Market Chatter: Zip's Fundamentals 'Solid' Amid US Inquiry, Proposed Rate Caps UBS Says

MT Newswires Live
Jan 20

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.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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