Barclays downgrades WEX, Marqeta on growth concerns

Barclays downgraded Wex and Marqeta due to growth challenges, adjusting price targets, but remains optimistic about the fintech sector's improving sentiment.

Earnings call: WEX Inc. revises 2024 outlook amid growth initiatives

Wex shares slide 5% as Q3 results miss estimates, guidance disappoints

Wex Inc. shares fell 5.65% after disappointing Q3 earnings and lowered guidance for Q4 and 2024, despite a 9% YoY increase in total volume.