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Capital One's Credit Headwinds Are Reversing, Oppenheimer Says In Upgrade
Monday, July 9, 2018 - 11:55am | 422Read More...While Capital One Financial Corp. (NYSE: COF)'s results have been dented by credit card delinquencies, an Oppenheimer analyst sees improvement on the horizon. The Analyst Analyst Ben Chittenden upgraded Capital One from Perform to Outperform and set a price target of $113, suggesting...
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International Efforts Begin To Bear Fruit For American Express
Thursday, April 20, 2017 - 3:41pm | 373Read More...Ben Chittenden of Oppenheimer commented in a report that American Express Company (NYSE: AXP)'s first quarter earnings release reinforces the bullish case for owning the stock. Chittenden maintained an Outperform rating on American Express with a $93 price target. The analyst believes the...
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Is Financial Stock Laggard American Express Finally Getting Some Love?
Tuesday, January 10, 2017 - 3:07pm | 307Read More...Oppenheimer has upgraded American Express Company (NYSE: AXP) to Outperform, as it believes travel and entertainment spending should rebound over the next six months on better macro environment. Shares of American Express have lagged the financials rally post-election (+13.6 percent vs. +17.3...
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What Oppenheimer Learned From Banks' Earnings Season
Wednesday, August 17, 2016 - 2:55pm | 349Read More...Earnings season for the financial institution space has come and gone. According to Oppenheimer's Ben Chittenden, the "fundamental backdrop for profitability remains under pressure," and a sustained rate hike cycle is needed to "truly change the direction of profitability." Chittenden noted that...
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Oppenheimer Sees PNC's Q3 Results Lower Than Consensus Estimates
Monday, July 18, 2016 - 1:11pm | 310Read More...Despite reporting better-than-expected Q2 EPS, Oppenheimer sees Q3 earnings of PNC Financial Services Group Inc (NYSE: PNC) lower than consensus. "[W]e see EPS as something similar to the core 2Q16 EPS of $1.77. vs consensus of $1.80," analyst Ben Chittenden wrote in a note. "...
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Oppenheimer Bank Analysts Have Trouble Sleeping Because Of These Risks
Thursday, February 11, 2016 - 2:35pm | 303Read More...In a new report, Oppenheimer analyst Ben Chittenden attempted to tackle the question of whether bank stocks have already priced in downside from a recession scenario or whether they are still at risk of further declines. Chittenden acknowledged that Oppenheimer doesn’t have all the answers...
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Is Bank M&A Action On The Way?
Wednesday, November 18, 2015 - 2:31pm | 441Read More...Despite recent high-profile banking M&A deals, the 2015 banking M&A environment has been typical of past years. Oppenheimer has observed a rationale shift for post-crisis banking deals. Most post-crisis deals are motivated by cost savings. Recent high-profile M&A deals in the banking...
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Oppenheimer Does Not Like American Express
Friday, April 17, 2015 - 12:38pm | 292Read More...In a report published Friday, Oppenheimer analyst Ben Chittenden commented on American Express Company (NYSE: AXP) following its first quarter results in which the company reported better-than-expected earnings on a worse-than-expected revenue. Chittenden noted that American Express reported an...
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Oppenheimer Not Excited About American Express
Tuesday, April 7, 2015 - 9:21am | 209Read More...Oppenheimer on Tuesday issued a report on American Express Company (NYSE: AXP) downgrading the financial services company from Perform to Underperform and set a price target of $68.00. Analysts Ben Chittenden and Chris Kotowski wrote, "We think that the profitability of the core business is under...
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10 Oppenheimer Analysts Each Pick A Top Stock
Sunday, March 29, 2015 - 10:47am | 489Read More...In a recent report, Oppenheimer asked analysts that cover different ares of the stock market each to choose his or her single top stock pick in the space based on the fundamentals of the company. Here are the stocks that these ten analysts chose. 1. Rupesh Parikh, CFA (food, grocery &...
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Oppenheimer: Fed Offers CCAR Results, Mostly Good News For The Banking Industry
Thursday, March 12, 2015 - 9:11am | 211Read More...Oppenheimer on Thursday issued a report on the financial services industry following the Federal Government's release of its Comprehensive Capital Analysis and Review (CCAR) results. One of the biggest stories was that Citigroup Inc (NYSE: C) was approved for a $7.8 billion share buyback vs....
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Numerous Firms Initiate Coverage On Citizens Financial Group Following Quiet Period Expiration
Monday, November 3, 2014 - 1:25pm | 291Read More...On Monday, analysts at numerous firms initiated coverage on shares of Citizens Financial Group Inc (NYSE: CFG) following the expiration of the analyst quiet period. Oppenheimer Equity Research: Outperform rating with $29 price target. Ben Chittenden stated, “Our thesis for owning CFG...
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UPDATE: Oppenheimer Initiates Coverage On Citizens Financial Group On Rising Return Story At TBV
Monday, November 3, 2014 - 9:54am | 164Read More...In a report published Monday, Oppenheimer analyst Ben Chittenden initiated coverage on Citizens Financial Group Inc (NYSE: CFG) with an Outperform rating and $29.00 price target. In the report, Oppenheimer noted, “We are initiating coverage of Citizens Financial (CFG) with an Outperform rating and...
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UPDATE: Oppenheimer Initiates Coverage on Walter Investment Management on Valuation, Lack of Earnings Consistency
Tuesday, September 10, 2013 - 9:10am | 161Read More...In a report published Tuesday, Oppenheimer analyst Ben Chittenden initiated coverage on Walter Investment Management Corp. (NYSE: WAC) with a Perform rating. In the report, Oppenheimer noted, “We are initiating coverage of Walter Investment Management (WAC) with a Perform rating. WAC has spent the...
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UPDATE: Oppenheimer Initiates Coverage on PHH Corporation on Valuation
Tuesday, September 10, 2013 - 9:10am | 130Read More...In a report published Tuesday, Oppenheimer analyst Ben Chittenden initiated coverage on PHH Corporation (NYSE: PHH) with a Perform rating. In the report, Oppenheimer noted, “We are initiating PHH at Perform. While there are many, many positives going for PHH, valuation starts us on the sidelines....
