united states – Dan Harding Art http://danhardingart.com/ Fri, 04 Mar 2022 00:13:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://danhardingart.com/wp-content/uploads/2021/10/icon-120x120.png united states – Dan Harding Art http://danhardingart.com/ 32 32 Midwest Bank Partners with Lendsmart to Streamline the Entire Home Buying Journey | News https://danhardingart.com/midwest-bank-partners-with-lendsmart-to-streamline-the-entire-home-buying-journey-news/ Fri, 04 Mar 2022 00:13:00 +0000 https://danhardingart.com/midwest-bank-partners-with-lendsmart-to-streamline-the-entire-home-buying-journey-news/ NEW YORK–(BUSINESS WIRE)–March 3, 2022– Midwest Banka locally owned community bank, which provides loans, mortgages, financial planning and investment services throughout central Illinois, has chosen Lendsmart, an AI-powered digital lending platform, to enhance its digital home buying and lending transactions. This press release is multimedia. See the full version here: https://www.businesswire.com/news/home/20220303006078/en/ Midwest Bank Selects Lendsmart’s […]]]>

NEW YORK–(BUSINESS WIRE)–March 3, 2022–

Midwest Banka locally owned community bank, which provides loans, mortgages, financial planning and investment services throughout central Illinois, has chosen Lendsmart, an AI-powered digital lending platform, to enhance its digital home buying and lending transactions.

This press release is multimedia. See the full version here: https://www.businesswire.com/news/home/20220303006078/en/

Midwest Bank Selects Lendsmart’s AI Lending Solution. (Graphic: Business Wire)

Using Lendsmart’s technology, Midwest Bank will own its end-to-end customer journey, helping borrowers secure a loan and offering ancillary services to get the borrower moving into a home in record time. At the same time, improving accuracy, minimizing lender risk, and reducing origination and operating costs.

Since its inception in 1870, Midwest Bank has been committed to its customers and the communities it serves. The bank strives to offer innovative products and services and state-of-the-art technology to its valued customers.

“Our business was built on the relationships we have with our customers, and our partnership with Lendsmart will allow us to provide them with a superior experience when it comes to applying for a loan or moving into a new home,” said said Chris Gavin, President and CEO. at Midwest Bank. “We look forward to scaling our digital lending and mortgage capabilities with the support of Lendsmart.”

Lendsmart digitizes up to 70% of the loan and home buying process, leveraging AI to automatically complete mortgage application items and validate data in real time. As a result, providing instant approvals and helping customers get a loan within weeks. The platform brings together all parties involved to unify the process at every step of the process.

“We are thrilled that Midwest Bank has chosen Lendsmart as their digital home lending and buying solution,” said AK Patel, Founder and CEO of Lendsmart. “Using our technology, we will be able to help Midwest Bank significantly reduce loan application processing time to close more loans and improve the borrower experience.”

About Lendsmart

Lendsmart, founded in 2018, is an AI-powered digital lending platform that automates and digitizes lending and home buying transactions to create a unique, automated conversational experience for banks, credit unions, and businesses. non-bank lenders. By using artificial intelligence to digitize up to 70% of the loan and home buying process, Lendsmart enables borrowers to obtain a loan, refinance or buy a home in record time. For more information, visit www.lendsmart.ai.

About Midwest Bank

Midwest Bank, headquartered in Monmouth, Illinois, is a locally owned community bank that provides loans, mortgages, financial planning and investment services in several central Illinois locations. Midwest Bank believes in making communities that serve a better place to live and work. The bank strives to have a positive impact by being involved in the community, both financially and philanthropically. For more information, visit www.mbwi.com.

Show source version on businesswire.com:https://www.businesswire.com/news/home/20220303006078/en/

CONTACT: Lara Jordan

lara@lendsmart.ai

415-200-7422

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES TECHNOLOGY RESIDENTIAL BUILDING AND REAL ESTATE OTHER TECHNOLOGIES FINANCE CONSTRUCTION AND REAL ESTATE BANKING

SOURCE: Lendsmart

Copyright BusinessWire 2022.

PUBLISHED: 03/03/2022 19:12 / DISK: 03/03/2022 19:12

http://www.businesswire.com/news/home/20220303006078/en

Copyright BusinessWire 2022.

