Fintech Stocks React to Election News and Earnings Expectations
On October 5, 2026, four fintech stocks made notable moves, with XP Inc. (NASDAQ:XP) leading the charge. The Brazilian brokerage surged 30.9% to $28.15, driven by political developments rather than corporate news. The first round of Brazil's presidential election favored Flavio Bolsonaro over Luiz Inacio Lula da Silva, sparking a rally in local markets and boosting investor confidence.
Nu Holdings (NYSE:NU), a digital bank with 139 million customers, rose about 13% to near $15.18. The company reported strong second-quarter earnings, with net income up 49% to $1.1 billion. However, its performance is closely tied to the upcoming October 25 runoff election, which could impact its gains.
Visa (NYSE:V) saw a modest 2.5% increase, with no clear catalyst behind the move. The payments giant reported steady fiscal third-quarter results, including net revenue of $11.633 billion and net income of $5.628 billion. Visa's earnings are set to be released on October 27, 2026.
SoFi Technologies (NASDAQ:SOFI) experienced a slight 0.95% rise to $15.92. The company's June quarter revenue grew 11.6% to $1.571 billion, but net income slipped compared to the previous quarter. SoFi's earnings are also scheduled for October 27, with analyst estimates near $0.17 per share.