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2 Stocks We're Watching Right Now

By Motley Fool Staff – May 3, 2019 at 9:20AM

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Here’s a fintech powerhouse and a socially responsible bank we’re keeping an eye on ahead of earnings.

Earnings season is well underway, but some of our favorite financial sector companies are yet to report their latest results. In this week's One to Watch, Motley Fool contributor Matt Frankel, CFP talks about why Square's (SQ 11.89%) upcoming earnings are worth paying attention to, and host Jason Moser talks about why Amalgamated Bank (AMAL 1.78%) is on his radar ahead of the company's first-quarter results.

To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. A full transcript follows the video.

This video was recorded on April 29, 2019.

Jason Moser: It's time for One to Watch. Let's give our listeners a stock on our radar here for the coming week. What is your One to Watch this week?

Matt Frankel: I'm watching my favorite person-to-person payments stock, Square.

Moser: I've heard of them.

Frankel: They're a payment processor. The Cash app is, in my opinion, by far their biggest long-term opportunity. People like Jason's daughters are going to make Square rich over the years. Square is reporting earnings in this coming week, so I'm curious to see how their first quarter went and how their Cash app's doing. If you remember, last year, the number of active users more than doubled. I want to see if this trend is continuing. I don't expect to get any hard numbers on the Cash users until the end of 2019, but Square's always an exciting report. A bad quarter, they grow 30%. [laughs] It's always interesting to see what they're going to report.

Moser: Yeah, I agree. I am going to be watching Amalgamated Bank. Earnings come out on Tuesday. Listeners will remember, we had CEO Keith Mestrich on the show here a few weeks back. Really fun interview, a good interview. Remember, they're the ones that are building America's socially responsible bank. I think Keith gave us a lot of great insight as to how they're doing that and why they're doing it. For me, really, I'm just looking forward to checking in, seeing how the bank is growing, building up their assets and deposits, see if there's any perspective on the current interest rate environment, any new lines of business or customers that are really buying into that vision of a socially responsible bank. I have a feeling that'll be a message that resonates with a lot of folks here in the coming years and decades. So, yeah, Amalgamated Bank, definitely one I've got on my personal watch list, and one I'm looking forward to checking out tomorrow when those earnings come out.

Jason Moser owns shares of Square. Matthew Frankel, CFP owns shares of Square. The Motley Fool owns shares of and recommends Square. The Motley Fool has a disclosure policy.

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Stocks Mentioned

Block, Inc. Stock Quote
Block, Inc.
SQ
$62.41 (11.89%) $6.63
Amalgamated Bank Stock Quote
Amalgamated Bank
AMAL
$23.39 (1.78%) $0.41

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