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Rocket Companies (NYSE: RKT) downgraded by Zacks Investment Research https://danhardingart.com/rocket-companies-nyse-rkt-downgraded-by-zacks-investment-research/ Wed, 02 Mar 2022 08:57:15 +0000 https://danhardingart.com/rocket-companies-nyse-rkt-downgraded-by-zacks-investment-research/ Rocket Companies (NYSE: RKT – Get a rating) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note released Wednesday to investors, Zacks.com reports. According to Zacks, “Rocket Companies Inc. is a holding company comprised of personal finance and consumer services brands including Rocket Mortgage, Rocket […]]]>

Rocket Companies (NYSE: RKT – Get a rating) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note released Wednesday to investors, Zacks.com reports.

According to Zacks, “Rocket Companies Inc. is a holding company comprised of personal finance and consumer services brands including Rocket Mortgage, Rocket Homes, Rocket Loans, Rocket Auto, Rock Central, Amrock, Core Digital Media, Rock Connections, Lendesk and Edison Financial. Rocket Companies Inc. is based in DETROIT.”

Other research analysts have also recently published research reports on the stock. Barclays lowered its price target on Rocket Companies shares from $19.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday. Citigroup lowered its target price on shares of Rocket Companies from $23.00 to $14.00 and set a “buy” rating for the company in a report released Monday. JPMorgan Chase & Co. moved shares of Rocket Companies from an “underweight” rating to an “overweight” rating and lowered its target price for the stock from $17.50 to $15.00 in a report of Wednesday 19 January. Bank of America downgraded shares of Rocket Companies from a “neutral” rating to an “underperforming” rating and lowered its target price for the stock from $21.00 to $11.00 in a Tuesday report February 22. Finally, Wedbush downgraded shares of Rocket Companies from an “underperforming” rating to a “neutral” rating and set a target price of $14.00 for the company in a Monday, Jan. 3, report. They noted that the move was a review call. Two equity research analysts gave the stock a sell rating, ten gave the company a hold rating and three gave the company a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $16.32.

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RKT-Action opened at $13.38 on Wednesday. The company has a debt ratio of 2.38, a current ratio of 24.49 and a quick ratio of 24.49. The company has a 50-day moving average price of $13.22 and a 200-day moving average price of $15.32. Rocket Companies has a fifty-two week low of $10.55 and a fifty-two week high of $43.00. The stock has a market capitalization of $26.55 billion, a PE ratio of 5.74, a growth price-earnings ratio of 0.80 and a beta of 1.53.

Rocket Companies (NYSE: RKT – Get a rating) last released its quarterly earnings data on Thursday, February 24. The company reported earnings per share of $0.32 for the quarter, missing the consensus estimate of $0.37 per ($0.05). Rocket Companies had a return on equity of 50.47% and a net margin of 2.38%. The company posted revenue of $2.59 billion in the quarter, versus a consensus estimate of $2.62 billion. In the same quarter last year, the company achieved EPS of $1.12. The company’s revenue for the quarter was down 44.6% year over year. As a group, stock analysts expect Rocket Companies to post earnings per share of 1.45 for the current fiscal year.

Several hedge funds have recently changed their positions in the company. BlackRock Inc. increased its stake in Rocket Companies by 17.9% in the 4th quarter. BlackRock Inc. now owns 6,505,694 shares of the company worth $91,081,000 after purchasing an additional 988,019 shares during the period. Wells Fargo & Company MN increased its stake in Rocket Companies by 52.5% in Q4. Wells Fargo & Company MN now owns 221,279 shares of the company worth $3,098,000 after purchasing an additional 76,173 shares during the period. Virtu Financial LLC acquired a new position in Rocket Companies in Q4 worth $1,817,000. Amalgamated Bank acquired a new position in Rocket Companies in Q4 worth $171,000. Finally, Belpointe Asset Management LLC increased its stake in Rocket Companies by 32.8% in the 4th quarter. Belpointe Asset Management LLC now owns 129,403 shares of the company worth $1,811,000 after purchasing an additional 31,980 shares during the period. 3.74% of the stock is held by institutional investors.

