Fund – SGB Sports http://sgb-sports.com/ Sat, 24 Sep 2022 14:54:16 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://sgb-sports.com/wp-content/uploads/2021/05/sbg-sports-icon-150x150.png Fund – SGB Sports http://sgb-sports.com/ 32 32 Personal finance: As “buy now, pay later” plans grow, so do delinquencies https://sgb-sports.com/personal-finance-as-buy-now-pay-later-plans-grow-so-do-delinquencies/ Sat, 24 Sep 2022 14:54:16 +0000 https://sgb-sports.com/personal-finance-as-buy-now-pay-later-plans-grow-so-do-delinquencies/ Americans have become fond of “buy now, pay later” services, but the “pay later” part is becoming increasingly difficult for some borrowers.

Buy now, pay later loans allow users to pay for items such as new sneakers, electronics, or luxury goods in installments. Companies such as Affirm, Afterpay, Klarna, and PayPal have created popular financial products around these short-term loans, especially for young borrowers who fear endless credit card debt.

Now, as the industry accumulates customers, chargebacks are on the rise. Inflation squeezes consumers, making it harder to pay off debt. Some borrowers do not budget properly, especially if persuaded to take out multiple loans, while others may have been credit risks to begin with.

“You have an industry with a higher concentration of subprime borrowers in a market that hasn’t been effectively tested (that kind of economy), and you have a kind of toxic brew of worries,” Michael Taiano said. , an analyst at Fitch Ratings, who co-authored a report in July highlighting some of the industry’s concerns.

The most popular type of buy now, pay later loan allows for four payments over six weeks – one payment at the time of purchase and three more that borrowers often try to synchronize with pay periods. Longer term loans for larger purchases are also available. Most short-term loans bear no interest. Companies that charge interest can clearly state in advance how much a borrower will pay in finance charges.

Given these characteristics, consumer advocates and financial advisors initially saw buy now, pay later plans as a potentially healthier form of consumer debt if used correctly. The main concern was late fees, which could be a heavy financial burden on a small purchase if a borrower was late on a payment. Fees can reach $34, plus interest. But now that chargebacks are on the rise and companies are more aggressive in marketing their products, advocates see the need for additional regulation.

The industry is growing rapidly, according to a report by the Consumer Financial Protection Bureau. Americans took out about $24.2 billion in loans under buy-it-now, pay-later programs in 2021, up from just $2 billion in 2019. That industry-wide figure is not expected than climb even more. Klarna customers purchased $41 billion worth of products on its service globally in the first six months of the year, up 21% from a year ago. At PayPal, revenue from its “buy now, pay later” services more than tripled in the second quarter to $4.9 billion.

Technology analyst Jasmine Francis, 29, said she first used a buy now, pay later service in 2018 to buy clothes from fast fashion brand Forever21.

“I remember I just got a cart,” she said. “At first I thought, ‘Something has to go back’, then I saw Afterpay at checkout – you don’t pay for everything right now, but you get it right away. It was from music to my ears.

It is unclear to what extent clients are using buy now, pay later loans healthily. Fitch found that chargebacks on these services rose sharply in the 12 months ended March 31, while chargebacks on credit cards remained flat. And according to the CFPB, a growing percentage of the loans the industry makes are being written off — or loans it considered so delinquent they were likely uncollectible. The industry charge rate was 2.39% in 2021, a figure that is now likely higher given the economic turmoil this year. In 2020, this figure was 1.83%.

“This upward trend in delinquencies continues,” CFPB director Rohit Chopra said on a call with reporters.

Credit reporting company TransUnion found that buy now, pay later borrowers are using the product just as much as credit cards, racking up debt on top of additional debt. A Morning Consult poll released this week found that 15% of buy now, pay later customers use the service for routine purchases, such as groceries and gas, a pattern of behavior that is ringing alarm bells at home. financial advisers. The CFPB report also found that a small but growing number of Americans also use these products for routine purchases.

“If these buy now, pay later plans aren’t budgeted properly, they can have a cascading impact on a person’s entire financial life,” said André Jean-Pierre, a former Morgan Stanley wealth adviser who now runs his own financial planning company focused on helping black Americans save and budget properly.

Another concern of consumer advisors and advocates, as well as lawmakers and regulators in Washington, is the ease with which consumers can layer on these installment loans.

Speaking at a Senate Banking Committee hearing on new financial products, Sen. Sherrod Brown, D-Ohio, highlighted the benefits of plans that allow consumers to pay for things in installments. But he also criticized the way the industry promotes the plans.

“The ads encourage consumers to use these bundles for multiple purchases, across multiple online stores, racking up debt they can’t afford to repay,” Brown said.

Short-term loans are potentially problematic because they are not reported on a consumer’s credit profile with Transunion and Experian. Additionally, buy now, pay later, industry customers are young, which means they have little credit history. In theory, a borrower could take out multiple short-term loans across multiple buy-now, pay-later businesses — a practice known as “loan stacking” — and they would never show up on a credit report. If a person puts in too many buy now, pay later items, budgeting can be difficult.

