Banking app Dave, back from the brink, is this year's biggest gainer among financials with 934% surge

Published On Dec 20, 2024, 12:30 PM

Fintech company Dave has seen a remarkable recovery, with a 934% surge in its stock price this year, establishing itself as the top gainer among U.S. financial stocks. Once struggling, Dave turned profitable and has consistently exceeded Wall Street expectations. Analysts predict continued potential in fintech firms like Dave and Robinhood as they improve their profitability and manage expenses efficiently, especially with an easing regulatory environment and supportive market conditions. With rising interest in alternative financial services, these companies could further benefit.