FICO Surges on New Revenue Model Impacting Credit Bureaus

24 days ago

Carol Masser

"Fair Isaac, you know the ticker FICO, F-I-C-O, that one up as much as 32% in today's session, finishing with a gain of just shy of 18%. This surging number one gainer in the S&P 500 after saying it will now sell credit scores directly to mortgage resellers."

FICO is experiencing a strong intraday rally driven by its new initiative to sell credit scores directly to mortgage resellers, which has also put pressure on traditional credit bureaus like Equifax and TransUnion.

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