“It’s a blind spot for the industry,” Fitch’s Taiano said.

In a statement, the industry trade group “buy now, pay later” pushed back on the characterization that its products could burden borrowers with too much debt.

“With zero to low interest rates, flexible payment terms and transparent terms and conditions, BNPL helps consumers manage their cash responsibly and live healthier financial lives,” said Penny Lee, CEO of the Financial Technology Association.

Meanwhile, providers of buy-it-pay-later services see rising chargebacks as a natural consequence of growth, but also an indication that inflation is hitting the Americans most likely to use these services the most. harder.

“We’ve seen some stress (among those with the lowest credit scores), and those are starting to struggle,” said Max Levchin, founder and CEO of Affirm, one of the largest businesses that buy now, pay later.

“I wouldn’t call it some sort of preamble to a potential slowdown, but it’s not the same kind of smooth sailing,” he said, adding that Affirm is taking a more conservative approach to loans.

Buy now, pay later took off in the United States after the Great Recession. Analysts said the product was largely untested during a large period of financial hardship, unlike mortgages, credit cards or car loans.

Despite these concerns, the consensus is buy now, pay later, companies are here to stay. Affirm, Klarna, Afterpay, which is owned by Block Inc., as well as PayPal and others are now widely integrated into internet commerce.

Moreover, the growth of the industry attracts more and more players. Tech titan Apple announced earlier this summer Apple Pay Later, where users can make purchases on a four-payment plan over six weeks.

“I usually schedule the purchases I make using PayPal ‘Pay in 4’ so that my due dates for purchases land on my payment dates because due dates are every two weeks,” said said Desiree Moore, 35.

Moore said she tries to use buy-it-now, pay-later plans to cover purchases that aren’t part of her usual monthly budget, so as not to take money away from her children’s needs. She is increasingly using the plans with inflation making items more expensive and so far able to keep up with the payments.

Francis, the technical analyst, said it is now common for his friends to pay for trips with installment loans, so as not to completely empty their bank accounts in an emergency.

“If I come back from vacation and I have two flat tires, and I just spent all that money on plane tickets, that’s $400 that you don’t have right now,” he said. she stated. “Most people don’t have savings. They’ve got just enough for those flat tires.

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Splitit eLearning MSV increased by 350% since 2019 https://sgb-sports.com/splitit-elearning-msv-increased-by-350-since-2019/ Thu, 22 Sep 2022 21:05:10 +0000 https://sgb-sports.com/splitit-elearning-msv-increased-by-350-since-2019/

Merchant sales volume for the e-learning market has grown 350% since 2019 for education and professional development providers using Splitit white-label buy now, pay later (BNPL).

Splitit has more than 100 clients offering online or offline training, including upGrad, Simplilearn, Fortuna Admissions, ThinkLouder, and Knowledgehut, according to a Wednesday, September 21. Press release.

“The challenges of the past few years have caused many people to re-evaluate their lives, their focus and their priorities,” said the CEO of Splitit. Nandan Sheth said in the press release. “Whether they’re looking to improve their career skills, transition into a new career, or grow personally, Splitit makes it easy by allowing students to spread the cost of education over several months.”

See also: Splitit Drives Payouts-as-a-Service Growth with A$10.5M Funding

He added that for online courses ranging in price from $2,000 to $5,000, Splitit offers installment options to pay in four, six or 12 installments. Its approval ratings average over 80%.

One month into the third quarter of this year, Splitit has already seen a 225% increase in quarterly merchant sales growth, according to the release.

On average, students spend $1,500 over 8.5 installments in 2022, compared to $1,240 over 7.26 in 2021.

Myleeta AgaWilliams, CEO of upGrad International, Asia’s largest superior EdTech company, said its mission is to “transform the lives and careers” of students around the world and stay with them for life in as a learning partner.

Read more: Splitit partners with letus to bring installment billing to the rental market

“Working with a partner like Splitit gives our students the flexibility to spread the costs of education over time without interest or additional fees. This flexibility helps ease the extra burden allowing students to focus on learning” , said AgaWilliams.

Splitit’s Installments-as-a-Service platform offers easy installment payments through a merchant-branded experience. Instead of creating new loans, Splitit “unlocks existing consumer credit on payment cards” to make enrollment easier. Splitit also supports higher ticket sizes, which is important for the eLearning category.

New PYMNTS Study: How Consumers Use Digital Banks

A PYMNTS survey of 2,124 US consumers shows that while two-thirds of consumers have used FinTechs for some aspect of banking, only 9.3% call them their primary bank.

We are always looking for partnership opportunities with innovators and disruptors.

