-
E*TRADE To BlackRock: Here Are Barclays' New Favorite Financials
Monday, September 11, 2017 - 10:33am | 672Barclays recently initiated coverage on more than a dozen financial sector stocks. The firm was mostly bullish on the space, with a handful of exceptions. Here’s a breakdown of what Barclays had to say. Brokers, Asset Managers And Exchanges Analyst Jeremy Campbell has a Neutral overall...
-
Buy American? American Express Recovery Is Not Without Its Risks
Thursday, July 20, 2017 - 9:21am | 514Despite posting better-than-expected second-quarter earnings results, American Express Company (NYSE: AXP) shares fell during Wednesday’s after-hours trading session. This led Barclays analyst Mark DeVries to realize while the stock might be recovering nicely, there are still risks. “...
-
Don't Expect Much Color On Government Lawsuits When Navient Reports Q1 Results
Wednesday, April 12, 2017 - 11:23am | 436Student loan servicer Navient Corp (NASDAQ: NAVI) has been embroiled in controversy for years, but Barclays analysts don’t think proliferating allegations of abuse bear much relevance to the company’s quarterly earnings. “We await the conclusion around the [Consumer Financial...
-
Barclays 'Little Concerned' With Prospect Capital's Core Earnings Run Rate
Wednesday, August 31, 2016 - 1:58pm | 252Barclays is "little concerned" with Prospect Capital Corporation (NASDAQ: PSEC)'s core earnings run rate, excluding one-off items, as it reiterated its Equal-Weight rating on the stock following the online lender's Q4 results. Prospect Capital reported net investment income of...
-
Everything That Can Go Wrong Is Going Wrong For Santander, According To Barclays
Tuesday, July 26, 2016 - 3:12pm | 325Barclays has downgraded Santander Consumer USA Holdings Inc (NYSE: SC) to Equal Weight from Overweight after the company said it will delay reporting second-quarter earnings and even possibly restate its prior period's financial statements. The latest development is "just another in a series of...
-
A Preview Of CIT Group's Q2 From Barclays
Wednesday, July 13, 2016 - 3:28pm | 344Barclays analysts Mark DeVries and Terry Ma expect CIT Group Inc. (NYSE: CIT)'s income from continuing operations to top consensus by $0.04 a share in the second quarter. While they estimate $0.81 a share, the Street is looking for $0.77 a share for the second quarter. However, the two analysts...
-
Why Synchrony Financial Remains Barclays' Most Attractive Credit Card Stock
Wednesday, July 13, 2016 - 2:44pm | 276Barclays said Synchrony Financial (NYSE: SYF) remains its most attractive credit card stock following its recently announced capital plans. Last week, the company answered investors' biggest question when it announced its first dividend and buyback program ($0.13/share and $952 million,...
-
Barclays Sees Better-Than-Expected Q2 EPS From OneMain Holdings
Wednesday, July 13, 2016 - 2:27pm | 237Barclays expects OneMain Holdings Inc (NYSE: OMF) to report better-than-expected earnings for the second quarter on strong core trends. Analyst Mark DeVries expects second quarter core earnings of $1.01 a share relative to consensus of $1.00 a share. The analyst estimates net-charge-offs of 7.3...
-
Barclays Sums Up Fed Stress Test Outcomes For Consumer Finance
Thursday, June 30, 2016 - 1:38pm | 354After the close Wednesday, American Express Company (NYSE: AXP) and Discover Financial Services (NYSE: DFS) submitted their Comprehensive Capital Analysis and Review (CCAR). Santander Consumer USA Holdings Inc (NYSE: SC) failed the qualitative test Wednesday. Barclay's Mark DeVries commented on the...
-
Barclays Upgrades Synchrony Financial On Competitive Positioning And Buybacks
Thursday, July 9, 2015 - 7:50am | 198In a report published Thursday, Barclays analyst Mark C. DeVries upgraded the rating on Synchrony Financial (NYSE: SYF) from Equal-Weight to Overweight, while raising the price target from $30 to $38, based on the company's robust competitive positioning and share buybacks. "After careful analysis...
-
Barclays Adjusts American Express' Model Downwards Following Costco Divorce
Friday, February 13, 2015 - 11:19am | 216In a report published Friday, Barclays analyst Mark DeVries commented that Costco Wholesale Corporation (NASDAQ: COST) represented a "meaningful" proportion of American Express Company's (NYSE: AXP) business. Following the separation of the two companies, the analyst was forced to change his...