Zip Co Ltd (ASX:ZIP) provides customers with a revolving line of credit to finance their retail purchase with its brands of Zip Pay, Zip Money and Pocketbook. It is one of the largest Buy Now, Pay Later (BNPL) providers in Australia. Some of its largest clients include Bunnings Warehouse, Appliances Online, EB Games and Officeworks. Zip Co shares once traded under the ‘Z1P’ ticker symbol but have since changed to ‘ZIP’ (the old Ziptel ASX ticker symbol).
Buy-now-pay-later leader Afterpay Ltd (ASX: APT) has reported a widening net loss of $159.4 million despite growing sales 90% in FY21.
The Zip Co Ltd (ASX:Z1P) share price is down despite the buy now, pay later business revealing a lot of growth in its FY21 result.
Latitude Group Holdings Ltd (ASX: LFS) has provided its first set for half-year results to the market with cash net profit after tax up 81%.
Despite stellar headline numbers, a closer look at Commonwealth Bank of Australia (ASX: CBA) reveals stagnating revenues and profits.
The Zip Co Ltd (ASX:Z1P) share price could be put under pressure with Klarna’s latest plans to capture market share in Australia.
The S&P/ASX 200 (ASX: XJO) charged 2% higher for the week while all three US benchmarks recorded weekly gains. Here are my key takeaways.
The S&P/ASX 200 (ASX:XJO) overcame another 8% fall in the iron ore price to deliver a 0.4% gain on Friday as REA (ASX:REA) reported results.
The S&P/ASX 200 (ASX:XJO) spent most of Tuesday clawing back from early losses. The Afterpay (ASX:APT) share price continues to surge.
With Afterpay (ASX: APT) set to be acquired by payments giant Square Inc (NASDAQ: SQ), where does this leave Zip Co Ltd (ASX: Z1P)?
