Mihir Bhatia

BofA Securities analyst Mihir Bhatia said the U.S. premium credit card market is highly lucrative and one of the most competitive card markets in the world. The analyst surveyed 2,555 individuals to gain insights into how they view premium credit card brands, what rewards are most valuable and how...

BofA Securities analyst Mihir Bhatia upgraded American Express Co (NYSE:AXP) from Neutral to Buy and lowered the price target from $325 to $274 Friday. Bhatia noted the current downtick offers long-term oriented investors an opportunity to buy a high-quality company at a reasonable...

Bank of America Securities analyst Mihir Bhatia issued a note Wednesday concerning the uptrend in student loan repayments and the beneficiaries of student loan payments. What Happened: Bhatia noticed that by the end of August, student loan repayments started picking up momentum, and it could...

Shares of SoFi Technologies Inc (NASDAQ: SOFI) remained under pressure in early trading on Friday, after ending the previous session in the red, following a downgrade by Oppenheimer analysts. Piper Sandler On SoFi Technologies Analyst Kevin Barker downgraded the rating for SoFi Technologies from...

SoFi Technologies Inc (NASDAQ: SOFI) shares tumbled 11% on Monday after the company reported what many investors believed were impressive first-quarter numbers and raised its guidance for fiscal 2023. SoFi investors are likely puzzled by the stock's negative reaction to the earnings report, but...

The Biden administration has once again extended the payment pause on federal student loans, and one analyst said Friday the extension is bad news for SoFi Technologies Inc (NASDAQ: SOFI). The SoFi Analyst: Bank of America analyst Mihir Bhatia reiterated a Buy rating on SoFi and cut the price...

American Express Company (NYSE: AXP) shares traded lower by 3.1% on Friday morning after the credit card and digital payments company reported third-quarter earnings and revenue beats on Thursday. What Happened? The New York-based company reported third-quarter adjusted EPS of $2.47 on revenue of $...

This year has been brutal for SoFi Technologies Inc (NASDAQ: SOFI) and other lenders, as investors grow increasingly concerned about the negative impact rising interest rates will have on lending, margins and revenue growth. However, with SoFi stock down more than 62% year-to-date, at least one...

SoFi Technologies Inc. (NASDAQ: SOFI) reported second-quarter (Q2) revenue of more than $356 million. That's up 50.1% year-over-year, beating analyst projections by $11.62 million. BofA Securities on SoFi Technologies Analyst Mihir Bhatia reiterated a Neutral rating and price target of $8. SoFi...

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,...

SoFi Technologies Inc (NASDAQ: SOFI) reported strong fourth-quarter results after the closing bell on Tuesday. The company has also issued its 2022 guidance ahead of Street expectations, driven by “benefits from its recently approved Bank Charter,” according to BofA Securities. The SoFi...

Investors are expecting interest rates to start rising sharply in coming months, and one analyst said Tuesday that rising rates are bad news for Rocket Companies Inc (NYSE: RKT). The Analyst: Bank of America analyst Mihir Bhatia downgraded Rocket from Neutral to Underperform and cut the price...

SoFi Technologies Inc (NASDAQ: SOFI) is poised to generate strong revenue and EBITDA growth driven by its Galileo platform and member growth initiatives, according to BofA Securities. The SoFi Technologies Analyst: Mihir Bhatia initiated coverage of SoFi Technologies with a Buy rating and $17 price...

Now that third-quarter earnings season is over for the mortgage insurance, one analyst refreshed his coverage for the group on Wednesday, including issuing two downgrades. The Analyst: Bank of America analyst Mihir Bhatia issued the following changes to his mortgage insurance coverage: MGIC...

While all of WEX Inc’s (NYSE: WEX) businesses are well-positioned for near-term tailwinds, its stock is currently trading at a discount to historical levels and appears attractive, according to BofA Securities. The WEX Analyst: Mihir Bhatia upgraded the rating for WEX from Neutral to Buy with...