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'Tech Driven Growth Story': Analysts Initiate Coverage Of Rocket Companies Following Quiet Period
Monday, August 31, 2020 - 11:35am | 536Read More...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...
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American Express Shares On The Rise Following Strong Q1 Print
Thursday, April 20, 2017 - 10:08am | 324Read More...Shares of American Express Company (NYSE: AXP) were trading higher by over 3 percent Thursday morning after the company reported a better-than-expected first-quarter report. According to Arren Cyganovich, American Express' earnings report was "strong" and driven by "surprising" acceleration of...
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'Opportunities Abound' For Navient; D.A. Davidson Initiates With Buy Rating
Friday, January 6, 2017 - 10:38am | 313Read More...D.A. Davidson’s Arren Cyganovich believes that despite the recent rally in the share price, Navient Corp (NASDAQ: NAVI) shares continue to trade “below the intrinsic value of expected cash flows from its legacy loan businesses and from new avenues for growth ahead.” Cyganovich...
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A Preview Of Monthly Credit Card Metrics For November
Tuesday, December 13, 2016 - 11:00am | 650Read More...The monthly credit card figures for November are scheduled to be reported on Thursday. “We expect to see mostly higher credit card delinquencies and net charge-offs (NCOs), in line with seasonal trends,” DA Davidson’s Arren Cyganovich said in a report. Cyganovich added that loan...
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FS Investment Hints At A Surprising Openness To Raising Additional Equity
Thursday, August 11, 2016 - 10:52am | 335Read More...D.A. Davidson’s Arren Cyganovich mentioned FS Investment Corporation’s (NYSE: FSIC) 2Q results benefited from “a higher level of fee income as it recycled prepaying investments into existing portfolio companies.” Cyganovich maintained a Buy rating on the company, with a...
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American Express' Q2 Expected To Beat Street Estimates At D.A. Davidson
Friday, July 8, 2016 - 8:46am | 307Read More...D.A. Davidson’s Arren Cyganovich expects American Express Company (NYSE: AXP) to announce its earnings ahead of the consensus when it reports its 2Q16 results on July 20. Cyganovich maintains a Neutral rating on the company, with a price target of $66. The analyst expects American Express to...
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D.A. Davidson Analyst Preview Discover's Q2 Earnings
Friday, July 8, 2016 - 8:27am | 269Read More...Discover Financial Services (NYSE: DFS) is scheduled to report its 2Q16 results on July 19, after market close. D.A. Davidson’s Arren Cyganovich maintained a Buy rating on the company, with a price target of $62, and provided an earnings preview. While the price target is arrived at using...
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D.A. Davidson Upgrades Capital One To Buy, Maintains Price Target
Friday, July 8, 2016 - 8:25am | 289Read More...D.A. Davidson’s Arren Cyganovich believes Capital One Financial Corp. (NYSE: COF)'s credit quality continues to be stable, while loan growth has persisted for longer than expected and the stock valuation is attractive. Cyganovich upgraded the rating on the company from Neutral to Buy, with a...
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Buy The Dip In Synchrony, Says D.A. Davidson
Thursday, June 16, 2016 - 4:10pm | 295Read More...D.A. Davidson advised investors to buy in the dip in Synchrony Financial (NYSE: SYF) shares. The brokerage has a Buy rating with a price target of $37.00 on the shares. The investment firm said that the shares of the company overreacted to its fresh loss outlook of 20–30 bps. Analyst Arren...
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SLM Shares Initiated With Buy Rating, $9 Target At DA Davidson
Tuesday, March 22, 2016 - 10:23am | 302Read More...DA Davidson’s Arren Cyganovich initiated coverage of SLM Corp (NASDAQ: SLM) with a Buy rating and a price target of $9. SLM is a leading private education loan [PEL] provider in the US, with an estimated origination market share of 54 percent in 2015. SLM’s shares appear to be...
