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Wedbush Downgrades Rocket Companies, Cuts Earnings Estimates Through 2023
Tuesday, July 20, 2021 - 12:33pm | 378Read More...Rocket Companies Inc (NYSE: RKT) traded lower Tuesday after the retail mortgage giant received its second Wall Street downgrade in just over a week. The Analyst: Wedbush analyst Henry Coffey downgraded Rocket Companies from Neutral to Underperform and cut his price target from $14 to...
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Wedbush Upgrades OneMain On Q2 EPS Beat, Decline In NCO Ratio
Tuesday, July 30, 2019 - 10:45am | 256Read More...OneMain Holdings Inc (NYSE: OMF) reported its second-quarter EPS handsomely ahead of expectations, along with a decline in its net charge-off ratio ratio. OneMain Holdings should be able to manage the CECL (Current Expected Credit Losses) complexities and the $2 per share special declared at the...
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Wedbush Double Upgrades LendingClub After 'Significant' Business Improvements
Wednesday, May 8, 2019 - 12:34pm | 316Read More...LendingClub Corp (NYSE: LC) reported Tuesday first-quarter results that shows the company made "significant gains across all fronts" over the past three years, according to Wedbush. The Analyst Wedbush's Henry Coffey upgraded LendingClub from Neutral to Outperform with a price target...
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Analysts Watching LendingClub's Slowing Growth
Wednesday, February 20, 2019 - 3:42pm | 396Read More...LendingClub Corp (NYSE: LC) shares tanked Wednesday despite reporting a 16-percent increase in fourth-quarter revenue. LendingClub reported an adjusted loss per share of 1 cent on the quarter, up from a 3-cent loss in the same quarter a year ago. The company guided for fiscal 2019 net revenue of...
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Gladstone Investment's Sell-Off Creates 'Attractive Entry Point,' Wedbush Says
Tuesday, March 6, 2018 - 3:51pm | 361Read More...Shares of Gladstone Investment Corporation (NASDAQ: GAIN) are lower by more than 11 percent over the past three months, a move investors should take advantage of, according to Wedbush. The Analyst Wedbush' Henry Coffey upgraded Gladstone Investment's stock from Neutral to Outperform with...
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Wedbush's Formula Of Success For PennyMac: Higher ROEs + EPS Growth
Friday, February 16, 2018 - 4:49pm | 369Read More...PennyMac Financial Services Inc (NYSE: PFSI), a U.S.-based residential mortgage originator/servicer, is likely to grow its earnings per share and return on equity in the coming years even if its mortgage volumes decline in 2018 and 2019, according to Wedbush. The Analyst Wedbush's Henry...
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Why Are CIT Group Analysts So Concerned?
Monday, March 28, 2016 - 1:53pm | 338Read More...CIT Group Inc. (NYSE: CIT)’s stock is up more than 26 percent from its February lows, but the company’s recent Strategic Update failed to wow Wall Street. The company’s long path to potential meaningful growth appears to be much longer than many investors had hoped. “...
