A Warning to Banks & Which Companies Will Disrupt Them


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⚠️ Cathie Wood's warning to big banks: adapt or die. ARK Invest's Big Ideas 2021 includes digital wallets like SQ (Square stock), PYPL (Paypal stock), AAPL (Apple stock), which are top holdings in ARKW and ARKF. Will there be a day where banks are no longer too big to fail?
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Sources & Further Reading:
Digital Wallet Companies Can Bank the Unbanked, While Traditional Banks Cannot (ARK Invest): https://ark-invest.com/articles/analyst-research/digital-wallet-companies/
Will Bank Branches Give Way to Digital Wallets? (ARK Invest): https://ark-invest.com/articles/analyst-research/digital-wallets/
Bank Revenue from Credit Cards Could Be Cut in Half in The Next 10 Years (ARK Invest): https://ark-invest.com/articles/analyst-research/credit-card-industry/
ARK Invest's Other Thematic Funds:
ARK Invest Innovation ETF (ARKK) - https://ark-funds.com/arkk
ARK Invest Genomic Revolution ETF (ARKG) - https://ark-funds.com/arkg
ARK Invest Autonomous Technology & Robotics ETF (ARKQ) - https://ark-funds.com/arkq
ARK Invest Next Generation Internet ETF (ARKW) - https://ark-funds.com/arkw
ARK Invest Fintech Innovation ETF (ARKF) - https://ark-funds.com/fintech-etf
I am not a financial advisor or affiliated with ARK Invest in any way.
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