Key insights
- PayPal surged 3% on
Shares of PayPal Holdings Inc. (NASDAQ: PYPL) rose 3% following the announcement of a strategic partnership with Meta Platforms Inc. (NASDAQ: META). The payment processor revealed it will enable customers to shop and check out using Meta’s Muse personal AI agents across PayPal’s global merchant network.
The collaboration aims to seamlessly integrate AI-powered shopping capabilities with PayPal’s payment infrastructure. By bridging these platforms, users will be able to leverage Meta’s advanced AI technology for commerce transactions while retaining PayPal as their designated payment method.
The aggressive capital reallocation toward AI-positioned tech stocks triggered steep declines across wealth management and financial services. Charles Schwab Corp. (SCHW) led the downward spiral among major financial stocks, sinking 6.7% as selling pressure intensified during the session.
Charles Schwab Corp. (SCHW): -6.7% (steepest drop among major financials)
Allstate Corp.: -5.0%
Raymond James Financial Inc.: -4.5%
Ameriprise Financial Inc.: -3.8%
Progressive Corp.: -3.2%
State Street Corp.: -3.2%
Brown & Brown Inc.: -3.1%
Major banking institutions were also unable to escape the broader sector selloff. Morgan Stanley (NYSE: MS) declined 3.5%, Bank of America (NYSE: BAC) fell 3.4%, and JPMorgan Chase & Co. slid 3.0%. Northern Trust Corp. rounded out the notable banking decliners with a 2.7% drop.
Our Fair Value model runs 17 proven valuation methods on BAC and returns one number: what the stock is worth today, and how far the current price sits from it.Same calculation on thousands of other stocks — so you can see instantly whether BAC is the best value on the table, or whether something cheaper is hiding in plain sight.