Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Open platform

Australia's Zip rises on share buyback; Citi sees continued growth in US market

By Reuters News03:52 (UTC), 15 September 2026 Updated

** Shares of Australia's Zip Co ZIP.AX rise as much as 5.7% to A$2.220, their biggest intraday pct gain since August 20

** Stock on track to snap six-session losing streak

** The consumer lending firm said it has begun a share buyback programme of up to A$50 million ($35.66 million)

** Citi expects new product initiatives to continue driving growth in the U.S. for ZIP

** Brokerage sees potential upside to its cash EBITDA forecast for fiscal 2027, through strong U.S. total transaction value growth, higher net transaction margin and cost control

** Brokerage maintains "buy" call for stock, however trims target price by 10% to A$3.20 on expectations of decreased qtrly growth rate and uptick in net bad debt

** YTD, stock down 33.7%

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.