FinWise Stock (NASDAQ:FINW), Trade Ideas

FinWise

FinWise Bancorp is an independent bank that provides a full range of banking services to individual and corporate customers. The bank's primary source of revenue is from loans including Small Business Administration, commercial, commercial real estate, residential real estate, and consumer. The Bank also has established Strategic Programs with various third-party loan origination platforms that use technology to streamline the origination of unsecured consumer and secured or unsecured business loans to borrowers within certain approved credit profiles.

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Gainers


	Greenland Technologies Holding Corporation  (NASDAQ: GTEC) shares surged 90.2% to close at $9.89 on Friday. Greenland Technologies highlighted the launch of second electric industrial vehicle line: GEL-1800 Front Loader.


52 Biggest Movers From Friday

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Wedbush analyst David Chiaverini reiterates Cullen/Frost Bankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFR#NYSE">CFR</a>) with a Neutral and maintains $115 price target.

Price Target

Reiteration

Analyst Ratings

Wedbush Reiterates Neutral on Cullen/Frost Bankers, Maintains $115 Price Target

Susquehanna analyst Charles Minervino maintains Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) with a Positive and lowers the price target from $110 to $105.

Susquehanna Maintains Positive on Textron, Lowers Price Target to $105

Former President Donald Trump was ordered to pay <a href="https://www.benzinga.com/news/24/02/37382129/trumps-appeal-against-450m-judgment-collection-rejected-by-ny-judge-former-presidents-properties-at">$355 million in penalties</a> for fraud charges and profits on the sale of different assets.&nbsp;
The penalties have been accumulating interest at a rate of 9% per year and have snowballed to current liabilities above $450 million. The fine is growing at a rate of <a href="https://www.benzinga.com/news/24/02/37235445/donald-trumps-unpaid-355m-fine-accumulates-2-6m-in-interest-every-month-judge-rules">$2.6 million per month</a>. The penalties have put Trump at risk of the court seizing his assets.&nbsp;
With a costly presidential campaign and high levels of financial scrutiny, Trump's ability to repay the fine is questionable, and many wonder whether he will be able to pay it back at all.&nbsp;
Don't Miss:
<ul>
<li>If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,<a href="https://www.benzinga.com/money/etoro-doge"> here&#8217;s how much you&#8217;d have today</a>.</li>
<li>Bitcoin has jumped another 45% already this year &#8211;<a href="https://www.benzinga.com/money/kraken"> how much would you need to get started today?</a></li>
</ul>
But Trump's crypto holdings are not often considered in this ordeal. While the holdings are just a drop in the bucket compared to the amount owed, the potential price appreciation could help Trump pay the penalties.
Trump's crypto portfolio was discovered by Arkham Intelligence, which cross-referenced Trump's financial disclosures with transactions on the blockchain to find his <a href="https://platform.arkhamintelligence.com/explorer/entity/donald-trump">wallet address</a>.&nbsp;
The wallet holds several million dollars in cryptocurrency, most of which is between three different tokens: Ethereum (ETH) Wrapped Ethereum (WETH) and MAGA Coin (TRUMP).
The ETH and WETH were obtained through the Trump Digital Trading Cards non-fungible token (NFT) project. Though Trump was not affiliated with the project, the creators gave him royalties exceeding 1,700 ETH. In December, <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37185916/donald-trump-sold-2-4-million-in-eth-last-month-missed-out-on-500-000-in-potential-profit">Trump sold 1,075 of these ETH tokens</a>, which generated proceeds of $2.4 million.&nbsp;
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Trending: Large boom in cryptocurrency and metaverse interest as BTC skyrockets —<a href="https://www.benzinga.com/money/ceek"> has Apple Vision Pro increased the demand for virtual real estate?</a>
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Regarding potential growth, the roughly 700 ETH Trump has remaining could be worth as much as $7 million by the end of 2025, based on a <a href="https://www.benzinga.com/money/ethereum-eth-price-predictions">price prediction</a> of $10,000. Trump could also continue to receive cash from NFT projects and royalties in the future.
While ETH could see growth in the coming months and years, Trump could generate much more profit from MAGA Coin (TRUMP). The creators of this token sent Trump 580,000 tokens when the project launched in August. At the time, the tokens were worth a few thousand dollars, but they have since appreciated to over $3 million.&nbsp;
The token could continue to grow if Trump wins the election in November or if he directly endorses the project. Other meme coins, such as dogwifhat (WIF) and Bonk (BONK) have attracted investment to the order of several billion dollars. So, if MAGA Coin were to reach a market cap of $3 billion, similar to WIF, the price would be around $70, and Trump's position would be worth over $40 million.&nbsp;
This is unlikely to happen, as a $3 billion market cap is far from the current level of around $250 million, and numerous events would have to play out for the token to get there.&nbsp;
With that in mind, Trump's crypto dealings have a small chance of providing relief to his financial situation. Because the portfolio is public, anyone can monitor his positions and how much he has in crypto.&nbsp;
Read Next:
<ul>
<li>About 22% of the adult population in the U.S. own a share of Bitcoin,<a href="https://www.benzinga.com/money/kraken"> how much would $10 get you today</a>?</li>
<li>The<a href="https://www.benzinga.com/money/kraken-2"> last-standing top crypto exchange without a major security breach</a> offers what now?</li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Donald Trump's Crypto Investments Could Help Pay Back His $450M In Damages

