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JPMorgan On Finance Stocks In 2021: Why It's Bullish On Credit Cards, Cautious On Mortgages
Tuesday, January 19, 2021 - 2:25pm | 557Read More...Financial sector stocks have been red-hot since the November election led by bank stocks as investors become increasingly optimistic about the impact of another large stimulus package, a resumption of buybacks and a longer-term economic recovery. On Tuesday, JPMorgan updated its coverage of...
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JPMorgan Upgrades Rocket Companies, Predicts Rotation To Credit-Sensitive Stocks
Friday, October 9, 2020 - 11:06am | 368Read More...Rocket Companies Inc (NYSE: RKT) shares traded slightly higher on Friday after a major Wall Street firm upgraded the stock. The Analyst: JPMorgan analyst Richard Shane upgraded Rocket Companies from Neutral to Overweight and cut his price target from $31 to $28.50. The Thesis: Shane said Rocket is...
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JPMorgan More Bullish On Credit Cards Ahead Of Q3 Earnings
Tuesday, October 2, 2018 - 11:44am | 605Read More...JPMorgan is turning upbeat on the credit card sector after year-to-date outperformance exceeded its outlook. The Analyst Analyst Richard Shane upgraded Discover Financial Services (NYSE: DFS) from Neutral to Overweight and increased the price target from $81 to $89. The analyst...
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Santander's Valuation Sends JPMorgan To Sidelines, But Analyst Sees Positive Long-Term Catalysts
Monday, July 9, 2018 - 1:51pm | 377Read More...After hitting a low of $15.75 in April, Santander Consumer USA Holdings Inc (NYSE: SC) shares have staged a decent rebound. The bank stock was hit with a downgrade from JPMorgan Monday, witht he sell-side firm citing limited upside potential relative to its price target after the rally....
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The Landscape Is Changing For Credit Card Companies: How To Invest In It
Friday, April 1, 2016 - 1:37pm | 576Read More...Although the concept of credit has been around for many generations, documented from as early as the late nineteenth century, credit in its current iteration and most frequently associated form (credit cards) is a fairly newer element of finance. While American Express Company (NYSE: AXP) was...
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JPMorgan Upgrades Capital One To Overweight
Friday, April 1, 2016 - 8:48am | 295Read More...Due to lower credit expenses over the past few years, Capital One Financial Corp. (NYSE: COF) has increased rewards, driving an increase in transactions volumes, as well as sustainable gains in market share. JPMorgan’s Richard Shane upgraded the rating on the company to Overweight, while...
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Navient's Selloff Was An Overreaction, JPMorgan Says
Tuesday, December 29, 2015 - 9:37am | 290Read More...Shares of Navient Corp (NASDAQ: NAVI) have declined 46.97 percent year-to-date, falling almost to their 52-week low on October 1 at $10.96. JPMorgan’s Richard Shane has maintained an Overweight rating on the company. Shane believes that the recent decline in the share price was an...
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UPDATE: J.P. Morgan Upgrades American Express On More Balanced Outlook
Thursday, October 16, 2014 - 7:21am | 124Read More...In a report published Thursday, J.P. Morgan analyst Richard Shane upgraded the rating on American Express Company (NYSE: AXP) from Underweight to Neutral, but lowered the price target from $95.00 to $90.00. In the report, J.P. Morgan noted, “AXP reported earnings Wednesday AMC. Billed business grew...
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UPDATE: J.P. Morgan Initiates Coverage On Synchrony Financial On Attractive Model With Room For Improvement
Tuesday, September 9, 2014 - 8:15am | 171Read More...In a report published Tuesday, J.P. Morgan analyst Richard Shane initiated coverage on Synchrony Financial (NYSE: SYF) with an Overweight rating and $30.00 price target. In the report, J.P. Morgan noted, “We are initiating coverage of Synchrony Financial with an Overweight rating and a $30 Dec 15...
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UPDATE: J.P. Morgan Reiterates on Fifth Street Finance Following Dividend Reduction
Friday, November 29, 2013 - 8:43am | 116Read More...In a report published Friday, J.P. Morgan analyst Richard Shane reiterated an Overweight rating on Fifth Street Finance Corp. (NASDAQ: FSC), but lowered the price target from $11.00 to $10.00. In the report, J.P. Morgan noted, “Fifth Street Finance (ticker: FSC) had a disappointing 4QFY2013, with...
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UPDATE: J.P. Morgan Initiates Coverage on Essent as Compelling Investment Opportunity
Monday, November 25, 2013 - 9:46am | 174Read More...In a report published Monday, J.P. Morgan analyst Richard Shane initiated coverage on Essent Group Ltd. (NYSE: ESNT) with an Overweight rating and $25.00 price target. In the report, J.P. Morgan noted, “We are initiating coverage of Essent Group, a new public company in the Private Mortgage...
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UPDATE: J.P. Morgan Downgrades WhiteHorse Finance on Fair Valuation
Tuesday, July 16, 2013 - 7:59am | 147Read More...In a report published Tuesday, J.P. Morgan analyst Richard Shane downgraded WhiteHorse Finance (NASDAQ: WHF) from Overweight to Neutral, but reiterated the $15.50 price target. In the report, J.P. Morgan noted, “We lower our rating to Neutral, as we believe the BDC is fairly valued at 1.03x NAV...
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UPDATE: J.P. Morgan Downgrades Discover Financial Services on Fair Valuation
Tuesday, July 16, 2013 - 7:56am | 141Read More...In a report published Tuesday, J.P. Morgan analyst Richard Shane downgraded Discover Financial Services (NYSE: DFS) from Overweight to Neutral, but raised the price target from $50.00 to $54.00. In the report, J.P. Morgan noted, “We lower our rating to Neutral from Overweight on DFS as we...
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UPDATE: J.P. Morgan Initiates Blackstone Mortgage Trust at Overweight on Unique Relationship With Blackstone
Monday, June 17, 2013 - 7:22am | 148Read More...In a report published on Monday, J.P. Morgan analyst Richard Shane initiated coverage on Blackstone Mortgage Trust (NYSE: BXMT) with a rating of Overweight and a price target of $28.50. In the report, J.P. Morgan stated, "We believe BXMT is uniquely positioned due to its relationship with...
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UPDATE: J.P. Morgan Initiates PennyMac Financial Services at Neutral on Current Uncertainty
Monday, June 3, 2013 - 7:38am | 153Read More...In a report published Monday, J.P. Morgan analyst Richard Shane initiated coverage on PennyMac Financial Services (NYSE: PFSI) with a Neutral rating and $21.00 price target. In the report, J.P. Morgan noted, “We are initiating coverage of PennyMac Financial Services with a Neutral rating and a...