Learn more

https://www.pymnts.com/news/investment-tracker/2022/splitit-drives-installments-as-a-service-growth-with-a10-5m-funding/partial/

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Cash Express, LLC Files Data Breach Notice for Unauthorized Access to Company’s Computer Network | Console and Associates, PC https://sgb-sports.com/cash-express-llc-files-data-breach-notice-for-unauthorized-access-to-companys-computer-network-console-and-associates-pc/ Tue, 20 Sep 2022 18:07:32 +0000 https://sgb-sports.com/cash-express-llc-files-data-breach-notice-for-unauthorized-access-to-companys-computer-network-console-and-associates-pc/

On September 15, 2022, Cash Express, LLC filed a data breach with the Montana Attorney General after the company suffered a data breach involving an unauthorized party with access to sensitive consumer data contained on Cash’s network. Express. According to Cash Express, the breach resulted in the compromise of first and last names, dates of birth, contact information, social security numbers, driver’s license numbers and financial information belonging to certain individuals. Recently, Cash Express sent data breach letters to all affected parties, informing them of the incident and what they can do to protect themselves against identity theft and other fraud.

What we know about the Cash Express data breach

News of the Cash Express data breach comes from the company’s official filing with the Montana Attorney General as well as a notice posted on the Cash Express website. According to these sources, on February 6, 2022, the company detected unusual activity on its computer network. In response, Cash Express secured its systems and then hired a third-party data security company to help investigate the company.

As a result of this investigation, Cash Express has confirmed that an unauthorized party gained access to certain files on the company’s computer network between the dates of January 29, 2022 and February 6, 2022. It was also disclosed to the During the investigation that some of the files accessed by the unauthorized party contained sensitive consumer information.

After discovering that consumer data was accessible to an unauthorized party, Cash Express then reviewed the affected files to determine what information was compromised and which consumers were affected. The company completed its review of the affected files on August 4, 2022. While the information disclosed will vary depending on the individual, it may include your first and last name, date of birth, contact information, social security number, your driver’s license number and financial information.

On September 15, 2022, Cash Express sent data breach letters to everyone whose information was compromised as a result of the recent data security incident.

Founded in 1995, Cash Express, LLC is a check cashing company based in Cookeville, Tennessee. The Company offers a variety of loans and related services to its customers, including flexible loans, payday loans, installment loans, title loans, check cashing services, pawnbrokers, and more. Cash Express has dozens of locations in Tennessee, Kentucky, Georgia, and Arkansas. Cash Express employs over 240 people and generates approximately $52 million in annual revenue.

How Hackers Use Social Security Numbers

Hackers and other cybercriminals are constantly developing new ways to obtain consumers’ personal information. Social security numbers are perhaps the most valuable of all information, from a hacker’s perspective. But how can they take advantage of your stolen SSN? Most people assume that identity theft or unauthorized transactions are the worst damage that can result from a data breach; however, this is not necessarily the case, especially when they get your social security number.

Criminals have several ways to profit from stolen social security numbers.

Open credit cards or take out loans

The most common harm from a data breach is that hackers use your information to open a new line of credit, such as a new credit card or personal loan. This gives criminals quick access to a large sum of money that they can use to purchase goods on your behalf. To open a new credit account, a hacker needs your social security number, as well as your name, date of birth, and address. However, once they have your name and social security number, getting the other information won’t be too much of a hassle. For example, in the Cash Express data breach, all of these types of data appear to have been leaked. And even if a hacker is missing certain information, they may gain access to your other data through another data breach, an existing database of compromised information, or by searching online using the information. volleys he already has.

Tax refund fraud

A hacker who steals your social security number can quite easily file a fraudulent tax return on your behalf in hopes of intercepting your tax refund. To do this, they just need to file a tax return in your name before you do. Unfortunately, victims of tax refund fraud often don’t realize they’ve been targeted until the IRS rejects their tax return because it’s already been filed. To reduce the chances of a hacker successfully committing tax refund fraud, you should file your tax return as soon as possible.

Open fraudulent utility accounts

According to the Federal Trade Commission, 13% of fraud incidents in 2016 involved criminals setting up new phone and utility accounts. Although the harms of utility fraud may not seem as great as those of other types of fraud, the regulations surrounding the utility industry can make resolving a utility fraud case extremely difficult and time-consuming. To open a utility account, all a hacker needs is your name, address, and social security number.

Of course, in many cases the hackers are not committing identity theft or fraud themselves. Instead, they post your information for sale on the dark web and resell it to the highest bidder. This allows hackers to make a quick profit and move on to the next cyberattack and the next group of victims.

The Cash Express data breach is still under investigation; however, even at this early stage, it appears that those affected by the incident are at increased risk of identity theft and other fraud. If you have done business with Cash Express and would like to review the company’s data breach letter and learn more about your legal options, click here to review our recent article on the subject.

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Eagle Bancorp, Inc. (NASDAQ:EGBN) Brief Interest Update https://sgb-sports.com/eagle-bancorp-inc-nasdaqegbn-brief-interest-update/ Sun, 18 Sep 2022 22:55:34 +0000 https://sgb-sports.com/eagle-bancorp-inc-nasdaqegbn-brief-interest-update/

Eagle Bancorp, Inc. (NASDAQ: EGBN – Get a rating) benefited from a significant drop in short-term interest rates in August. As of August 31, there was short interest totaling 763,600 shares, down 15.1% from the total of 899,500 shares as of August 15. Approximately 2.4% of the company’s shares are sold short. Based on an average daily volume of 171,600 shares, the day-to-cover ratio is currently 4.4 days.

