Diversified Financial Services Stocks Q3 Recap: Benchmarking NCR Atleos (NYSE:NATL)

Wrapping up Q3 earnings, we look at the numbers and key takeaways for the diversified financial services stocks, including WEX and its peers.

Diversified financial services encompass specialized offerings outside traditional categories. These firms benefit from identifying niche market opportunities, developing tailored financial products, and often facing less direct competition. Challenges include scale limitations, regulatory classification uncertainties, and the need to continuously innovate to maintain market differentiation against larger competitors expanding their offerings.

The 10 diversified financial services stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 3% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady as they are up 1.7% on average since the latest earnings results.

WEX

Originally founded in 1983 as Wright Express to serve the fleet card market, WEX provides payment processing and business solutions across fleet management, employee benefits, and corporate payments sectors.

WEX reported revenues of $691.8 million, up 4% year on year. This print exceeded analysts’ expectations by 1.5%. Overall, it was a satisfactory quarter for the company with a solid beat of analysts’ Account Servicing segment estimates but a slight miss of analysts’ Payment Processing segment estimates.

“Our strategy to return to revenue growth was demonstrated in the third quarter with both revenue and earnings exceeding the high end of our guidance ranges,” said Melissa Smith, WEX’s Chair, Chief Executive Officer, and President.

Unsurprisingly, the stock is down 2.9% since reporting and currently trades at $149.61.

Is now the time to buy WEX? Access our full analysis of the earnings results here, it’s free for active Edge members.

Best Q3: Paymentus

Founded in 2004 to simplify the complex world of bill payments, Paymentus provides a cloud-based platform that helps utilities, municipalities, and service providers automate billing and payment processes.

Paymentus reported revenues of $310.7 million, up 34.2% year on year, outperforming analysts’ expectations by 10.7%. The business had a stunning quarter with an impressive beat of analysts’ revenue estimates and a solid beat of analysts’ EBITDA estimates.

Paymentus pulled off the fastest revenue growth among its peers. The market seems happy with the results as the stock is up 19.8% since reporting. It currently trades at $34.27.

Is now the time to buy Paymentus? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: NCR Atleos

Spun off from NCR Voyix in 2023 to focus exclusively on self-service banking technology, NCR Atleos provides self-directed banking solutions including ATM and interactive teller machine technology, software, services, and a surcharge-free ATM network for financial institutions and retailers.

NCR Atleos reported revenues of $1.12 billion, up 4.5% year on year, exceeding analysts’ expectations by 0.6%. Still, it was a softer quarter as it posted a significant miss of analysts’ EPS estimates.

As expected, the stock is down 2.5% since the results and currently trades at $36.89.

Read our full analysis of NCR Atleos’s results here.

Western Union

With a history dating back to 1851 when it began as a telegraph company, Western Union is a global money transfer service that enables consumers and businesses to send funds across borders and currencies, typically within minutes.

Western Union reported revenues of $1.03 billion, flat year on year. This number topped analysts’ expectations by 1%. It was a strong quarter as it also recorded a beat of analysts’ EPS estimates and full-year revenue guidance slightly topping analysts’ expectations.

Western Union achieved the highest full-year guidance raise among its peers. The stock is up 5.8% since reporting and currently trades at $8.61.

Read our full, actionable report on Western Union here, it’s free for active Edge members.

Payoneer

Founded during the early days of global e-commerce in 2005 to solve international payment challenges, Payoneer provides financial technology services that enable small and medium-sized businesses to send and receive payments globally across borders.

Payoneer reported revenues of $270.9 million, up 9.1% year on year. This result beat analysts’ expectations by 2.9%. Aside from that, it was a mixed quarter as it also logged a solid beat of analysts’ yield estimates but EPS in line with analysts’ estimates.

The stock is down 2% since reporting and currently trades at $5.68.

Read our full, actionable report on Payoneer here, it’s free for active Edge members.

What Happened?

A number of stocks jumped in the afternoon session after investors grew more optimistic about a potential Federal Reserve interest rate cut in December. 

The positive sentiment was fueled by comments from New York Fed President John Williams, a voting member of the rate-setting Federal Open Market Committee, who stated the central bank could cut rates "in the near term" without jeopardizing its inflation targets. Following his remarks, market expectations for a rate cut in December shifted significantly. According to the CME FedWatch Tool, the probability of a December rate reduction surged from a 37% chance earlier in the day to 70%. While lower rates can compress bank profit margins, investors often view them as a catalyst for broader economic activity, potentially boosting loan demand and reducing the risk of defaults.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Investment Banking & Brokerage company Piper Sandler jumped 2.7%. Is now the time to buy Piper Sandler? Access our full analysis report here, it’s free for active Edge members.
• Diversified Financial Services company Payoneer jumped 2.7%. Is now the time to buy Payoneer? Access our full analysis report here, it’s free for active Edge members.

