会议主要讨论的核心内容 公司财务表现 - 公司在Q4报告了48%的同比收入增长,并在盈利之路上取得进展 [1][2] - 公司维持了较强的单位经济性,单位收益超过了公司的长期目标区间3%-4% [7] - 公司通过收入快速增长、单位经济性良好以及有效控制运营开支,大幅提升了经营利润率,并承诺在本财年内实现GAAP盈利 [8] 收入增长动力 - 公司的收入增长主要来自于贷款利息收入和商户手续费收入的增长,与GMV规模扩大同步增长 [13][14] - 公司还通过资本市场交易实现了较快的"贷款出售收益"增长,进一步推动了总收入的增长 [14] 利率环境变化影响 - 利率下降可能会提高消费者需求,从而带来公司收入的提升 [16][17][18] - 但公司的资金成本下降可能会滞后于市场,需要一定时间传导 [18] - 公司将密切关注就业形势的变化,因为这是影响公司信用成本的关键因素 [19][20] 年轻消费者群体 - 年轻消费者对诚信金融产品的需求是公司业务增长的重要驱动力 [22][23] - 公司的透明产品设计和利益一致性深受年轻消费者的青睐 [22][23] 与竞争对手的比较 - 公司认为自己的业务模式和产品线更加丰富和灵活,能够满足更多交易场景 [25][26] - 公司在信用风险管理方面的投入和能力也是其优势所在 [26][27] - 但市场竞争预计将持续激烈,公司将继续投入开发更多产品以服务更广泛的交易模式 [28] 人工智能应用 - 公司在机器学习和数据科学方面有深厚积累,将继续投资以提升内部效率 [30][31][32] - 但公司不会将关键决策完全交给黑箱模型,而是注重可解释性和合规性 [31][32] 国际市场拓展 - 公司计划今年内正式进入英国市场,将复制在美国的成功经验 [39][40] - 进入新市场需要大量定制化工作,需要与各方利益相关方建立良好关系 [42][43] 问答环节重要的提问和回答 利率下降对公司的影响 问: 利率下降是否会提高消费者需求,从而带来公司收入的提升? [16] 答: 利率下降确实可能提高消费者需求,从而带来公司收入的提升。但公司的资金成本下降可能会滞后于市场,需要一定时间传导。同时公司还将密切关注就业形势的变化,因为这是影响公司信用成本的关键因素。 [17][18][19][20] 人工智能在消费者行为分析中的应用 问: 公司如何利用人工智能来分析消费者购买行为,是否会带来更高的单用户收入和GMV? [29] 答: 公司在机器学习和数据科学方面有深厚积累,将继续投资以提升内部效率。但公司不会将关键决策完全交给黑箱模型,而是注重可解释性和合规性。人工智能更多是作为一种生产力工具,而不是颠覆性的技术。 [30][31][32] 苹果支付合作 问: 公司与苹果的合作什么时候开始,合作期限是多长? [35] 答: 公司与苹果的合作已经正式上线,iPhone用户只要更新到iOS 18就可以在Apple Pay结账流程中看到Affirm的支付选项。这是一个非常重要的分销渠道,但公司和苹果的合作还处于初期阶段,未来还有很大的发展空间。 [36][37] 在英国市场的拓展计划 问: 公司计划在今年晚些时候进入英国市场,英国用户的使用体验是否与美国用户一致? [38] 答: 公司确实计划今年内正式进入英国市场,将复制在美国的成功经验。但具体的产品可用性和商户合作情况还需要在实际运营中进一步摸索和学习。进入新市场需要大量定制化工作,需要与各方利益相关方建立良好关系。 [39][40][42][43] 成为主流支付方式的愿景 问: 公司何时能像Visa、American Express那样在商户门店前窗口展示自己的品牌标识? [44] 答: 从公司创立之初,创始人就有建立支付网络的宏大愿景。公司的目标是成为每一笔交易中不可或缺的一部分。虽然目前还需要一定时间,但这直接体现了公司的长期战略目标。 [45][46][47]

In recent years, high short-interest stocks have become the playground for retail traders and investors, leading to massive rallies and squeezes. These speculative names, driven by a combination of social media buzz and perceived market inefficiencies, showcase extreme volatility, providing traders with an opportunity to profit from short squeezes. As the market hovers around all-time highs following the Federal Reserve's 50bps rate cut, capital inflows, and bullish sentiment might encourage investors to ta ...