Institutional entries and exits

Major investors have recently changed their stake in the company. Teacher Retirement System of Texas increased its stake in Eagle Bancorp by 18.4% in Q4. Teacher Retirement System of Texas now owns 6,087 shares of the financial services provider valued at $355,000 after buying 946 additional shares in the last quarter. Citigroup Inc. increased its holdings of Eagle Bancorp shares by 38.5% during the fourth quarter. Citigroup Inc. now owns 26,506 shares of the financial services provider worth $1,547,000 after purchasing an additional 7,369 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of Eagle Bancorp in the fourth quarter worth $1,521,000. JPMorgan Chase & Co. raised its position in Eagle Bancorp by 60.6% in the fourth quarter. JPMorgan Chase & Co. now owns 158,591 shares of the financial services provider worth $9,252,000 after buying an additional 59,870 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Eagle Bancorp by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 280,614 shares of the financial services provider worth $16,372,000 after buying 3,917 additional shares during the period. 73.95% of the shares are currently held by institutional investors.

A Wall Street analyst gives his opinion

Separately, StockNews.com upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a Friday, September 9 research note.

Eagle Bancorp Price Performance

Eagle Bancorp shares were down $0.17 on Friday, hitting $46.79. 337,702 shares were traded, against an average volume of 115,077. The company’s 50-day moving average is $48.18 and its 200-day moving average is $50.70. The company has a market capitalization of $1.50 billion, a PE ratio of 9.63 and a beta of 0.92. The company has a debt ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79. Eagle Bancorp has a one-year low of $44.85 and a one-year high of $63.84.

Eagle Bancorp (NASDAQ:EGBN – Get a rating) last reported quarterly earnings data on Wednesday, July 20. The financial services provider reported earnings per share of $0.78 for the quarter, missing the consensus estimate of $1.15 per ($0.37). Eagle Bancorp had a return on equity of 13.01% and a net margin of 39.92%. The company posted revenue of $88.48 million for the quarter, versus a consensus estimate of $91.00 million. In the same quarter of the previous year, the company had earned earnings per share of $1.50. As a group, analysts expect Eagle Bancorp to post 4.97 EPS for the current fiscal year.

About Eagle Bancorp

(Get a rating)

Eagle Bancorp, Inc operates as a bank holding company for EagleBank which provides commercial and consumer banking services primarily in the United States. The Company also offers various consumer and commercial loan products including commercial loans for working capital, equipment purchase, home equity lines of credit and government contract financing; asset-based lending and accounts receivable financing; construction loans and commercial real estate; commercial equipment financing; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans, such as car and personal loans; personal credit cards; and residential mortgages.

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This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider Eagle Bancorp, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Eagle Bancorp was not on the list.

While Eagle Bancorp currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

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Washington Trust Bancorp, Inc. Announces Quarterly Dividend of $0.54 (NASDAQ: WASH) https://sgb-sports.com/washington-trust-bancorp-inc-announces-quarterly-dividend-of-0-54-nasdaq-wash/ Fri, 16 Sep 2022 22:25:01 +0000 https://sgb-sports.com/washington-trust-bancorp-inc-announces-quarterly-dividend-of-0-54-nasdaq-wash/

Washington Trust Bancorp, Inc. (NASDAQ:WASH – Get a rating) announced a quarterly dividend on Friday, September 16, the wall street journal reports. Shareholders of record on Monday October 3 will receive a dividend of 0.54 per share from the financial services provider on Friday October 7. This represents an annualized dividend of $2.16 and a yield of 4.32%. The ex-date of this dividend is Friday, September 30.

Washington Trust Bancorp has increased its dividend payout by an average of 6.1% per year over the past three years and has increased its dividend annually for the past 11 consecutive years. Washington Trust Bancorp has a payout ratio of 49.2%, which means its dividend is sufficiently covered by earnings. Analysts expect Washington Trust Bancorp to earn $4.53 per share next year, meaning the company should continue to be able to cover its $2.16 annual dividend with a payout ratio. expected future of 47.7%.

Performance of Washington Trust Bancorp shares

Shares of WASH traded at $0.56 on Friday, hitting $50.02. The stock had trading volume of 232,383 shares, compared to an average volume of 57,184. Washington Trust Bancorp has a 1-year low of $45.60 and a 1-year high of $60.96. The company has a 50-day simple moving average of $51.72 and a 200-day simple moving average of $50.62. The stock has a market capitalization of $858.89 million, a P/E ratio of 11.50 and a beta of 0.78. The company has a debt ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91.

