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.

Citizens Reiterates Market Outperform on Affirm Holdings, Maintains $85 Price Target

Citizens analyst David Scharf reiterates Affirm Holdings (NASDAQ:AFRM) with a Market Outperform and maintains $85 price target.

Affirm Holdings (AFRM) Rises As Market Takes a Dip: Key Facts

Affirm Holdings (AFRM) closed at $73.55, up 2.95% on the day, outperforming the broader market decline. The company is expected to report EPS of $0.34 (up 47.83% YoY) and revenue of $1.21 billion (up 29.95% YoY). However, full-year earnings are projected to decline 66.18% YoY. AFRM trades at a Forward P/E of 38.13, significantly above its industry average of 19.75, and carries a Zacks Rank #3 (Hold) rating.

This Coinbase Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Monday

Analysts upgraded Coinbase, 4D Molecular Therapeutics, Affirm, Chime Financial and Bullish, raising ratings and price targets.

Wolfe Research Upgrades Affirm Holdings to Outperform, Announces $90 Price Target

Wolfe Research analyst Darrin Peller upgrades Affirm Holdings (NASDAQ:AFRM) from Peer Perform to Outperform and announces $90 price target.

Shares of financial companies are trading lower amid overall market weakness after Fed Chairman Warsh took a hawkish tone in his press conference and Q&A session after the FOMC rate hike.

Goldman Sachs Maintains Buy on Chime Financial, Raises Price Target to $37

Goldman Sachs analyst Will Nance maintains Chime Financial (NASDAQ:CHYM) with a Buy and raises the price target from $33 to $37.