Stripe and PayPal Show Strong Growth, Lifting Fintech Stocks
• PayPal stock up 4% after CFO comments on strong transaction margin growth and interest income
• Block stock hits 52-week high, lifting fintech stocks broadly
• Stripe saw payment volume jump 25% in 2022 to over $1 trillion
• Stripe was robustly cash flow positive in 2022 and expects the same in 2023
• Unclear if Stripe's gains come at the expense of competitors like PayPal and Block