Company Profile Rocket Companies (Get a rating)

Rocket Companies, Inc. operates in the technology-driven real estate, mortgage, and e-commerce industries in the United States and Canada. It operates in two segments, Direct to Consumer and Partner Network. The Company’s solutions include Rocket Mortgage, a mortgage lender; Amrock which provides title insurance, real estate appraisal and settlement services; Rocket Homes, a home search platform and realtor referral network, which offers technology services to support the home buying and selling experience; Rocket Auto, an automotive retail marketplace that provides centralized, virtual car sales support to nationwide online car rental and car buying platforms; and Rocket Loans, an online personal loan company.

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Analyst Recommendations for Rocket Companies (NYSE: RKT)

This instant news alert was powered by MarketBeat’s storytelling 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 [email protected]

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‘I HeART Connections’: Carrboro-based virtual art exhibition features artists from around the world https://danhardingart.com/i-heart-connections-carrboro-based-virtual-art-exhibition-features-artists-from-around-the-world/ Tue, 22 Feb 2022 04:04:00 +0000 https://danhardingart.com/i-heart-connections-carrboro-based-virtual-art-exhibition-features-artists-from-around-the-world/ The Art Therapy Institute of North Carolina opened a free virtual community art exhibit called “I HeART Connections” on February 11. The art exhibition focuses on the power of connection, specifically how artists relate to themselves, nature, creativity and others. Bridget Pemberton-Smith, executive director of the Art Therapy Institute of North Carolina, said the exhibit […]]]>

The Art Therapy Institute of North Carolina opened a free virtual community art exhibit called “I HeART Connections” on February 11.

The art exhibition focuses on the power of connection, specifically how artists relate to themselves, nature, creativity and others.

Bridget Pemberton-Smith, executive director of the Art Therapy Institute of North Carolina, said the exhibit uses an online program called KUNSMATRIX to replicate an in-person exhibit on a virtual platform.

The exhibition offers a guided tour, details about each artwork, and a self-paced option.

Although this is the 12th annual show, it is the second year that the institute has offered a virtual option due to the COVID-19 pandemic. Since this year’s exhibition is remote, artists from around the world can submit their art to be featured.

“It was amazing when we opened last year because we had people who stayed up until the middle of the night to come to the opening,” Pemberton-Smith said. “It was really powerful. It really highlighted to us the amazing connections we could have during the pandemic.”

Pemberton-Smith said these international connections inspired the institute to change the name of the exhibit from “I Heart Art” to “I HeART Connections” this year.

“We’re so moved that we’re a small nonprofit in a small town in Carboro, and we’ve reached people not just in the United States, but around the world,” she said.

R. Drada, an artist based in Berlin, presents two works of art in the exhibition: “Woman Before a Mirror” and “Yellow Portrait”.

“Yellow Portrait” is a self-portrait of R. Drada looking at himself in the mirror. It’s based on a photo she took of herself when she was pregnant with her first child.

“I wasn’t really that person who always really aspired to be a mother – it just wasn’t a goal in my life,” R. Drada said. “For me it was just a document of how I feel, how I looked before the child was born, because I was afraid it would change me or lose my identity.”

The second submission, “Woman Before a Mirror,” is a figurative piece featuring a pale skeletal face looking into a mirror with red and blue shapes surrounding the face of the figure, R. Drada said. She said this piece reflects her personal experience and outlook as an Asian-American.

“Sometimes I’m in situations where I’m clearly accepted as an American, sometimes I’m not sure, that’s why these red and blue shapes are sort of shadowed around me,” R. Drada said. . “I think in terms of the skeletal appearance of the woman, I think it’s just fear-based because unfortunately there are people who are attacked because they’re Asian.”

R. Drada said that while there are many open calls for art, she was drawn to this art exhibit specifically because of the theme of connection. Much of his art is a reflection of his life experiences and current thoughts.

Clara Bolle, an artist based in Amsterdam, presents “Abondance 12” and “Abondance 13” in the exhibition.

She said that the fact that the exhibition is virtual is important because of the international community that is created.

“I really liked making expressive works with lots of color,” Bolle said. “Abundance is about harvesting, access, the thirst for life and also that we can find this thirst for life in all aspects of ourselves and nature.”

You can discover the virtual exhibition “I HeART Connections” on the ATI website until March 10.

