Zip's (ASX:ZIP) fundamentals remained "solid," and the stock is attractive despite a US inquiry and President Trump's proposed 10% credit card rate cap, according to a Tuesday report by the Australian Financial Review, citing UBS.
UBS expects the company's bad debts to stabilize at 1.63% in the first half of the year, the report said.
The firm also expects the company to earn fiscal first-half portfolio income of AU$669 million and cash earnings before interest, taxes, depreciation, and amortization of AU$$128 million.
Shares of the company fell 2% at market close.
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