peekpublishersTLDR:
- Investing in fintech stocks can help turn a six-figure portfolio into a seven-figure portfolio
- Visa, American Express, and SoFi are three fintech stocks set to make millionaires
According to the article, Visa (V) is a leader in the credit and debit card industry with impressive profit margins. The company reported $8.6 billion in Q1 FY24 revenue and has seen a 9% year-over-year improvement. Visa recently increased its quarterly dividend by 15.6%, indicating potential growth for long-term investors.
American Express (AXP) is positioned as one of the best dividend growth stocks on the market. The company has experienced a 17% dividend hike and offers a combination of stock appreciation, dividend growth, and financial strength. With an 11% year-over-year revenue increase and a 23% rise in net income reported in Q4 2023, American Express is showing promising growth potential.
SoFi (SOFI) is an up-and-coming fintech stock that has shown volatility since its IPO. Despite this, the firm reported 35% year-over-year revenue growth in Q4 2023 and shifted to profitability, attracting investors with potential gains. SoFi has seen consistent revenue growth and an increase in membership, with 7.5 million members added thanks to an additional 585,000 people joining in the fourth quarter.
Overall, diversifying a portfolio with fintech stocks like Visa, American Express, and SoFi could lead to substantial financial gains and potentially turn a six-figure portfolio into a seven-figure portfolio.
