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FinTech Strategy: Many companies reported an acceleration in revenues and margins

AXA Investment Managers

10 Sep, 2020

About this article

Global equity markets performed well in August, most notably driven by large technology stocks that continued to deliver better earnings than investors had expected. Many companies in the fintech space also benefited from the Covid-19 crisis and reported an acceleration in revenues and margins. The valuation gap between value and growth stocks continued to widen in August as investors continued to shun negative earnings momentum stocks and focused on Covid-19 "winners".
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