Clear Street picks Nasdaq, Coinbase, S&P Global as top fintech ideas for 2026

Wall Street brokerage Clear Street names Nasdaq NDAQ.O, Coinbase COIN.O and S&P Global SPGI.N as its top fintech ideas for 2026

Expects tokenization, AI-enabled shopping, lower interest rates, AI fraud and IPO recovery to be key industry themes

NDAQ poised to benefit from regulatory technology demand, IPO recovery, extended trading hours, and index investing tailwinds, Clear Street says

Brokerage sees incremental upside from NDAQ deleveraging its balance sheet and boosting capital return

Clear Street sees COIN best positioned to benefit from blockchain adoption and regulatory clarity, with growing contributions from areas such as stablecoin, tokenization, payments, prediction markets

While sentiment towards SPGI has been muted since late 2024, Clear Street sees the tide turning next year as an easing rate backdrop supports debt issuance activity and growth in the market intelligence business re-accelerates