Donald Fandetti

Rocket Companies Inc (NYSE: RKT) shares are trading lower by 5.5% after the mortgage lender reported a sharp decline in revenue. On Tuesday afternoon, Rocket reported first-quarter adjusted EPS of 15 cents, missing consensus analyst estimates of 19 cents. Revenue for the quarter was $2.67 billion,...

Shares of Rocket Companies Inc (NYSE: RKT) were trading higher by double digits after reporting second-quarter earnings. Here are the key takeaways from analysts’ updated notes. The Rocket Companies Analysts: Credit Suisse analyst Timothy Chiodo has a Neutral rating on Rocket Companies...

Rocket Companies Inc (NYSE: RKT) is off to a hot start on the public market after pricing its IPO at $18 in early August. Rocket Companies, the parent company of Quicken Loans and Rocket Mortgage, reported $3.5 billion in net income for the second quarter, up from a $54 million net loss in the...

Ally Financial Inc (NYSE: ALLY) shares traded higher by 1.3 percent Tuesday after the company announced a much larger than expected $1.25 billion 2019 buyback plan. Ally is not a Category IV bank this year and won't be subject to the annual CCAR by the Federal Reserve. Ally’s $1.25...

American Express Company (NYSE: AXP) is up 17 percent year to date, and its optimism for a strong 2019 certainly made an impression at this week’s Investor Day. The Ratings Guggenheim analyst Jeff Cantwell maintained a Neutral rating on the stock, while Wells Fargo analyst Donald Fandetti...

American Express Company (NYSE: AXP) reported Thursday with a fourth-quarter top-and-bottom-line miss. The credit card issuer guided to a better-than-expected revenue growth outlook for 2019, mostly due to a "reasonably strong" consumer. Here's how the Street reacted to...

American Express Company (NYSE: AXP) reported Thursday a beat-and-raise third quarter earnings. Earnings of $1.88 per share beat estimates by 12 cents, while sales of $10.1 billion came in just ahead of estimates. Here's a summary of how some of the Street's top analysts reacted to the...

Even as analysts are divided on the near-term outlook for the housing market, Wells Fargo Securities saw fit to upgrade KKR Real Estate Finance Trust Inc (NYSE: KREF) Wednesday.  The Analyst Analyst Donald Fandetti upgraded KKR Real Estate from Market Perform to Outperform with a price...

Wells Fargo upgraded Visa Inc (NYSE: V) to Outperform and increased the price target for the stock from $100 to $120. The firm has resumed coverage for American Express Company (NYSE: AXP) with an Outperform rating and a price target of $105. Research analysts Donald Fandetti, Steven DeBartolo and...

Citi cut its EPS estimates on Ally Financial Inc (NYSE: ALLY) as heightened net charge-offs (NCOs), provision pressure and increasing costs offset improving NIM, strong deposit growth and higher retail auto loan yields in the third quarter. The brokerage cut the estimate to $2.18 from $2.26 to...

CIT Group Inc. (NYSE: CIT) shares have declined 41.11 percent over the past six months, down to its 52-week low on February 2, at $27.70. Citi’s Donald Fandetti has downgraded the rating on the company from Buy to Neutral, while lowering the price target to $30. Fandetti explained...

Citi issued a report on Tuesday highlighting Apple Inc. (NASDAQ: AAPL) and looking ahead at the evolving mobile payments market. Analysts Jim Suva and Donald Fandetti discussed their views on the results of a survey on Apple Pay usage and the benefits versus other operating systems. 1. Mobile...

Donald Fandetti of Citigroup commented in a note following Visa Inc's (NYSE: V) first -quarter results that its core earnings per share of $2.53 indicates a “good performance” given the weaker global backdrop. Fandetti states that many global companies are falling short of earnings expectations and...