In the latest market close, Affirm Holdings (AFRM) reached $41.16, with a -1.15% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.13%. Elsewhere, the Dow gained 0.33%, while the tech-heavy Nasdaq lost 0.39%.Coming into today, shares of the operator of digital commerce platform had lost 0.05% in the past month. In that same time, the Business Services sector gained 4.62%, while the S&P 500 gained 2.43%.Analysts and investors alike will be keeping a clos ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, September 25th:Orange County Bancorp, Inc. (OBT) : This commercial and consumer banking company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.9% over the last 60 days.Orange County’s shares gained 21.6% over the last three months compared with the S&P 500’s advance of 5%. The company possesses a Momentum Score  of A.Affirm Holdings, Inc. (AFRM) ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:SK Telecom Co., Ltd (SKM) : This wireless telecommunication services company has seen the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days.Orange County Bancorp, Inc. (OBT) : This commercial and consumer banking company has seen the Zacks Consensus Estimate for its current year earnings increasing 9.9% over the last 60 days.Affirm Holdings, Inc. (AFRM) : This payment network company seen the Z ...

文章核心观点 - Affirm是一家提供买现付后(BNPL)服务的金融科技公司,经历了快速增长后面临宏观和竞争挑战 [1] - 公司的活跃商户、活跃客户、每活跃客户交易量和总商品交易额(GMV)在2021和2022财年大幅增长,但2023财年增速放缓 [2][3][4] - 公司的GMV和收入增长在2024财年再次加速,主要得益于新的商户合作、Affirm Card的采用增加以及宏观环境改善 [5] - 公司正在通过裁员、控制支出和使用人工智能等方式来改善盈利能力,预计2025财年实现正营业利润,2026财年转为盈利 [6][7] - 公司的贷款质量良好,逾期率较低,分散了"次贷"风险的担忧 [8] 行业分析 - BNPL服务为年轻和低收入消费者提供了一种吸引的支付选择,相比信用卡收费更低 [2] - 公司在Shopify电商平台的整合带来了大量新商户 [3] - 公司面临来自Block的Afterpay和PayPal的Pay in 4等其他BNPL平台的激烈竞争 [4] 公司分析 - 公司在2023财年增速放缓,但在2024财年实现了反弹和加速增长 [4][5] - 公司正在通过裁员、成本控制和使用AI等方式来改善盈利能力,预计未来几年可实现扭亏为盈 [6][7] - 公司的贷款质量良好,逾期率较低,分散了"次贷"风险的担忧 [8] - 公司股价目前低于IPO价格,可能是一个被低估的增长机会 [9]

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Affirm Holdings (AFRM) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sys ...

In the latest trading session, Affirm Holdings (AFRM) closed at $44.98, marking a +1.58% move from the previous day. The stock lagged the S&P 500's daily gain of 1.7%. Elsewhere, the Dow gained 1.26%, while the tech-heavy Nasdaq added 2.51%.Heading into today, shares of the operator of digital commerce platform had gained 48.84% over the past month, outpacing the Business Services sector's gain of 6.45% and the S&P 500's gain of 1.27% in that time.The investment community will be closely monitoring the perf ...

I rate Affirm Holdings (NASDAQ: AFRM ) as a Hold. Affirm has a lot of upside potential, especially in the short term. With decreasing interest rates in the US, ongoing product innovation, and the expanding market for BNPL, Affirm is in a strong position to sustainAnalyst of financial markets in Wood&Company, one of the biggest investment companies in EU, popular investor on social investing platform eToro and founder of investment and financial website - akcie.skAnalyst’s Disclosure: I/we have no stock, opt ...