Shares of financial services companies are trading lower as surging oil prices and Treasury yields weigh on sentiment, with the 10-year U.S. Treasury yield climbing to its highest level since January 2025. Rising yields and energy prices have fueled inflation concerns, reinforcing expectations that interest rates will remain elevated and raising concerns about slower loan demand and economic growth.

Truist Securities Maintains Buy on Affirm Holdings, Raises Price Target to $85

Affirm Holdings shares are trading higher after Scotiabank initiated coverage on the stock with an Outperform rating and announced a $95 price target.

Scotiabank Initiates Coverage On Affirm Holdings with Sector Outperform Rating, Announces Price Target of $95

Sezzle Grows Merchant Network: Can New Brands Drive Wider Adoption?

Sezzle has expanded its merchant network by adding Gymshark, Debenhams Group, and Follett Higher Education, gaining access to 7.5 million students and diverse consumer segments. The company reported strong Q2 2026 results with active subscribers up 76.4% year-over-year, purchase frequency at 7.2 times, and gross merchandise volume rising 37.9% to $1.3 billion. Competitors Block and Affirm are also expanding their BNPL networks internationally.

Scotiabank Initiates Coverage On Chime Financial with Sector Outperform Rating, Announces Price Target of $40

Chime Expands Trump Account Commitment With $250 Contributions For Employees’ Children