@meg_bergström

@DTHCityState | city@dailytarheel.com

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US-based multinationals plan to invest in AP, AR https://danhardingart.com/us-based-multinationals-plan-to-invest-in-ap-ar/ Thu, 17 Feb 2022 18:56:41 +0000 https://danhardingart.com/us-based-multinationals-plan-to-invest-in-ap-ar/ To alleviate the problems associated with legacy cross-border payment transactions, a growing number of international businesses plan to invest in digital innovations at some point over the next three years. Among international companies in the United States, 31% plan to invest in technology capable of automating Accounts Payable (AP), 36% intend to invest in technology […]]]>

To alleviate the problems associated with legacy cross-border payment transactions, a growing number of international businesses plan to invest in digital innovations at some point over the next three years.

Among international companies in the United States, 31% plan to invest in technology capable of automating Accounts Payable (AP), 36% intend to invest in technology capable of automating Accounts Receivable (AR ) and 25% plan to invest in straight-through processing capabilities. in the next three years, according to the Cross-Border Enterprise Payments Innovation Playbook, a PYMNTS and Payer collaboration.

Get the booklet: Innovation Handbook for Cross-Border Corporate Payments

This commitment shows that transparent and simplified B2B payment transactions are a key service that marketplaces and digital platforms can offer to increase the value they offer to suppliers while gaining a competitive advantage in an increasingly international market. more digital.

Payment flow management

This is especially important at a time when global supply chain constraints have become a headwind slowing the pace of e-commerce growth, and anything that can reduce costs and make businesses pay sooner is in the works. demand.

See also: Onboard new customers, reduce transaction costs, and improve Payoneer results and prospects

In this environment, international merchants need to be able to seamlessly make and receive cross-border payments from sellers and suppliers in order to efficiently manage their payment flows and keep their business running smoothly. The problem is that cross-border B2B payments are notoriously fragmented and driven by friction.

Legacy B2B payment transactions that rely on correspondent banking and manual processes prolong open time to sell (DSO) and lack the transparency decision makers need to make informed judgments about their cash positions.

U.S. businesses wait an average of 33 days to receive payments for international sales, and those who cite payment transparency as a major issue wait an average of seven days longer to receive payments than those with more transparent payment operations .

Invest in end-to-end solutions

Payments decision makers around the world are realizing that to help them maintain their competitive edge in the global marketplace, they need to invest in end-to-end payments integrations designed to optimize both their AP and AR payment flows.

Businesses of all shapes and sizes are increasingly aware of the benefits that payment digitization and AP/AR integration can bring to their bottom line, in cross-border and domestic contexts. PYMNTS research shows that 83% of all chief financial officers (CFOs) see improved AP/AR integration as a primary benefit they seek to derive from digitizing their broader payment operations, while 50% who have invested in payment digitization in the past 19 months have done so specifically to deepen their AP/AR integration.

Although CFOs believe digitization and AP/AR integration are important to optimize their payment operations, most say their companies lack the in-house expertise and technology resources they need to reach the level of digitization and integration they want. The trick is finding the right third-party provider to provide the end-to-end integrated solutions that can streamline their operations for cross-border success.

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NEW PYMNTS DATA: ACCOUNT OPENING AND LOAN SERVICE IN THE DIGITAL ENVIRONMENT

On: Forty-two percent of US consumers are more likely to open accounts with financial institutions that facilitate automatic sharing of their bank details upon sign-up. The PYMNTS study Account opening and loan management in the digital environmentsurveyed 2,300 consumers to explore how FIs can leverage open banking to engage customers and create a better account opening experience.

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American Folk Art Museum to Honor Artists Faith Ringgold, Bisa Butler and Brian Donnelly (KAWS) at 60th Anniversary Gala https://danhardingart.com/american-folk-art-museum-to-honor-artists-faith-ringgold-bisa-butler-and-brian-donnelly-kaws-at-60th-anniversary-gala/ Fri, 11 Feb 2022 20:34:46 +0000 https://danhardingart.com/american-folk-art-museum-to-honor-artists-faith-ringgold-bisa-butler-and-brian-donnelly-kaws-at-60th-anniversary-gala/ THREE OF THE most creative and relevant artists working today will be honored by the American Folk Art Museum (AFAM). The museum pays tribute Faith Ringgold, Bisa Butler, and Brian Donnelly (aka KAWS) at its 60th Anniversary Benefit Gala at Gotham Hall in New York City on April 7. AFAM describes itself as the leading […]]]>

THREE OF THE most creative and relevant artists working today will be honored by the American Folk Art Museum (AFAM). The museum pays tribute Faith Ringgold, Bisa Butler, and Brian Donnelly (aka KAWS) at its 60th Anniversary Benefit Gala at Gotham Hall in New York City on April 7.