Susquehanna analyst Mehdi Hosseini maintains Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) with a Positive and raises the price target from $125 to $130.

Susquehanna Maintains Positive on Teradyne, Raises Price Target to $130

Barclays analyst Tim Long maintains Juniper Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>) with a Equal-Weight and raises the price target from $40 to $41.

JNPR

Barclays Maintains Equal-Weight on Juniper Networks, Raises Price Target to $41

In a recent prediction, Strike CEO Jack Mallers has forecasted a potential seven-figure price for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) during the current cycle, driven by efforts to save the bond market.
What Happened: Mallers, the head of Bitcoin&#8217;s Lightning Network wallet Strike, believes that Bitcoin could appreciate between 297% and 1,486% from its current level, Daily Hodl <a href="https://dailyhodl.com/2024/04/26/violent-to-the-upside-this-catalyst-could-see-bitcoin-explode-by-up-to-1486-says-strike-ceo-jack-mallers/">reported</a> on Friday. This prediction is based on the potential loosening of monetary policy in an attempt to save the bond market.
Mallers pointed out that the bond market is facing significant challenges for arguably the first time in modern financial history. He noted that bondholders, including banks, are suffering as the bonds purchased with their deposits are underwater.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38386424/shiba-inu-whale-accumulates-237b-shib-in-one-transaction-much-in-store-for-the-shib-army-v?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Whale Accumulates 237B SHIB In One Transaction: &#8216;Much In Store For The SHIB Army,&#8217; Vows Lead Developer</a>
Mallers suggests that if central banks and governments attempt to salvage the bond market, the required liquidity will send asset prices soaring. 
He stated, &#8220;So if that happens it&#8217;s impossible to speculate on an asset as scarce as Bitcoin. But I think $250,000 to one million is the imagination I have in that range of just how big this can get.&#8221;
He further emphasized that the price of Bitcoin is the &#8220;most accurate key performance indicator (KPI)&#8221; for its adoption. Mallers expects more global adoption of Bitcoin as a monetary unit, which he believes will drive its value &#8220;violent to the upside&#8221; against the dollar and other fiat currencies.
Why It Matters: Earlier, a significant technical indicator had<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38450026/bitcoin-sell-signal-on-12-hour-chart-sparks-concerns-analyst-warns-exercise-caution-given-"> prompted a sell-off signal for Bitcoin</a>, raising concerns among traders and investors. The digital currency was also encountering resistance at the mid-level of a parallel channel.
However, cryptocurrency influencer and analyst Lark Davis also shared a<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38407752/bitcoin-veteran-warns-crypto-bears-you-have-no-idea-how-crazy-this-bull-run-is-about-to-be"> bullish outlook on the Bitcoin </a>market, indicating that the bull run was far from over. He cited several key factors, including a 6.4% surge in large transaction volume to $47.1 billion.
Price Action: According to <a href="https://pro.benzinga.com">Benzinga Pro</a>, Bitcoin was trading at 0.68% lower at $63,855.60.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38441839/crypto-trader-describes-his-technique-to-spot-altcoins-before-a-100x-surge?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto Trader Describes His Technique To &#8216;Spot Altcoins Before A 100X Surge&#8217;</a>
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Analyst Color

General

$BTC

Bitcoin Could Soar Up To $1M, Says Strike CEO Jack Mallers: 'Violent To The Upside'

Susquehanna analyst Charles Minervino maintains RPC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>) with a Neutral and lowers the price target from $8 to $7.

Susquehanna Maintains Neutral on RPC, Lowers Price Target to $7

Barclays analyst Mathieu Robilliard maintains Iridium Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) with a Overweight and raises the price target from $42 to $44.

IRDM

Barclays Maintains Overweight on Iridium Comms, Raises Price Target to $44

Susquehanna analyst Christopher Stathoulopoulos maintains Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) with a Positive and raises the price target from $150 to $160.

