1. Goldman Sachs BDC reduced its base dividend by 29% due to high non-accruals and decreased net investment income, affecting income-dependent investors. 2. Despite the dividend cut, GSBD remains attractive due to its discount to NAV and potential for performance improvement. 3. GSBD's portfolio is highly collateralized with 97% First Lien investments, but higher non-accruals pose risks to net asset value and income. 4. The private credit market offers long-term growth opportunities, and GSBD could re-rate upward if it lowers its non-accrual ratio.

1. OppFi Inc. targets underserved populations with financial products, showing impressive net income growth and operational efficiency improvements in Q3 FY2024; 2. Despite a slight revenue growth, OPFI's net income surged by 106.4% YoY, driven by cost management and improved credit quality; 3. The author believes that with a net adjusted margin of 15-20% on consensus revenue, OPFI stock could double from today's $15-16 per share.

1. Nu Holdings' shares have dropped 20%, presenting a potential investment opportunity despite Brazil's economic challenges. 2. CEO David Velez emphasizes Nu's strong market position in Brazil and outlines expansion plans. 3. Nu's entry into the Brazilian telecom sector with a revenue-sharing model with Claro reduces operational risks and leverages its customer base.

1. Nu Holdings faces macroeconomic risks such as high interest rates and currency devaluation in Brazil; 2. Despite challenges, the company's strong brand, 100M+ customers, and cross-selling opportunities support long-term growth potential; 3. Nu Holdings' premium valuation is justified by efficient execution, robust growth prospects, and a scalable business model.

1. I am downgrading SoFi to Sell due to its recent stock repricing and the complexity of its investment case despite its recent strong performance. 2. SoFi excels in tech-first banking but risks cannibalizing its advantage by enhancing legacy banks' tech infrastructure, complicating its long-term thesis. 3. The company's lending segment faces slowing growth and high default rates, while lacking high-margin private banking services.

1. Intapp is a lesser-known growth stock in the software industry with a strong value proposition; 2. It has seen a 60% YTD rise and offers substantial profit margin expansion and mid-teens growth rates; 3. The company addresses a $46 billion TAM, partners with Microsoft, and serves top firms like Lazard, Carlyle, EY, and Davis Polk.

1. Synchrony Financial is a 'Strong Buy' due to its solid fundamentals and strong financial health; 2. The company has seen a 128% stock price surge in the past 12 months, with impressive Q3 results; 3. The low P/E and PEG ratios indicate strong cash flow generation and undervaluation.

1. Brookfield Asset Management is a low-maintenance 'buy and hold forever' stock with limited outside risk to the operations. 2. Management aims to double operational metrics in five years, a significant leap from their 25-year base. 3. The 22.7% YoY increase in fee-bearing capital in Q3 supports the thesis that Brookfield is on track to meet its ambitious goals.

1. Blue Owl Capital comfortably covered its $0.37 base dividend with net investment income in 3Q24; 2. The BDC's portfolio quality improved significantly with the non-accrual ratio dropping to 0.7%; 3. Despite potential yield compression, Blue Owl Capital's 11% dividend yield remains safe and attractive for passive income investors.

➀ Quantum Motion and Goldman Sachs collaborate to develop an efficient algorithm for financial services. ➁ The paper explores how to apply intricate multi-qubit operations in pricing algorithms. ➂ Quantum Motion's method breaks down complex algorithms into many small tasks for simultaneous execution, enhancing computational speed and accuracy.

1. Affirm Holdings demonstrates potential with strong revenue growth, but faces risks from high delinquency rates and regulatory changes affecting the BNPL market. 2. AFRM's business model relies on interest income and merchant fees, with lower consumer costs and delinquency rates than most traditional credit cards. 3. Competitive pressures and economic scale advantages may lead to a 'winner-take-all' market in BNPL, with Affirm and Klarna leading the charge without a clear leader.

1. I am bullish on Robinhood for 2025 due to new products, financial turnaround, and potential expansion into institutional investors; 2. Robinhood's product development, including the Gold Card and advanced trading features, positions it as a comprehensive financial service provider; 3. International expansion, particularly in Europe with crypto transfers, offers significant growth potential despite regulatory challenges.

1. SoFi Technologies is a comprehensive financial platform with growing revenue and gross margins but remains unprofitable with a high P/E ratio. 2. CEO Anthony Noto has crafted a strong narrative that appeals to Millennials, who are set to inherit significant wealth and prefer digital financial solutions. 3. Major risks include a high P/E ratio, negative RoE and FCF, and competition from larger financial institutions adapting to Millennial needs.

1. American Express has a unique business model that leverages its closed-loop system and proprietary data to cater to premium clients and emerging markets. 2. The company's growth is supported by strategic segments such as Millennials, Gen Z, B2B payments, and international markets. 3. American Express excels in capital management, including stock buybacks and deleveraging, enhancing shareholder returns and financial stability.