AFAM describes itself as the leading institution “shaping the understanding and appreciation of popular and self-taught art across time and space”. The gala benefits museum exhibits, educational programming and internships.


Left to right, Faith Ringgold. | © 2022 Faith Ringgold, courtesy of ACA Galleries, New York; Bisa Butler. | Photo by Gioncarlo Valentine

“At 60, we are proud to celebrate our anniversary by paying tribute to three of the most creative artists of our time,” said Jason T. Busch, Director and CEO of AFAM. “Innovative, iconic and inspiring, each has had a distinct impact in the United States and abroad.”

The winners are spread over three generations. Ringgold and Butler are known for their innovative work with textiles. Both artists live in New Jersey and have worked as teachers to support their practices.

Butler, who translates photographs into collage portraits made with a range of fabrics, was recently named Gordon Parks Fellow in Art 2022. She typically works with vintage images to make her contemporary portraits. The works focus on representation and storytelling, exploring American life through the lens of the African American experience.

“Innovative, iconic and inspiring, each [artist] had a distinct impact in the United States and abroad. — Director and CEO Jason T. Busch

A pioneering artist and activist, Ringgold was among the artists who influenced Butler. A practitioner for over six decades, Ringgold addresses issues of race and gender, American democracy, and has also explored her own biography. She works in a variety of mediums, from paintings and prints to dolls, and works on mixed fabrics.

Ringgold began making tankas in the 1970s, made its first painted quilt in 1980, and delved into quilts with written stories in 1983. York Feb. 17.

New York-based Donnelly (right) is a member of AFAM’s board of directors. “Martha and Mary” (c. 1931-1937) by William Edmonson, thought long lost and recently rediscovered, is now a promised gift from Donnelly. The sculpture is among the highlights featured in “Multitudes”, the museum’s 60th anniversary exhibition, showcasing around 400 works from its collection.

“The American Folk Art Museum has been a safe haven for foreign artists and folk artists for years,” Butler said. “It’s a place to see American craftsmanship in a museum and know that the art is respected.” CT

IMAGE: Top right, Brian Donnelly (KAWS). | Photo by Nils Muller

LEARN MORE about the “discovery” of “Martha and Mary” in the front yard of a home in St. Louis, Mo.

MORE about artist Brian Donnelly (KAWS) in the New York Times

BOOKSHELF
“Bisa Butler: Portraits” documents Bisa Butler’s first solo exhibition in a museum. Butler’s work is also featured in the exhibition catalog “Fabric of a Nation: American Quilt Stories”. Serpentine Galleries has published a catalog to accompany ‘Faith Ringgold’. Glenstone, where the exhibit made its U.S. debut in Potomac, Maryland, produced an expanded version of the catalog. Faith Ringgold’s early activism is documented in Susan E. Cahan’s book, “Mounting Frustration: The Art Museum in the Age of Black Power.” Also consider “Dancing in the Louvre: The French Collection of Faith Ringgold and Other History Quilts,” which documents an exhibition of the same name and was the first publication dedicated to her quilt works. “Faith Ringgold: Die” provides the backdrop to Ringgold’s fascinating painting “American People #20: Die” (1967), which was acquired by the Museum of Modern Art in 2016. A number of publications explore the work of KAWS, including “KAWS: What Party”, recently published by Phaidon.

TYPE OF SUPPORTING CULTURE
Do you like and appreciate the type of culture? Please consider supporting its ongoing production by making a donation. Culture Type is an independent art history project that requires countless hours and expenses to research, report, write and produce. To help support it, make a one-time donation or sign up for a recurring monthly contribution. It just takes a minute. Thank you very much for your support.