Washington Trust Bancorp (NASDAQ: WASH – Get a rating) last released its quarterly results on Monday, July 25. The financial services provider reported EPS of $1.14 for the quarter, beating consensus analyst estimates of $0.91 by $0.23. Washington Trust Bancorp had a return on equity of 14.28% and a net margin of 31.97%. In the same quarter of the previous year, the company achieved EPS of $1.00. Equity research analysts expect Washington Trust Bancorp to post EPS of 4.19 for the current year.

Washington Trust Bancorp Institutional Trading

Hedge funds and other institutional investors have recently changed their positions in the company. Captrust Financial Advisors increased its stake in Washington Trust Bancorp by 16,450.0% during the second quarter. Captrust Financial Advisors now owns 662 shares of the financial services provider worth $32,000 after buying an additional 658 shares during the period. Legal & General Group Plc increased its position in Washington Trust Bancorp by 1.7% in the second quarter. Legal & General Group Plc now owns 15,302 shares of the financial services provider valued at $740,000 after acquiring an additional 254 shares last quarter. Goldman Sachs Group Inc. increased its position in Washington Trust Bancorp shares by 32.6% in the second quarter. Goldman Sachs Group Inc. now owns 29,876 shares of the financial services provider valued at $1,445,000 after purchasing an additional 7,338 shares during the period. First Republic Investment Management Inc. increased its stake in Washington Trust Bancorp by 6.9% during the second quarter. First Republic Investment Management Inc. now owns 11,497 shares of the financial services provider worth $556,000 after buying an additional 744 shares last quarter. Finally, Price T Rowe Associates Inc. ® increased its holding in shares of Washington Trust Bancorp by 4.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 6,827 shares of the financial services provider valued at $330,000 after acquiring an additional 265 shares during the period. Hedge funds and other institutional investors hold 71.44% of the company’s shares.

A Wall Street analyst gives his opinion

Several analysts have recently weighed in on the stock. Compass Point raised its price target on shares of Washington Trust Bancorp to $60.00 and gave the company an “outperform” rating in a Wednesday, July 27 research note. StockNews.com upgraded Washington Trust Bancorp shares from a “sell” to a “hold” rating in a report released Monday, July 18.

Washington Trust Bancorp Company Profile

(Get a rating)

Washington Trust Bancorp, Inc. operates as a bank holding company for The Washington Trust Company, of Westerly, which provides various banking and financial services to individuals and businesses. The Company operates in two segments, commercial banking services and wealth management services. The Commercial Banking segment offers various commercial and retail lending products, such as commercial real estate loans, including commercial mortgage loans and construction loans; commercial and industrial loans; residential real estate loans which consist of homeowner mortgages and construction loans; and consumer loans including home equity loans and lines of credit, personal installment loans and personal loans secured by general aviation aircraft.

See also

Dividend history for Washington Trust Bancorp (NASDAQ:WASH)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider Washington Trust Bancorp, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Washington Trust Bancorp was not on the list.

While Washington Trust Bancorp currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

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What credit score do you need? https://sgb-sports.com/what-credit-score-do-you-need/ Wed, 14 Sep 2022 22:14:01 +0000 https://sgb-sports.com/what-credit-score-do-you-need/

Conditions apply to American Express benefits and offers. Visit americanexpress.com to learn more.

If you’re looking for a new credit card that offers perks like higher rewards on restaurants and groceries, a generous welcome bonus, and statement credits for dining and ride-sharing services, look no further than the American Express® Gold Card.

New cardholders can earn a lucrative welcome bonus of 60,000 Membership Rewards® points after spending $4,000 in the first six months of card membership. And with the American Express Gold Cardyou will earn 4 X points for your meals in restaurants around the world, as well as for takeout and delivery in the United States, and for your purchases in American supermarkets (up to 25,000 USD per calendar year), 3X points for flights booked directly with the airline or through amextravel.com and 1X points for all other qualifying purchases.

Points earned with the card can then be redeemed in a number of ways or for flights, hotels and other travel activities through amextravel.com or by transferring them to one of Amex Travel Partners, including Delta, British Airways, Virgin Atlantic, Hilton, Marriott and Choice Hotels, among others. It’s also worth keeping an eye out for transfer bonuses, which can further boost your points.

American Express® Gold Card

On the secure site of American Express

  • Awards

    4X Membership Rewards® points at restaurants (plus U.S. takeout and delivery) and U.S. supermarkets (up to $25,000 per calendar year in purchases, then 1X), 3X points on flights booked directly with airlines or on amextravel.com, 1X points on all other purchases

  • welcome bonus

    Earn 60,000 Membership Rewards® points after spending $4,000 on qualifying purchases within the first 6 months of card membership

  • Annual subscription

  • Introduction AVR

  • Regular APR

  • Balance Transfer Fee

  • Foreign transaction fees

  • Credit needed

The American Express Gold card is also a good option for those who can take full advantage of the included meal and carpool statement credits – the combined value of the two credits is $240, which is almost as much as the $250 annual fee. from the menu (see rates and fees). Upon enrollment, cardholders can receive up to $120 in dining credits (up to $10 in statement credits each month) when you use your card to dine with GrubHub, Wine.com, Goldbelly, The Cheesecake Factory, Milk Bar and select Shake Shack locations. . Once the card is added to your Uber account, you automatically get up to $120 Uber Cash per year ($10 each month), which you can use for rides or meals through Uber Eats.