Susquehanna Maintains Positive on Royal Caribbean Gr, Raises Price Target to $160

WIIM

Rogers shares are trading higher after the company beat Q1 EPS and sales estimates.

Guidance

HCA Healthcare Exec Says Co Continues To See Good Trends On Contract Labor

Macro Economic Events

Economics

GOOG

GOOGL

MSFT

SAIA

Benzinga Morning Update: Microsoft And Alphabet Gain On Strong Earnings, PCE Comes In Above Estimates, Freight Stocks Continue To Slip

Susquehanna analyst Charles Minervino maintains Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) with a Positive and raises the price target from $540 to $560.

Susquehanna Maintains Positive on Northrop Grumman, Raises Price Target to $560

Barclays analyst Ross Sandler maintains Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) with a Overweight and raises the price target from $15 to $17.

SNAP

Barclays Maintains Overweight on Snap, Raises Price Target to $17

Susquehanna analyst Charles Minervino maintains Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) with a Neutral and lowers the price target from $88 to $79.

Susquehanna Maintains Neutral on Nabors Industries, Lowers Price Target to $79

Susquehanna analyst Bascome Majors maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Neutral and lowers the price target from $165 to $160.

LSTR

Susquehanna Maintains Neutral on Landstar System, Lowers Price Target to $160

Tesla bull Ross Gerber has suggested that the tech sector&#8217;s earnings reports are indicative of <a href="https://www.benzinga.com/news/24/04/38450195/alphabet-ceo-sundar-pichai-lauds-progress-despite-controversies-surrounding-google-gemini-developer">substantial AI infrastructure spending</a>.
What Happened: Gerber took to X, formerly Twitter, on Thursday to express his views on the tech sector&#8217;s earnings reports. He believes that the consistent trend of these reports points towards a significant increase in AI infrastructure spending. He also emphasized the potential benefits for companies involved in AI infrastructure.
Gerber&#8217;s post comes at a time when the tech sector is experiencing a surge in AI-related activities.
This surge is being driven by companies like Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, which have beaten Street consensus estimates in their March 2024 quarter earnings, <a href="https://www.benzinga.com/news/earnings/24/04/38444199/microsoft-q3-earnings-revenue-beat-eps-beat-new-era-of-ai-transformation-and-more">led by AI</a> and <a href="https://www.benzinga.com/news/earnings/24/04/38445001/alphabet-q1-earnings-revenue-beat-eps-beat-70b-buyback-first-ever-dividend-ai-leadership-and-more">cloud computing space</a>.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
"Every earnings report from the tech sector points to lots of infrastructure spending on AI&#8230; Bodes very well for the bricks and mortar companies behind AI."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Every earnings report from the tech sector points to lots of infrastructure spending on AI&#8230; Bodes very well for the bricks and mortar companies behind AI&gt; <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a> <a href="https://twitter.com/search?q=%24SMCI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SMCI</a> <a href="https://twitter.com/search?q=%24DELL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DELL</a> <a href="https://twitter.com/search?q=%24ASML&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ASML</a> <a href="https://twitter.com/search?q=%24META&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$META</a> <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1783565875465056339?ref_src=twsrc%5Etfw">April 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Here&#8217;s how the stocks Gerber recommended have performed in 2024 so far, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>Last trading price (as of last closing)</td>
<td>Returns (year-to-date)</td>
</tr>
<tr>
<td>Nvidia Corp.</td>
<td>$826.32</td>
<td>71.55%</td>
</tr>
<tr>
<td>Super Micro Computer Inc.</td>
<td>$787.40</td>
<td>175.85%</td>
</tr>
<tr>
<td>Dell Technologies Inc.</td>
<td>$124.91</td>
<td>67.01%</td>
</tr>
<tr>
<td>ASML Holding NV</td>
<td>$902.51</td>
<td>25.89%</td>
</tr>
<tr>
<td>Meta Platforms Inc.</td>
<td>$441.38</td>
<td>27.46%</td>
</tr>
<tr>
<td>Tesla Inc.</td>
<td>$170.18</td>
<td>-31.50%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38459459/put-it-in-the-louvre-tech-bull-praises-google-parent-alphabets-major-breakout-quart">&#8216;Put It In The Louvre:&#8217; Tech Bull Praises Google Parent Alphabet&#8217;s &#8216;Major Breakout Quarter,&#8217; Says It Is &#8216;Now In The Party&#8217;</a>
Why It Matters: Gerber&#8217;s tweet is particularly relevant given the recent surge in AI-related activities within the tech sector. Companies like Microsoft have been delivering impressive performances in the AI and cloud computing space,<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38459459/put-it-in-the-louvre-tech-bull-praises-google-parent-alphabets-major-breakout-quart"> as highlighted</a> by Wedbush&#8217;s Dan Ives.
"Mad Money" host Jim Cramer also termed Microsoft and Google's recent quarters "spectacular."
Deepwater Asset Management&#8217;s <a href="https://www.benzinga.com/news/earnings/24/04/38450406/gene-munster-applauds-sundar-pichais-100b-revenue-projection-for-google-parent-alphabet-a-sign-of-e" target="_blank" rel="noreferrer noopener">Gene Munster </a><a href="https://www.benzinga.com/news/earnings/24/04/38450406/gene-munster-applauds-sundar-pichais-100b-revenue-projection-for-google-parent-alphabet-a-sign-of-e" target="_blank" rel="noreferrer noopener">applauded</a> Google&#8217;s $100 billion revenue projection, saying it&#8217;s a sign that the company is &#8220;entering a new growth phase.&#8221;
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38459947/as-us-tightens-screws-on-nvidia-intel-chip-exports-to-china-huaweis-latest-phone-uses-made-in-ch">As US Tightens Screws On Nvidia, Intel Chip Exports To China, Huawei&#8217;s Latest Phone Uses Made-In-China Chipset</a>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Equities

