Consumer finance names jolted amid job market jitters

Affirm Holdings

30/09/2025 18:12

** Shares of several consumer finance companies fall amid concerns around rising labor market softness

** Capital One Financial COF.N down 5.6%, Affirm Holdings AFRM.O down 7.4%, Upstart Holdings UPST.O down 4%, Synchrony Financial SYF.N down 4.8%, Bread Financial BFH.N down 3.9%

** August JOLTS report pointed to a gradual softening in labor market conditions, J.P. Morgan says

** BTIG Chief Market Technician Jonathan Krinsky says there are a lot of potential areas of concern to point to, whether it's restaurants, traditional retail, airlines, or trucking stocks

** "It does paint a more bleak picture for the consumer, but at this point it's probably too soon to say whether it's smoke or fire. For now, we would remain very cautious on most of these groups until they can prove themselves," Krinsky says

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))