$PYPL, applied banking license. Near bottom of extended range.

144
Bought PYPL, Why ⬇️

Fundamental catalyst:

Just applied for Utah bank charter to expand small business lending
Bank charter = cut out third-party costs, direct FDIC insurance, better margins
Already served 420K+ business accounts with $30B in loans - now cutting middlemen

Valuation too cheap to ignore:

P/E of 13 while maintaining 45% global payment market share
434M active users, $33B revenue run rate
Trading near 52-week lows at $60 vs. analyst PT of $79 (+30% upside)

Technical setup:

Near bottom of extended downtrend range ($55-93)
Risk/reward favors entry here - limited downside to $55, significant upside to $75-80

The trade: Recent analyst downgrades created panic selling, but the fundamentals haven't changed. Bank charter is a multi-year strategic move that could significantly improve unit economics. Current price reflects maximum pessimism.

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