Long Ideas

Tech

ASML

NVDA

SMCI

TSLA

Nvidia, Meta Among Tech Stocks That Stand To Benefit From 'Lots Of Infrastructure Spending On AI,' Says Tesla Bull Ross Gerber

Barclays analyst Dan Levy maintains General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) with a Overweight and raises the price target from $55 to $60.

Barclays Maintains Overweight on General Motors, Raises Price Target to $60

Susquehanna analyst Christopher Rolland maintains Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with a Neutral and lowers the price target from $40 to $35.

INTC

Susquehanna Maintains Neutral on Intel, Lowers Price Target to $35

Barclays analyst Ramsey El-Assal maintains TELUS Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIXT#NYSE">TIXT</a>) with a Equal-Weight and lowers the price target from $12 to $9.

TIXT

Barclays Maintains Equal-Weight on TELUS Intl, Lowers Price Target to $9

FinWise Bancorp (FINW) Q4 2023 Earnings Call Transcript

FinWise Bancorp GAAP EPS of $0.32 beats by $0.03, revenue of $20.41M beats by $0.94M

In a report released today, Andrew Liesch from Piper Sandler maintained a Buy rating on FinWise (FINW – Research Report), with a price target of $1...

Piper Sandler Sticks to Their Buy Rating for FinWise (FINW)

Warning: FINW is at high risk of performing badly

FinWise (FINW) just unveiled an update. FinWise Bancorp has released an investor presentation, which, although provided in accordance with Regulati...

FinWise Bancorp Shares Insights in Investor Presentation

Finwise Bancorp (FINW) is around the top of the Banks - Regional industry according to InvestorsObserver. FINW received an overall rating of 50, which means that it scores higher than 50 percent of all stocks. Finwise Bancorp also achieved a score of 87 in the Banks - Regional industry, putting it above 87 percent of Banks

Is Finwise Bancorp (FINW) a Bad Choice in Banks - Regional Tuesday?

FinWise (FINW) has shared an announcement. FinWise Bancorp has launched a share repurchase program, allowing for the buyback of up to 641,832 share...

FinWise Bancorp Initiates Multi-Year Share Buyback Program

FinWise Bancorp authorizes share buyback program

FinWise Bancorp appoints Noone as President, Wahlman as CFO

An update from FinWise (FINW) is now available. FinWise Bancorp has announced key leadership changes, with James Noone being named the new Presiden...

FinWise Bancorp Announces Executive Leadership Reshuffle

Earnings

Press Releases

FinWise Bancorp Reports Second Quarter 2023 Results

FinWise Bancorp to Host Third Quarter 2023 Webcast and Conference Call on Thursday, October 26, 2023

FinWise Bancorp Reports Third Quarter 2023 Results

FinWise Bancorp to Host Fourth Quarter and Full Year 2023 Webcast and Conference Call on Monday, January 29, 2024

FinWise Bancorp Reports Fourth Quarter and Full Year 2023 Results

Management

FinWise Bancorp Announces Two Senior Leadership Promotions

Earnest and FinWise Bank Announce Strategic Partnership to Support Growing Portfolio of In-School Student Loans

FinWise Bancorp Announces Share Repurchase Program

FinWise Bancorp Appoints Jim Noone President and Hires Robert Wahlman as Chief Financial Officer

FinWise Bancorp to Host First Quarter 2024 Webcast and Conference Call on Monday, April 29, 2024