These fintech stocks could be big winners from Trump's 'populism' push, according to Citi
Analysts say fintech stocks look like prime beneficiaries of a changing regulatory environment and Trump's 'affordability' initiatives. SoFi could benefit from shifts in the lending market and a healthier U.S. consumer, Citi analysts say.As President Donald Trump talks up his themes of populism, investors can benefit - but they've been seeking out stock opportunities in the wrong places, according to Citi analysts."Traders have been looking for potential beneficiaries, even relative ones, in consumer stocks, but we think investors may be missing a more interesting opportunity in fintech," or financial technology, wrote a team of analysts led by Drew Petitt.Whether Trump's various "affordability" pushes prove successful is an open question. But if "populism" measures like a proposed one-year cap on credit-card interest rates and limits on institutional home purchases actually leave Americans with more spending power, it's not just retailers that would win, the Citi team said. The analys
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