Cheryl M. Pate

Walker & Dunlop, Inc. (NYSE: WD) shares have been trending south in 2016, and are down 29 percent since January 4. Morgan Stanley’s Cheryl M. Pate upgraded the rating for the company to Overweight, with a price target of $31. The company is poised for robust growth and its...

In a report published Friday, Morgan Stanley analyst Cheryl M. Pate reiterated an Equal-Weight rating and $30.00 price target on Nationstar Mortgage Holdings Inc. (NYSE: NSM). In the report, Morgan Stanley noted, "We lower our 2015e and 2016e EPS by 40c and 50c, respectively, to $2.80 and $3.33 on...

Ally Financial Inc's (NYSE: ALLY) improving results from its subprime auto lending sector will help chip away first-quarter consolidated net charge-offs, an analyst said Monday. The company's newly named Chief Executive Jeffrey J. Brown told Reuters last week that subprime lending will become...

In a report published Friday, Morgan Stanley analyst Cheryl M. Pate reiterated an Overweight rating on Ally Financial Inc (NYSE: ALLY), but lowered the price target from $30.00 to $27.00. In the report, Morgan Stanley noted, “With expected loss of a large portion of lease volume, expect longer...

American Express Company (NYSE: AXP) is scheduled to release its Q4 2014 earnings report after the market close on Wednesday. Analysts expect revenue of $8.53 billion with EPS of $1.38. Ahead of the earnings release, Goldman Sachs was bullish on the stock and Morgan Stanley analyst Cheryl M....

Morgan Stanley issued research notes on American Express Company (NYSE: AXP) and Discover Financial Services (NYSE: DFS) Wednesday and rated both companies Overweight. Analysts led by Cheryl M. Pate commented that “Discover's “It” card [is] driving above-industry loan...

In a report published Thursday, Morgan Stanley analyst Cheryl M. Pate reiterated an Overweight rating and $28.00 price target on Santander Consumer USA Holdings Inc (NYSE: SC). In the report, Morgan Stanley noted, “We come away from SC's investor day more positive on 1) risk-adjusted margins in...

In a report published Thursday, Morgan Stanley analyst Cheryl M. Pate reiterated an Equal-Weight rating and $23.00 price target on American Capital Agency Corp. (NASDAQ: AGNC). In the report, Morgan Stanley noted, “In the near term, AGNC remains comfortable with the agency space given strong...

In a report published Thursday, Morgan Stanley analyst Cheryl M. Pate reiterated an Equal-Weight rating on PHH (NYSE: PHH), and raised the price target from $24.00 to $26.00. In the report, Morgan Stanley noted, “Following the completed Fleet sale, we revise our operating estimates higher on (1) a...

In a report published Tuesday, Morgan Stanley analyst Cheryl M. Pate reiterated an Equal-Weight rating on PHH (NYSE: PHH), but removed the $24.00 price target. In the report, Morgan Stanley noted, “The $450m in buyback authority, with $200m accelerated following 2Q earnings, is faster and slightly...

In a report published Thursday, Morgan Stanley analyst Cheryl M. Pate reiterated an Equal-Weight rating and $46.00 price target on CIT Group (NYSE: CIT). In the report, Morgan Stanley noted, “CIT has taken several actions to deploy excess capital this quarter through the forms of capital return and...

In a report published Tuesday, Morgan Stanley analyst Cheryl M. Pate reiterated an Equal-Weight rating on PHH (NYSE: PHH), and raised the price target from $23.00 to $24.00. In the report, Morgan Stanley noted, “We have updated our model and estimates for the announced fleet sale. Though the exact...

In a report published Monday, Morgan Stanley analyst Cheryl M. Pate reiterated an Overweight rating and $30.00 price target on Santander Consumer USA Holdings (NYSE: SC). In the report, Morgan Stanley noted, “While SC was conservatively being more selective in Chrysler Capital loan volumes early in...