You will also have access to American Express travel and protection benefits such as The Hotel Collection, baggage insurance and car rental loss and damage coverage, no foreign transaction fees for using the card abroad , 24/7 emergency assistance, Amex specials and exclusive offers. experiences and seating at concerts and sporting events.

Amex is known for its luxury travel rewards credit cards – the $695 annual fee American Express Platinum Card® (see rates and fees) and the annual fee of $250 American Express® Gold Card to name a few – and while they each offer a ton of travel perks, they also charge hefty annual fees and generally require applicants to have a good credit score or higher.

Below, Select takes a look at the credit score you’ll need to qualify for the American Express Gold Card, one of the best travel rewards cards on the market.

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How much credit do you need for the Amex Gold card?

Although American Express does not publish a minimum credit score for the Amex Gold Card, in general applicants with a good credit score of 670 or higher is more likely to qualify. FICO scores range from 300 to 850, with higher scores indicating a greater likelihood that a borrower will be able to pay off their balance on time.

FICO score ranges:

  • Very poor: 300 to 579
  • Fair: 580 to 669
  • Good: 670 to 739
  • Very well: 740 to 799
  • Excellent: 800 to 850

Keep in mind, however, that not all applicants with a credit score of 670 or higher will necessarily be considered – other factors, such as the five listed below that FICO uses to determine your credit score, will also be taken into account by the credit. card issuer.

FICO factors:

It should also be noted that American Express offers a pre-qualification service so you can see if you qualify for the card before you apply – and no, it doesn’t hurt your credit score.

If you don’t have good credit, focus on improving it by making your payments on time and in full, using as little of your extended credit as possible, and limiting the number of credit applications you make.

Register for Experian Boostwhich takes one-time payments for certain subscription services and utilities into account when calculating your credit score, might also help boost a few points.

Experian Boost™

On Experian’s secure site

  • Cost

  • Average increase in credit score

    13 points, although results vary

  • Affected credit report

  • Credit scoring model used

Why You May Be Rejected When Applying For This Card

At the end of the line

The American Express Gold Card is a great option for consumers who tend to be big spenders when dining out and shopping at grocery stores, especially those who will take full advantage of its included dining and Uber credits. To qualify for this $250 annual fee card, one of the best travel rewards credit cards available, you must have a credit score of at least 670.

If you apply but don’t make the cut, note that Amex has limits on the number of cards consumers are allowed to have and is required by law to state your reason for denial within 60 days.

Check out Select’s in-depth coverage at personal finance, technology and tools, The well-being and more, and follow us on Facebook, instagram and Twitter to stay up to date.

For American Express® Gold Card rates and fees, click here.

For American Express Platinum Card® rates and fees, click here.

Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff only and have not been reviewed, endorsed or otherwise endorsed by any third party.

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Banco de Chile (NYSE:BCH) rating raised to buy on StockNews.com https://sgb-sports.com/banco-de-chile-nysebch-rating-raised-to-buy-on-stocknews-com/ Tue, 13 Sep 2022 03:13:47 +0000 https://sgb-sports.com/banco-de-chile-nysebch-rating-raised-to-buy-on-stocknews-com/

Bank of Chile (NYSE: BCH – Get an assessment) has been updated by equity research analysts from StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

BCH has been the subject of a number of other research reports. Itau BBA Securities downgraded Banco de Chile shares from an “outperforming” rating to a “market performance” rating and set a price target of $22.00 for the stock. in a research report on Tuesday, June 7. Itaú Unibanco upgraded Banco de Chile from an “outperform” rating to a “market performance” rating and set a target price of $22.00 for the stock. in a research note from Tuesday, June 7. Credit Suisse Group lowered its price target on Banco de Chile to $21.00 in a Monday, August 22 research note. Grupo Santander upgraded shares of Banco de Chile from a “neutral” rating to an “outperforming” rating and set a price target of $25.00 for the company in a Thursday, May 19 report. Finally, Banco Santander upgraded Banco de Chile to a “buy” rating and set a target price of $25.00 for the company in a Friday, May 20 research report. Four research analysts gave the stock a hold rating and four gave the stock a buy rating. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Bank of Chile price performance

Banco de Chile stock traded down $0.18 during Monday trading hours, hitting $19.50. 109,946 shares were traded, against an average volume of 150,032. The stock has a 50-day moving average of $18.61 and a two-hundred-day moving average of $19.83. The company has a market capitalization of $9.85 billion, a P/E ratio of 5.77, a price-to-earnings growth ratio of 0.85 and a beta of 0.36. Banco de Chile has a 12-month low of $15.60 and a 12-month high of $22.74. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt ratio of 3.17.

