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Previous Newsletters
Unemployment Holds at 1MM; CO Settles True Lender Litigation; AmEx Acquires Kabbage
by Tito Donis | Aug 24, 2020
Greetings,Lots to cover this week. We touch on the (1) latest American unemployment data and a record monthly jump (25%) in existing home sales; (2) we recap 2nd quarter earnings; (3) we review a big industry result - the settlement of “true lender” litigation in...
Unemployment Below 1MM; GSKY Earnings; Product Moves by GS, FB, SQ
by Tito Donis | Aug 17, 2020
Greetings, This week, we cover the (1) latest unemployment data and our in-house forbearance analysis; (2) GreenSky’s earnings; (3) and moves by Square, Goldman Sachs, and Facebook in the consumer lending sector. Let’s get to it. -------- Unemployment Claims Below 1MM...
Unemployment Checks and Rolls; GDOT, LC and SQ Earnings; Rocket IPO
by Tito Donis | Aug 10, 2020
Greetings,Heading into the dog days of summer, we cover (1) the latest news on unemployment rolls and the pare back of stimulus; (2) takeaways from Green Dot, LendingClub and Square earnings; and, (3) the latest from public markets (Rocket’s IPO, and Kabbage’s...
Earnings Highlights; Forbearance-to-Cure Data; Enova to Acquire OnDeck
by Vy Phan | Aug 3, 2020
Greetings, This week, we look at the (1) US’ record-setting second quarter GDP, (2) hardship program performance at the public and FinTech lenders we track; and (3) the closing of an era, as pioneer OnDeck is acquired by Enova, (4) ‘contactless’ product...
COVID-19 Cools Recovery; Synchrony and Amex Cure Rate Head-to-Head
by Tito Donis | Jul 27, 2020
Greetings,We’re back to our regularly scheduled programming this week.This week, we:(1) dive into the sputtering economic recovery as COVID-19 infection rates push states to close down (again) and Congress debates another round of stimulus;(2) examine Q2 earnings at...
Bank Earnings Highlights; GS vs. MS Grudge Match; nCino IPO
by Tito Donis | Jul 20, 2020
Greetings,This week, we dig into (1) 2Q earnings season, (2) we look back at GS and MS over the last few years and trace lessons learned; and (3) we discuss investors’ insatiable appetite for the balance-sheet-light tech firms powering the next generation of...
LendingClub launches LCX; SoFi Charter; OnDeck Latest; nCino & Marqueta IPO
by Tito Donis | Jul 13, 2020
Greetings,Welcome back from the July 4th holiday break!Lots to cover this week, from (1) the latest unemployment and COVID-19 data to (2) moves by industry stalwarts SoFi and LendingClub. Plus, we cover the (3) upcoming IPO of nCino and the (4) IPO prep from...
More V-Shape Data; PPP Extends; Fed Stress Tests
by Tito Donis | Jul 6, 2020
Greetings,Here at PeerIQ, we would like to wish everyone a safe and enjoyable 4th of July weekend. We will resume our regular programming next week.In the News:U.S. Added Nearly 5 Million Jobs in June (NY Times, 7/2/2020) The U.S. economy added 4.8MM jobs in June,...
Cross River PPP Success; Economy and COVID-19 on V-Shape?; Mastercard’s Response to Visa
by Tito Donis | Jun 29, 2020
Greetings,This week, we open with a few highlights on the successes of digital-first finance, and growing calls for regulation to keep up; zoom out to discuss macroeconomic news of the week; and end with the latest product and financing news from our industry.Let’s...
Cross River Payments Partnership; Upgrade Financing; Quick(en) Route to an IPO
by Tito Donis | Jun 22, 2020
Greetings,This week, we dig into the May sales data surprise and consumer borrower behavior; highlight acceleration in digital-first financial services; and discuss the fundraising announcements showing that investor demand for FinTech continues.Let’s get to it.On the...