Zooming In On Piper Sandler (PIPR)

Piper Sandler’s shares are somewhat volatile and have had 11 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 21 days ago when the stock gained 2.8% on the news that the company reported strong third-quarter 2025 results that surpassed analyst expectations for both earnings and revenue. The investment bank announced adjusted earnings per share of $3.82, beating consensus estimates of $3.27. Revenue was also a bright spot, coming in at $479.3 million against estimates of $436.7 million. This represented a 33.3% increase compared to the same period last year. The firm's pre-tax profit margin also showed significant improvement, expanding to 22.4%, which was 6.9 percentage points better than the same quarter last year. Overall, it was a solid quarter for the company, with significant beats on both the top and bottom lines.

Piper Sandler is up 8.6% since the beginning of the year, but at $325.18 per share, it is still trading 12% below its 52-week high of $369.40 from September 2025. Investors who bought $1,000 worth of Piper Sandler’s shares 5 years ago would now be looking at an investment worth $3,499.

What Happened?

A number of stocks jumped in the afternoon session after investors grew more optimistic about a potential Federal Reserve interest rate cut in December. 

The positive sentiment was fueled by comments from New York Fed President John Williams, a voting member of the rate-setting Federal Open Market Committee, who stated the central bank could cut rates "in the near term" without jeopardizing its inflation targets. Following his remarks, market expectations for a rate cut in December shifted significantly. According to the CME FedWatch Tool, the probability of a December rate reduction surged from a 37% chance earlier in the day to 70%. While lower rates can compress bank profit margins, investors often view them as a catalyst for broader economic activity, potentially boosting loan demand and reducing the risk of defaults.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Custody Bank company T. Rowe Price jumped 3.2%. Is now the time to buy T. Rowe Price? Access our full analysis report here, it’s free for active Edge members.
• Diversified Financial Services company NCR Atleos jumped 3.1%. Is now the time to buy NCR Atleos? Access our full analysis report here, it’s free for active Edge members.
• Credit Card company American Express jumped 3.1%. Is now the time to buy American Express? Access our full analysis report here, it’s free for active Edge members.
• Asset Management company Blackstone jumped 3.1%. Is now the time to buy Blackstone? Access our full analysis report here, it’s free for active Edge members.

Zooming In On T. Rowe Price (TROW)

T. Rowe Price’s shares are not very volatile and have only had 3 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was 3 months ago when the stock gained 5.6% on the news that the company announced a strategic collaboration with Goldman Sachs that includes a planned investment of up to $1 billion from the financial giant. As part of the agreement, Goldman Sachs intends to purchase T. Rowe Price's common stock through open-market transactions, aiming to acquire a stake of up to 3.5%. The partnership is designed to leverage the strengths of both firms to create a range of diversified investment solutions for retirement and wealth management clients. The collaboration will focus on developing products that combine public and private market offerings. The companies also plan to launch co-branded target-date investment strategies in mid-2026 that will incorporate private market assets.

T. Rowe Price is down 11.6% since the beginning of the year, and at $100.27 per share, it is trading 19.6% below its 52-week high of $124.69 from December 2024. Investors who bought $1,000 worth of T. Rowe Price’s shares 5 years ago would now be looking at an investment worth $719.42.

What Happened?

A number of stocks jumped in the afternoon session after investors grew more optimistic about a potential Federal Reserve interest rate cut in December. 

The positive sentiment was fueled by comments from New York Fed President John Williams, a voting member of the rate-setting Federal Open Market Committee, who stated the central bank could cut rates "in the near term" without jeopardizing its inflation targets. Following his remarks, market expectations for a rate cut in December shifted significantly. According to the CME FedWatch Tool, the probability of a December rate reduction surged from a 37% chance earlier in the day to 70%. While lower rates can compress bank profit margins, investors often view them as a catalyst for broader economic activity, potentially boosting loan demand and reducing the risk of defaults.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Personal Loan company Affirm jumped 3.7%. Is now the time to buy Affirm? Access our full analysis report here, it’s free for active Edge members.
• Personal Loan company Sezzle jumped 3.7%. Is now the time to buy Sezzle? Access our full analysis report here, it’s free for active Edge members.
• Diversified Financial Services company Euronet Worldwide jumped 3.8%. Is now the time to buy Euronet Worldwide? Access our full analysis report here, it’s free for active Edge members.
• Personal Loan company OneMain jumped 3.8%. Is now the time to buy OneMain? Access our full analysis report here, it’s free for active Edge members.

Zooming In On OneMain (OMF)

OneMain’s shares are not very volatile and have only had 8 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

The previous big move we wrote about was 21 days ago when the stock gained 5.3% on the news that the company reported favorable third-quarter 2025 results, highlighted by a significant earnings beat and solid revenue growth. The company posted an adjusted profit of $1.90 per share, which was 18.5% above Wall Street's consensus estimates. This strong bottom-line performance was supported by revenue that grew 7.1% year-over-year to $1.24 billion, meeting expectations. Additionally, OneMain's net interest income, a key performance metric for lenders, outperformed forecasts, coming in at $1.07 billion. The results were seen as a solid quarter with key areas of upside, signaling healthy business fundamentals and boosting investor confidence.

OneMain is up 15.9% since the beginning of the year, and at $60.10 per share, it is trading close to its 52-week high of $62.61 from September 2025. Investors who bought $1,000 worth of OneMain’s shares 5 years ago would now be looking at an investment worth $1,552.