Institutional negotiation of Banco de Chile

Institutional investors and hedge funds have recently been buying and selling shares of the company. SG Americas Securities LLC purchased a new equity stake in Banco de Chile during the second quarter valued at approximately $120,000. Atlas Capital Advisors LLC acquired a new stake in Banco de Chile during Q2, valued at $136,000. Advisors Asset Management Inc. bought a new stake in shares of Banco de Chile in Q2 worth $148,000. Envestnet Asset Management Inc. bought a new stake in shares of Banco de Chile in the 4th quarter at a value of $159,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Banco de Chile in the second quarter worth $219,000. 1.10% of the shares are currently held by institutional investors.

About Banco de Chile

(Get an assessment)

Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through retail banking, wholesale banking and cash and money market segments. The Company offers deposit products, such as checking accounts, current accounts, deposits and current accounts, savings accounts and term deposits; commercial, mortgage, consumer, working capital, syndicated and installment loans; and credit cards.

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Analyst Recommendations for Banco de Chile (NYSE: BCH)

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MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Banco de Chile was not on the list.

While Banco de Chile currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

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Synchrony Financial (NYSE:SYF) Receives an Average “Moderate Buy” Recommendation from Brokerages https://sgb-sports.com/synchrony-financial-nysesyf-receives-an-average-moderate-buy-recommendation-from-brokerages/ Sun, 11 Sep 2022 07:03:54 +0000 https://sgb-sports.com/synchrony-financial-nysesyf-receives-an-average-moderate-buy-recommendation-from-brokerages/

Synchrony Financial (NYSE: SYF – Get a rating) received an average rating of “moderate buy” from the seventeen analysts who currently cover the stock, MarketBeat reports. One research analyst rated the stock with a sell rating, four gave the company a hold rating and seven gave the company a buy rating. The average 1-year target price among brokerages that updated their coverage on the stock in the past year is $44.00.

A number of brokerages have recently commented on SYF. StockNews.com downgraded shares of Synchrony Financial from a “buy” rating to a “hold” rating in a Thursday, Aug. 25, report. Credit Suisse Group raised its price target on Synchrony Financial shares from $46.00 to $47.00 and gave the company an “outperform” rating in a Tuesday, July 19 research note. Barclays cut its price target on Synchrony Financial shares from $64.00 to $49.00 and set an “overweight” rating for the company in a Monday July 11 research note. Stephens raised his price target on Synchrony Financial shares from $29.00 to $35.00 and gave the company an “equal weight” rating in a Tuesday, July 19 research note. Finally, Piper Sandler set a price target of $41.00 on Synchrony Financial shares in a Tuesday, July 19 research note.

Synchrony financial price performance

NYSE:SYF shares opened at $33.42 on Friday. The company’s fifty-day moving average price is $32.76 and its 200-day moving average price is $34.48. The company has a market capitalization of $16.10 billion, a price/earnings ratio of 4.88, a PEG ratio of 0.24 and a beta of 1.56. Synchrony Financial has a 1-year low of $27.22 and a 1-year high of $52.49. The company has a debt ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.21.

Synchrony Financial (NYSE: SYF – Get a rating) last released its quarterly results on Monday, July 18. The financial services provider reported EPS of $1.60 for the quarter, beating analyst consensus estimates of $1.43 by $0.17. The company posted revenue of $3.80 billion for the quarter, versus analyst estimates of $2.74 billion. Synchrony Financial had a net margin of 22.76% and a return on equity of 27.06%. In the same quarter of the previous year, the company achieved EPS of $2.12. On average, equity research analysts expect Synchrony Financial to post earnings per share of 5.79 for the current fiscal year.

Synchrony Financial increases its dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 11. Shareholders of record on Monday August 1 received a dividend of $0.23. This represents an annualized dividend of $0.92 and a dividend yield of 2.75%. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, July 29. Synchrony Financial’s dividend payout ratio (DPR) is currently 13.43%.

Institutional investors weigh in on Synchrony Financial

Several institutional investors and hedge funds have recently changed their holdings in SYF. SeaCrest Wealth Management LLC bought a new stake in shares of Synchrony Financial in Q2 for a value of approximately $28,000. Clear Street Markets LLC increased its stake in Synchrony Financial shares by 392.0% in Q2. Clear Street Markets LLC now owns 1,048 shares of the financial services provider worth $29,000 after acquiring 835 additional shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Synchrony Financial in Q2 for a value of approximately $31,000. Quent Capital LLC increased its stake in Synchrony Financial shares by 50.1% in Q1. Quent Capital LLC now owns 1,003 shares of the financial services provider worth $35,000 after acquiring 335 additional shares in the last quarter. Finally, Column Capital Advisors LLC bought a new stock position in Synchrony Financial in Q1 for about $37,000. 94.12% of the shares are held by hedge funds and other institutional investors.

Synchrony Financial Company Profile

(Get a rating)

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products and consumer installment loans. The company also offers private label credit cards, dual cards, co-branded and general purpose credit cards, short and long term installment loans and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts for retail and commercial customers, as well as deposits through brokerage firms in third-party securities.

