Block leads rebound in fintech stocks as analysts downplay JPMorgan data fee risk
1. Fintech shares rose, including PayPal, amid JPMorgan fee concerns. 2. Analysts deem JPMorgan's potential costs as negligible for large firms. 3. PayPal relies on long-term contracts, minimizing anticipated short-term impacts. 4. Crypto markets rallied, boosting broader fintech market sentiment. 5. Smaller fintechs could face pressure, unlike larger platforms like PayPal.