FICO adapts for today’s borrowers

Article Excerpt

FAIR ISAAC CORP. $431.25 (New York symbol FICO; TSINetwork Rating: Average) (; Shares outstanding: 29.0 million; Market cap: $12.6 billion; No dividends paid) in response to rising unemployment due to COVID-19, recently launched the FICO Resilience Index. It’s similar to its FICO Scores, which lenders use to make decisions about creditworthiness. This new Index takes into account general economic conditions to measure a borrower’s ability to financially weather periods of economic disruption or volatility. When lenders use both tools, they can better identify borrowers who have a lower FICO Score but are still well positioned to take on more credit. This bodes well for Fair Isaac, and its share price. Fair Isaac is a Power Buy. Buy…

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