hapabapa/iStock Editorial via Getty Images Investment Thesis The previously highly valued private fintech company Klarna Group plc ( KLAR ) went public in 2025, and the initial market reaction could not be described as pleasant for pre-IPO shareholders. However, the significant plummet in Klarna's stock since its IPO presents an attractive risk-versus-reward case at the current valuation. The inve...
hapabapa/iStock Editorial via Getty Images Investment Thesis The previously highly valued private fintech company Klarna Group plc ( KLAR ) went public in 2025, and the initial market reaction could not be described as pleasant for pre-IPO shareholders. However, the significant plummet in Klarna's stock since its IPO presents an attractive risk-versus-reward case at the current valuation. The investment thesis consists of three core pillars, most of which the market currently ignores despite multiple data points already showing Klarna's ability to act on these opportunities. Firstly, Klarna operates in 26 markets, representing $19 trillion in retail spending. Even when limiting the market potential to Klarna's already existing TAM, Klarna's take rate of 2.8% as of Q4 2025, implies $532 billion of potential revenue. This highlights how huge Klarna's TAM is, as only small market share increases are equivalent to explosive growth. Secondly, Klarna is on a mission to not only add new users but also to convert current basic BNPL customers to banking customers. Succeeding in transforming only a fraction of their 118 million active users would explode Klarna's ARPAC due to substantially higher revenue per banking user. Lastly, I believe Klarna has yet to show its true operating leverage, as the company will continue to implement AI in its mission to become even more efficient. Klarna's current AI implementation has already exploded revenue per employee by reducing headcount, which in theory funnels future revenue straight to the bottom line. In addition to previous points, the market is currently punishing Klarna for what many would consider the result of a conservative accounting method, which heavily impacted Klarna's margins. As the market starts to view Klarna's path to profitability as more achievable and robust, as well as move past the recent accounting illusion depicted in Klarna's Q4, the stock should start its path towards IPO levels yet again. Revenue growth and...
JHVEPhoto/iStock Editorial via Getty Images After having attended the Investment Outlook 2026 conference this week hosted by Bloomberg Adria , a regional European segment of the Bloomberg brand, my focus in today's article is European and global banking. While I heard about financial market trends from various panel discussions and met with folks from various regional European fund managers, insur...
JHVEPhoto/iStock Editorial via Getty Images After having attended the Investment Outlook 2026 conference this week hosted by Bloomberg Adria , a regional European segment of the Bloomberg brand, my focus in today's article is European and global banking. While I heard about financial market trends from various panel discussions and met with folks from various regional European fund managers, insurers, banks, conglomerates, and industry, as an American, I thought to myself, perhaps my readers can think more about what portfolio exposure to European banks could mean for you in 2026, and so today I'm writing about a bank that wasn't at the conference, UK-based Barclays ( BCS ), as it deserves some attention too. Barclays has actually been one of my best-performing buy ratings on this website, up around +152% since my buy rating in July 2023 . Now, nearly 3 years since then and when I began writing for this platform, this stock is due for a follow-up. At the time, I loved that they passed their bank stress test and also seemed undervalued. While Barclays trades directly on the London Stock Exchange, US investors who don't have brokerage access to trade on that exchange can still trade the US ADR and still get the benefit of the semi-annual dividend . In this follow-up, I explored some points from the early-February earnings results and also reviewed this bank across 8 different fundamental and technical categories for an even more holistic view than my initial coverage. Thesis Summary Based on my updated research, I'm reaffirming my prior buy rating from a few years ago and agreeing with the overwhelmingly bullish rating consensus as of Friday's close. Here is my rating worksheet and how I scored each section: Barclays - rating worksheet (author) My updated thesis argues that despite some macro headwinds lately, what really shines with this bank is convincing performance vs similar bank peers, growth through new lending and acquisitions, strong margins, A-level credit r...
A flag flutters near a banner depicting U.S. President Donald Trump during a "No Kings" protest against U.S. President Donald Trump's policies, in Washington, D.C., U.S., October 18, 2025. Kylie Cooper | Reuters Thousands of rallies are expected across the U.S. on Saturday as part of the latest "No Kings" protest against the policies of President Donald Trump and his administration. Organizers sai...
A flag flutters near a banner depicting U.S. President Donald Trump during a "No Kings" protest against U.S. President Donald Trump's policies, in Washington, D.C., U.S., October 18, 2025. Kylie Cooper | Reuters Thousands of rallies are expected across the U.S. on Saturday as part of the latest "No Kings" protest against the policies of President Donald Trump and his administration. Organizers said more than 3,200 events are planned in all 50 states for what they hope could be the largest single-day nonviolent protest in U.S. history. The two previous No Kings events attracted millions of participants. Flagship rallies will take place in New York, Los Angeles, Washington, D.C., and Minnesota's Twin Cities, but two-thirds of participants are expected from outside major city centers, a nearly 40% jump for smaller communities from the movement's first mobilization last June, organizers said. "The defining story of this Saturday's mobilization is not just how many people are protesting, but where they are protesting," said Leah Greenberg, co-founder of Indivisible, the group that started the No Kings movement last year and led planning of Saturday's events. With midterm elections later this year in the U.S., organizers say they've seen a surge in the number of people organizing events and registering to participate in deeply Republican states such as Idaho, Wyoming, Montana and Utah. Competitive suburban areas that have helped decide national elections are seeing "huge" increases in interest, Greenberg said, citing Pennsylvania's Bucks and Delaware counties, East Cobb and Forsyth in Georgia, and Scottsdale and Chandler in Arizona as examples. "Voters who decide elections, the people who do the door knocking and the voter registration and all of the work of turning protests into power, they are taking to the streets right now, and they are furious," she said. In a statement, White House spokeswoman Abigail Jackson dismissed the rallies as "Trump Derangement Therapy Sessi...
Together Alliance march begins in central London at midday; a separate event organised by the Palestine Coalition is also taking place The Metropolitan police have said there will be a “significant policing presence” in Westminster on Saturday with a number of large protests expected. In addition to the marches organised by the Together Alliance and the Palestine Coalition, a number of protests ag...
Together Alliance march begins in central London at midday; a separate event organised by the Palestine Coalition is also taking place The Metropolitan police have said there will be a “significant policing presence” in Westminster on Saturday with a number of large protests expected. In addition to the marches organised by the Together Alliance and the Palestine Coalition, a number of protests against the Iranian regime – both static assemblies and marches – are due to take place in the Westminster area on both Saturday and Sunday. Continue reading...
Attendees stand on the banks of Lake Como during the Ambrosetti Forum in Cernobbio, Italy, on Saturday, Sept. 7, 2019. The 45th annual forum is titled "Intelligence On The World, Europe And Italy".
Attendees stand on the banks of Lake Como during the Ambrosetti Forum in Cernobbio, Italy, on Saturday, Sept. 7, 2019. The 45th annual forum is titled "Intelligence On The World, Europe And Italy".