis, and all of them, except one, pay dividends. That presents a unique buying opportunity for the likely survivors. This article will dive into some of the more probable winners. You can see from the chart on the right that the average P|E of these fintech stocks has a price-to-earnings (P|E) multiple of 8.3x. Most of the companies have lower earnings projections for 2023, so the P|E falls for 2023 to 7.7x. Click to Enlarge Source: Mark R. Hake, CFA Moreover, the average dividend yield for this group of fintech stocks is over 4%. That makes them quite interesting to value investors. This is a higher than average dividend yield than most other stocks. This is also one more reason to buy these fintech stocks on the dip. The 7 Best Tech Dividend Stocks to Buy Right Now Let’s dive in and look at these stocks.
6 Fintech Stocks to Buy on the Dip
It turns out that Fintech (financial technology) is a war zone now. I found six Fintech stocks to buy on the dip. These stocks are down significantly from their highs, yet all of them are profitable. They are all cheap now on a P|E basis, and all of them, except one, pay dividends. That presents a unique buying opportunity for the likely survivors. This article will dive into some of the more probable winners. You can see from the chart on the right that the average P|E of these fintech stocks has a price-to-earnings (P|E) multiple of 8.3x. Most of the companies have lower earnings projections for 2023, so the P|E falls for 2023 to 7.7x. Click to Enlarge Source: Mark R. Hake, CFA Moreover, the average dividend yield for this group of fintech stocks is over 4%. That makes them quite interesting to value investors. This is a higher than average dividend yield than most other stocks. This is also one more reason to buy these fintech stocks on the dip. The 7 Best Tech Dividend Stocks to Buy Right Now Let’s dive in and look at these stocks.