Square (SQ) Could Become the Digital JP Morgan - Mizuho Securities
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'Like Buying J.P. Morgan in 1871': Square's (SQ) Cash App on Way to Become a Future Money Center Bank - Mizuho
July 15, 2021 10:23 AM EDTMizuho analyst Dan Dolev reiterated his Buy rating on Square (NASDAQ: SQ) as he believes the companys flagship product Cash App is en route to becoming the ultimate neo-bank and the money center bank of the future.
We view Cash App as the ultimate challenger bank. Our detailed build of potential products shows a clear path from Cash App's current $40-50 average revenue per user (ARPU) to $150-200 over the coming years... More
