PayPal's bank application highlights new regulatory and lending potential

about 1 month ago

Natalyia Kenyan Javich

"Okay. Uh one more. >> PayPal. The ticker is uh PYPL. The shares are up by almost uh 2%. Now uh this comes as the company applied to become a bank in the United States. Uh for some analysts this move is logical because PayPal is already participating in the lending business and some other analysts are just citing a favorable regulatory environment. However, the timeline is uncertain. So to some analysts it could take several [music] years."

PayPal (ticker PYPL) experienced a modest rise of nearly 2% as it applied for a banking charter in the United States. Analysts view the move positively due to PayPal's existing lending activities and a favorable regulatory backdrop, though there is uncertainty regarding the timeline, with some suggesting it could take several years to materialize.

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