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Fintech stocks PayPal, Affirm, and SoFi rally as investors buy oversold shares amid sector pressure.

Market News
13 Apr 2026
24/7 Wall Street
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Bullish
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PayPal, Affirm, and SoFi Technologies stocks rose sharply on Monday, rebounding from significant year-to-date declines of 22%, 35%, and 38% respectively. The fintech sector has faced heavy selling in 2026 due to macroeconomic uncertainty and credit risk concerns, but Monday's gains suggest investors see current prices as attractive entry points. PayPal is focusing on new growth initiatives, Affirm shows strong merchandise volume growth despite credit risks, and SoFi benefits from its digital banking model. While the rally may be a short-term bounce, it indicates potential for recovery if buyers maintain conviction.

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