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Not Paying Your Bills? Wall Street Worries That Too Many Credit Card Balances Are Turning Delinquent
Tuesday, September 17, 2024 - 2:46pm | 555Read More...Stocks held by consumer-lending firms fell last week after Wall Street executives warned of lower-income borrowers’ struggling to pay bills. What Happened: Banking executives at a recent Barclays conference in New York noted how delinquencies are on the rise, the Wall Street Journal reported...
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Analysts Discuss Libra's Impact On Facebook, Cryptocurrencies And The Payments Market
Wednesday, June 19, 2019 - 11:34am | 730Read More...Facebook, Inc. (NASDAQ: FB) officially announced its new Libra cryptocurrency, and a pair of Wall Street analysts weighed in on Libra’s impact on Wednesday. Credit Suisse’s Take Unlike other cryptocurrencies like bitcoin and Ethereum, Libra will be backed by a basket of fiat currencies...
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Analysts Weigh In On Elevate Credit After 40% Plunge
Tuesday, October 30, 2018 - 4:51pm | 416Read More...Shares of Elevate Credit Inc (NYSE: ELVT), a provider of online credit solutions for non-prime consumers, plummeted 38 percent following its third-quarter earnings report. The company highlighted an "unexpectedly challenging" quarter, including "delays in rolling out new technology...
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Street Reacts To American Express' Beat-And-Raise Quarter
Friday, October 19, 2018 - 1:01pm | 628Read More...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...
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Credit Suisse Previews Specialty Finance Companies On Deck To Report Earnings
Monday, July 2, 2018 - 4:08pm | 967Read More...Specialty finance companies are on deck to release their respective earnings reports. Here's a summary of what investors can expect and should look out for, according to Credit Suisse. The Analyst Credit Suisse's Moshe Orenbuch previewed the specialty finance sector. What To Expect...
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Consensus On Curo Leans Positive As Sell-Side Launches Coverage
Tuesday, January 2, 2018 - 5:44pm | 558Read More...With the IPO quiet period for consumer finance company Curo Group Holdings Corp (NYSE: CURO) expiring, sell-side analysts initiated coverage on the company Tuesday. The Analysts Credit Suisse analyst Moshe Orenbuch initiated coverage of Curo with an Outperform rating and $21 price...
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Analyst: Navient Stock Is Simply Too Cheap, Buy It
Friday, September 8, 2017 - 11:25am | 469Read More...Can things get any worse for Navient Corp (NASDAQ: NAVI)? Not according to Credit Suisse’s Moshe Orenbuch. By his estimates, Navient’s nearing the bottom. The education-services firm is down 20 percent year to date, and after a sharp, 4.7-percent sell-off Thursday, Orenbuch perceived a...
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Credit Suisse's Top 10 Financial Stocks: Schwab Out, Goldman In
Monday, December 7, 2015 - 2:42pm | 758Read More...The financial sector has lagged the overall market in 2015, and the Select Sector Financial Slct Str SPDR Fd (NYSE: XLF) has gained 0.2 percent versus the S&P 500’s 1.5 percent gain year-to-date. For the first time in two months, Credit Suisse analysts have updated their top financial...
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Time To Buy Ally Financial, Credit Suisse Says
Wednesday, July 29, 2015 - 7:57am | 196Read More...In a report published Wednesday, Credit Suisse analyst Moshe Orenbuch upgraded the rating on Ally Financial Inc (NYSE: ALLY) from Neutral to Outperform, while raising the price target from $25 to $27, on expectations of improvement in the company's loan growth and capital return....
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Credit Suisse Reiterates Neutral, Raises PT On Ally Financial On Strong Capital Return
Friday, March 20, 2015 - 8:07am | 149Read More...In a report published Friday, Credit Suisse analyst Moshe Orenbuch reiterated a Neutral rating on Ally Financial Inc. (NYSE: ALLY), and raised the price target from $24.00 to $25.00. In the report, Credit Suisse noted, "Ally was granted permission to repurchase $1.3 bn of the Series G preferred (...
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UPDATE: Credit Suisse Initiates Coverage Synchrony Financial On Market Leader Position
Tuesday, September 9, 2014 - 10:48am | 101Read More...In a report published Tuesday, Credit Suisse analyst Moshe Orenbuch initiated coverage on Synchrony Financial (NYSE: SYF) with an Outperform rating and $30.00 price target. In the report, Credit Suisse noted, “SYF provides credit cards and small and medium credit products for retail purchases and...
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UPDATE: Credit Suisse Reiterates On CIT Group On OneWest Margin Pressure
Thursday, August 21, 2014 - 10:06am | 88Read More...In a report published Thursday, Credit Suisse analyst Moshe Orenbuch reiterated a Neutral rating on CIT Group (NYSE: CIT), but lowered the price target from $50.00 to $48.00. In the report, Credit Suisse noted, “Two-thirds of OneWest's loans in 2013 were higher-yielding legacy loans. As these...
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UPDATE: Credit Suisse Initiates Coverage On SLM As Growth Engine Is Worth A Premium
Thursday, May 1, 2014 - 8:49am | 98Read More...In a report published Thursday, Credit Suisse analyst Moshe Orenbuch initiated coverage on SLM (NASDAQ: SLM) with an Outperform rating and $11.00 price target. In the report, Credit Suisse noted, “We are initiating coverage of the new SLM Corp, also known as Sallie Mae Bank, with an Outperform...
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Wall Street Analysts Update Estimates for Visa Following Q1 Earnings
Friday, April 25, 2014 - 4:31pm | 225Read More...Shares of Visa (NYSE: V) are down 4.7 percent to $199.57 in Friday's trading following mixed first quarter results. Wall Street analysts have been busy updating their outlooks going forward. Deutsche Bank analyst Bryan Keane remains “comfortable with Visa's ability to accelerate revenue growth...
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UPDATE: Credit Suisse Initiates Coverage on Santander Consumer USA on Market Leader Position
Tuesday, March 4, 2014 - 8:55am | 103Read More...In a report published Tuesday, Credit Suisse analyst Moshe Orenbuch initiated coverage on Santander Consumer USA (NYSE: SC) with an Outperform rating and $29.00 price target. In the report, Credit Suisse noted, “We are initiating coverage of Santander Consumer USA with an Outperform rating....
