-
BTIG Weighs LendingClub CFO Exit, Adjusted EBITDA Outlook Against Promising Loan Origination Growth
Tuesday, August 9, 2016 - 10:54am | 336Read More...Mark Palmer of BTIG remains bullish on LendingClub Corp's (NYSE: LC) outlook following the company's second quarter results. In a report published following LendingClub's results, the analyst stated the earnings print served as a "damage assessment for investors" following...
-
Square Silences Critics; BTIG Still Buying The Stock
Thursday, August 4, 2016 - 8:58am | 368Read More...Square Inc (NYSE: SQ) has silenced critics with its robust 2Q16 results, where the adjusted EBITDA handily beat the estimate and the consensus. BTIG’s Mark Palmer reiterated a Buy rating on the company, with a price target of $12. Critics Answered “With investor doubts about Square Inc...
-
Can Square's Online Lending Platform Survive Competition From American Express?
Friday, July 8, 2016 - 8:11am | 313Read More...Media reports last week suggested that American Express Company (NYSE: AXP) plans to launch an online loan platform targeting small businesses, raising questions around the ability of Square Inc’s (NYSE: SQ) small business lending unit, BTIG’s Mark Palmer said in a report. He...
-
LendingClub Filed Its 10Q: What To Take Away
Tuesday, May 17, 2016 - 8:42am | 236Read More...Shares of LendingClub Corp (NYSE: LC) are down 42 percent since the company disclosed accounting irregularities with its Q1 earnings press release on May 6. Additional details were disclosed in the company's 10Q filed after Monday's close. BTIG analyst Mark Palmer points out the main...
-
BTIG Still Buying LendingClub, But Cuts Price Target More Than 50% To $9
Tuesday, May 10, 2016 - 8:52am | 268Read More...LendingClub Corp (NYSE: LC) unexpectedly announced the departure of founder and CEO Renaud Laplanche, along with the termination or resignation of three other senior managers. BTIG’s Mark Palmer reiterated a Buy rating for the company, while slashing the price target from $21 to $9....
-
Morgan Stanley Downgrades On Deck, Which Is At 'The Mercy Of The Marketplace'
Thursday, May 5, 2016 - 1:15pm | 443Read More...Morgan Stanley has downgraded On Deck Capital Inc (NYSE: ONDK) to Equal-Weight from Overweight, citing erosion of near-term profitability from changes in funding mix. "[W]e think fluctuations in institutional demand could limit origination growth potential beyond 2016 and push out any meaningful...
-
Following Earnings Miss, BTIG Downgrades On Deck Capital
Tuesday, May 3, 2016 - 10:19am | 266Read More...On Deck Capital Inc (NYSE: ONDK) reported its 1Q16 results on May 2, with the earnings missing expectations driven by gross revenue that came in below the low end of the guidance range. BTIG’s Mark Palmer downgraded the rating on the company from Buy to Neutral, following the earnings miss....
-
BTIG's Mark Palmer Talks Santander Consumer Holdings USA Buyout Rumor Talk
Tuesday, April 26, 2016 - 4:49pm | 294Read More...Shares of Santander Consumer USA Holdings Inc (NYSE: SC) briefly spiked as high as $12.19 early Tuesday, and over $14 in the pre-market session. A El Confidencial report attributes last Friday’s brief spike to near $13 and Tuesday morning’s strong open to rumors of a potential buyout...
-
BTIG Downgrades Square, Waiting For A Pullback
Thursday, March 31, 2016 - 9:12am | 268Read More...Shares of Square Inc (NYSE: SQ) have surged more than 40 percent since the beginning of March. BTIG’s Mark Palmer downgraded the rating for the company from Buy to Neutral, and removed the price target of $15, saying that shares had already reached the price target. Analyst Mark Palmer...
-
BTIG Steps To The Sidelines On GreenDot
Friday, March 18, 2016 - 9:50am | 231Read More...BTIG’s Mark Palmer downgraded the rating for Green Dot Corporation (NYSE: GDOT) from Buy to Neutral, after the company’s shares surged 25 percent in one month and reached the prior price target of $23. Although Green Dot has significant trapped earnings power, the same is unlikely...
-
BTIG Downgrades First Data To Neutral
Monday, March 7, 2016 - 1:20pm | 324Read More...BTIG has downgraded First Data Corp (NYSE: FDC) to Neutral from Buy on valuation, sending its stock down 5 percent. The brokerage also removed the price target of $13 following the achievement of that level. "We believe FDC's shares are now fairly valued following a strong rebound from...
-
BTIG Upgrades Green Dot; Sees Sale Unlocking Franchise Value
Tuesday, February 16, 2016 - 11:44am | 339Read More...Green Dot Corporation (NYSE: GDOT) shares have gained 5 percent since February 9. BTIG’s Mark Palmer upgrading the rating for the company from Neutral to Buy, while maintaining a price target of $23. A sale of Green Dot may unlock substantial franchise value and earnings power,...
-
Wall Street Tears Up First Data, But Analysts Confident In 2016 Outlook
Wednesday, February 10, 2016 - 2:43pm | 461Read More...The Street smashed First Data Corp (NYSE: FDC) on Wednesday after the payment processor released disappointing fourth-quarter results. The company posted fourth-quarter revenues of $2.96 billion, short of analyst's $2.98 billion figure. However, earnings beat expectations at $0.32 over...
-
UPDATE: BTIG Research Initiates Coverage On Deck Capital On Position For Outsize Growth
Tuesday, January 20, 2015 - 10:58am | 94Read More...In a report published Tuesday, BTIG Research analyst Mark Palmer initiated coverage on On Deck Capital Inc (NYSE: ONDK) with a Buy rating and $25.00 price target. In the report, BTIG Research noted, “We are initiating coverage of OnDeck Capital (ONDK) with a BUY recommendation and a price target of...
-
BTIG Downgrades Synchrony Financial Following Achievement Of Price Objective
Monday, December 22, 2014 - 10:17am | 147Read More...Mark Palmer of BTIG Research downgraded shares of Synchrony Financial (NYSE: SYF) to Neutral from Buy after shares recently traded at his $30 price target. “While we continue to be impressed by Synchrony Financial's best-in-class capital ratios, strong liquidity and growing deposit base, we believe...
