AFRM

Up more than its brokers & fintech peers

• AFRM +4.02% on the last session vs SPY +0.10%: +3.9 pts of stock-specific move.
• More than its group: its brokers & fintech peers +1.4% (+1.2 pts vs SPY).
• Market backdrop (Today): Core PPI m/m 1.3% vs 0.3% expected (hotter); Core Retail Sales m/m 0.9% vs 0.6% expected (stronger); S&P futures -0.08%, 10-year yield -3bp in the 30 minutes after.