Further reading

Analyst Recommendations for Synchrony Financial (NYSE: SYF)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider Synchrony Financial, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and Synchrony Financial was not on the list.

Although Synchrony Financial currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

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M&T Bank Corporation – Consensus indicates 11.5% upside potential https://sgb-sports.com/mt-bank-corporation-consensus-indicates-11-5-upside-potential/ Fri, 09 Sep 2022 11:35:00 +0000 https://sgb-sports.com/mt-bank-corporation-consensus-indicates-11-5-upside-potential/

M&T Banking Corporation with ticker code (MTB) now have 19 analysts covering the stock. Analyst consensus points to a buy rating. The target price ranges between 242 and 175 and has an average objective at 203.85. Now, with the previous closing price of 182.81, this indicates that there is 11.5% upside potential. The 50-day moving average is 173.96 while the 200-day moving average is 169.87. The market cap of the company is $32,998 million. More information on: https://www3.mtb.com

The potential market capitalization would be $36,796 million based on market consensus.

You can now share it on Stocktwits, just click on the logo below and add the ticker in the text to be seen.

M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The Company’s Business Banking segment provides deposit, lending, cash management and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial loans and leases, letters of credit and cash management services to medium and large commercial enterprises. The Company’s commercial real estate segment originates, sells and services commercial real estate loans; and offers deposit services. Its discretionary portfolio segment provides deposits; securities, residential real estate loans and other assets; and short-term and long-term borrowed funds, as well as foreign exchange services. The Company’s residential mortgage banking segment offers residential real estate loans to consumers and sells these loans in the secondary market; and purchases service rights on loans issued by other entities. Its Retail Banking segment offers current, savings and term accounts; consumer installment loans, auto and recreational finance loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company also offers trust management and wealth management services; trustee and custodian; Insurance Agency; institutional brokerage and securities; and investment management services. It offers its services through bank offices, business banking centers, telephone and internet banking, and automated teller machines. As of December 31, 2021, the company operated 688 national banking offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia; and a full-service commercial banking office in Ontario, Canada. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.

]]> KBRA Assigns Preliminary Ratings to Marlette Funding Trust 2022-3 https://sgb-sports.com/kbra-assigns-preliminary-ratings-to-marlette-funding-trust-2022-3/ Wed, 07 Sep 2022 14:51:00 +0000 https://sgb-sports.com/kbra-assigns-preliminary-ratings-to-marlette-funding-trust-2022-3/

NEW YORK–(BUSINESS WIRE)–KBRA assigns preliminary ratings to four classes of bonds issued by Marlette Funding Trust 2022-3 (“MFT 2022-3”), a $310.369 million consumer loan ABS transaction.

Ratings reflect initial levels of credit enhancement from 45.64% for Class A Notes to 13.39% for Class D Notes. Credit enhancement consists of overcollateralisation, subordination (in the case of Class A, Class B and Class C) to a closed funded reserve account and an excess spread.

Founded in 2013 in Wilmington, DE, Marlette Funding, LLC (“Marlette”) operates an online marketplace lending platform, which offers personal installment loans under the Best Egg brand (www.BestEgg.com) (the “Marlette Best Egg Platform” or the “Platform”) that are included in this securitization. This operation is the 19e securitization sponsored by Marlette and the first with Best Egg Secured Loans. The first multi-seller securitization issued by Marlette Funding Trust (“MFT”) took place in August 2016. Under the multi-seller securitization program, Marlette is the sponsor and collateral is provided by Marlette and the loan buyers of loans issued through the platform. .

KBRA applied its ABS Global Rating Methodology for Consumer Lending, its Global Structured Finance Counterparty Methodology and its ESG Global Rating Methodology as part of its analysis of the transaction’s underlying collateral pool, the capital structure proposed. KBRA also conducted an operational assessment of the Marlette platform, as well as a review of the transaction’s legal structure and transaction documents. Operational agreements and legal opinions will be reviewed prior to closing.

Click on here to view the report. To access relevant notes and documents, click here.

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Disclosures

Further information on key credit considerations, sensitivity analyzes that consider factors that may affect these credit ratings and how they could lead to an upgrade or downgrade, and ESG factors (where they are a key factor in changing the credit rating or rating outlook) can be viewed in the full rating report mentioned above.

A description of all substantially significant sources that were used to prepare the credit rating and information on the methodology(ies) (including all significant models and sensitivity analyzes of key relevant rating assumptions, if any) used to determine credit rating are available in the Information Disclosure Form(s) located here.

Information on the meaning of each rating category can be found here.

Additional information relating to this rating metric is available in the information disclosure form(s) referenced above. Additional information regarding KBRA’s policies, methodologies, grading scales and disclosures is available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the United States Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a rating agency with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a rating agency with the UK Financial Conduct Authority under the temporary registration scheme. In addition, KBRA is designated as the Designated Rating Agency by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a credit rating provider.

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