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Is Compass Point's Outlook On Regional Banks Too Good To Be True?
Monday, June 22, 2015 - 4:09pm | 537Are regional banks in a win-win situation? In a report published last week, Compass Point analyst Kevin Barker said that the industry was in a "Goldilocks scenario." Regional bank stocks would shoot up on an interest rate hike, according to the analyst. However, if rates stay "...
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Compass Point On Ryland, Standard Pacific Deal: 'Merger of Equals Makes Sense, But Upside is Limited'
Monday, June 15, 2015 - 10:56am | 304In a report published Monday, Compass Point analyst Wilkes Graham maintained a Neutral rating on Standard Pacific Corp. (NYSE: SPF) and Ryland Group Inc (NYSE: RYL), with price targets at $9 and $47, respectively, after the companies agreed to a "merger of equals." On Sunday, June 14, the companies...
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Compass Point Initiates Hilltop Holdings At Buy
Wednesday, June 10, 2015 - 8:03am | 66Analysts at Compass Point initiated coverage on Hilltop Holdings Inc. (NYSE: HTH) with a Buy rating. The target price for Hilltop Holdings is set to $27. Hilltop Holdings shares have gained 9.94 percent over the past 52 weeks, while the S&P 500 index has surged 7.01 percent in the same period....
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First Marblehead Downgraded At Compass Point
Tuesday, May 12, 2015 - 7:14am | 223In a report published Tuesday, analysts at Compass Point downgraded The First Marblehead Corporation (NYSE: FMD) from Buy to Neutral. The price target was maintained at $7. The company reported its 3Q15 earnings below expectations, driven by higher expenses and sustained cash burn. While the...
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Compass Point Initiates Franklin Financial Network At Buy
Friday, May 8, 2015 - 2:45pm | 44Analysts at Compass Point initiated coverage on Franklin Financial Network Inc (NYSE: FSB) with a Buy rating. The target price for Franklin Financial Network is set to $27. Franklin Financial Network shares closed at $19.66 yesterday.
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Green Dot Shares Cut To Neutral, 'Still More Questions Than Answers'
Friday, May 8, 2015 - 9:01am | 295In a report published Friday, analysts at Compass Point downgraded Green Dot Corporation (NYSE: GDOT) from Buy to Neutral. The price target was lowered from $22 to $18. Although the company posted better-than-expected results for Q1, its full year revenue guidance was muted. For Q1, the company...
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Analyst: American Capital Mortgage Investment Still Worth $20/Share
Monday, May 4, 2015 - 10:46am | 203In a report published Monday, Compass Point analysts maintained a Neutral rating on American Capital Mortgage Inc. (NASDAQ: MTGE), with a price target of $20. American Capital Mortgage reported its 1Q15 core earnings short of expectations. The shortfall was attributed to a higher servicing loss...
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Compass Point Downgrades Provident Financial To Neutral
Thursday, April 30, 2015 - 10:49am | 173In a report published Thursday, analysts at Compass Point downgraded Provident Financial Holdings, Inc. (NASDAQ: PROV), while raising the price target to $18. The downgrade follows the release of the company's FY3Q15 results. Provident Financial reported its 3Q EPS ahead of the consensus and the...
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Compass Point Upgrades Genworth Financial To Buy
Thursday, April 30, 2015 - 9:11am | 53Compass Point upgraded Genworth Financial Inc (NYSE: GNW) from Neutral to Buy. Genworth Financial shares have dropped 50.31 percent over the past 52 weeks, while the S&P 500 index has surged 11.85 percent in the same period. Genworth Financial shares rose 0.90 percent to $9.00 in pre-market...
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Why Xoom's 'Competitive Pressure' Makes It A Sell
Wednesday, April 29, 2015 - 7:34am | 235In a report published Wednesday, Compass Point analysts maintained a Sell rating on Xoom Corporation (NASDAQ: XOOM), while raising the price target from $10 to $11. Xoom reported better-than-expected 1Q15 results, highlighted by mixed top-line trends but lower marketing expenses. The company has...
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American Capital Agency Looking For Catalyst, Analyst Says
Wednesday, April 29, 2015 - 7:28am | 222In a report published Wednesday, Compass Point analysts maintained a Neutral rating on American Capital Agency Corp (NASDAQ: AGNC), with a price target of $24. American Capital Agency reported mixed 1Q05 results. While the company's core EPS at $0.70, (excluding $0.05 of catch up premium...
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Compass Point Initiates New Residential Investment At Buy
Thursday, April 23, 2015 - 9:34am | 67Analysts at Compass Point initiated coverage on New Residential Investment Corp (NYSE: NRZ) with a Buy rating. The target price for New Residential Investment is set to $19. New Residential Investment shares have gained 35.90 percent over the past 52 weeks, while the S&P 500 index has surged 12...
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Analyst: Wells Fargo Still Struggling To 'Sustain' Core
Wednesday, April 15, 2015 - 9:44am | 184In a report published Wednesday, analysts at Compass Point maintained their Neutral rating on Wells Fargo & Co (NYSE: WFC). The price target has been raised from $48 to $50. The company has announced its 1Q15 earnings largely in line with the estimate and consensus, when adjusted for the tax...
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Compass Point Reacts To Wells Fargo Earnings
Tuesday, April 14, 2015 - 1:21pm | 347Big bank earnings season is officially underway, and analysts at Compass Point issued a report Tuesday breaking down the numbers reported by Wells Fargo & Co (NYSE: WFC). Here’s a summary of analysts’ key takeaways from Wells Fargo’s Q1 report. Earnings Miss? While Wells...
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How To Play Lending Club And On Deck Before Lock-Up Expirations
Tuesday, April 7, 2015 - 4:10pm | 243LendingClub Corp (NYSE: LC) and On Deck Capital Inc (NYSE: ONDK) are approaching sizable IPO lockup expirations this June. In light of these events, Compass Point analysts Michael Tarkan and Andrew Eskelsen took a look at IPO performance (2012-2014 period) as the companies go into and out of...