Block leads rebound in fintech stocks as analysts downplay JPMorgan data fee risk

▤ Summary

Block and other fintech stocks rose after analysts said JPMorgan Chase's reported data-access fees would likely have only a limited impact. The report focused on pricing sheets for data aggregators such as Plaid and Yodlee that connect fintech apps to bank accounts. Analysts argued the added cost would be small for large players like Block and PayPal, though smaller fintechs that rely heavily on ACH and open banking could feel more pressure. The move also came amid broad market strength and a crypto rally that helped lift fintech shares.

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