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U.S. consumers set to save billions with bank overdraft reforms https://danhardingart.com/u-s-consumers-set-to-save-billions-with-bank-overdraft-reforms/ Fri, 11 Feb 2022 02:00:00 +0000 https://danhardingart.com/u-s-consumers-set-to-save-billions-with-bank-overdraft-reforms/ In one of the first efforts to measure the impact of recent overdraft fee reforms, new analysis finds changes underway at just five banks could save consumers more than $2 billion a year. The Pew Charitable Trusts reviewed announcements from Bank of America, Wells Fargo, US Bancorp, Truist Financial and Regions Financial last month to […]]]>

In one of the first efforts to measure the impact of recent overdraft fee reforms, new analysis finds changes underway at just five banks could save consumers more than $2 billion a year.

The Pew Charitable Trusts reviewed announcements from Bank of America, Wells Fargo, US Bancorp, Truist Financial and Regions Financial last month to determine how much money each company could lose in fees.

These five banks all unveiled new overdraft programs during nine days in January, which Pew called “a watershed month for strengthening consumer protections” in the banking industry.

“For those who are underbanked and using payday loans and other high-cost forms of lending, these changes over time could be worth billions of dollars a year,” said Alex Horowitz, senior manager of the consumer finance project from Pew.

The ultimate impact of the changes — both at the five banks studied by Pew and elsewhere — will depend on how American consumers react. In addition to reducing overdraft fees and making it easier to avoid paying fees, some banks are introducing small dollar loans that could replace checking account overdraft.

The $2 billion estimate could rise, depending on how much borrowers from the five banks end up saving by tapping into small loans, Horowitz said.

Bank of America and US Bancorp already had small dollar loans, up to $500 and $1,000 respectively, before announcing revisions to their overdraft policies. Wells Fargo, Truist and Regions plan to roll out such loans, from $500 to $750, later this year.

The loans will be especially helpful to customers who frequently use overdrafts as short-term credit and therefore incur substantial fees, Horowitz said. Pew research showed that 18% of bank account holders pay 91% of all overdraft fees in the United States.

The fact that more banks are offering small loans “is a very, very positive change,” Horowitz said. “They offer cash with time to repay…and customers need help repaying.”

the drastic changes come as large and medium-sized banks are under pressure both regulators and competitors to reduce their reliance on overdraft fees.

Some banks are waiving fees charged when overdrawn customers unsuccessfully attempt to make a purchase, as well as fees charged when a negative balance is covered by a transfer from a linked account. Some banks give customers longer grace periods before charging fees or limit the number of fees customers can incur each day. In one a pair of casebanks are dropping overdraft fees entirely.

Over the past four weeks, United States retail banking unit of the Toronto-Dominion BankFirst Citizens BancShares in Raleigh, North Carolina and M&T Bank in Buffalo, New York, also announced changes to their overdraft programs.

Pew reached the $2 billion figure by analyzing revenue projections for Truist, US Bancorp and Regions, and estimating similar numbers for Bank of America and Wells Fargo, Horowitz said.

Truist expects his changes to result in an annual decrease of approximately $300 million overdraft revenue — nearly 60% of the company’s total — by 2024.

Regions estimates that service charges on its deposit accounts will be 20% to 30% less than the $729 million it raised in 2019. And US Bancorp expects it lose 160 to 170 million dollars into annual royalty revenue when all of its changes are implemented.

Across the U.S. banking industry, revenue from overdraft fees increased between 2016 and 2019, eventually reaching $17.2 billion, according to a recent analysis by consulting firm Curinos.

But overdraft fee revenue fell sharply in 2020, partly because banks temporarily dropped fees to help customers manage the early days of the pandemic, but also because customers had more money on their cards. accounts due to government stimulus programs.

The growing number of banks changing their overdraft programs is “clearly hugely positive and frankly long overdue,” said Rob Levy, vice president of research and policy at the Financial Health Network, a nonprofit group focused on health. financial well-being.

In particular, adding more low-value loan options is “one piece of the puzzle” to reduce consumers’ reliance on overdrafts, Levy said. Despite a few banks recently cutting prices, standard overdraft fees have long hovered around $30-$35.

Small dollar loans are also key to getting more people into the banking system and keeping them there, Levy said. “The ads we’ve seen seem to be structured in a much better way – low fees, transparent, accessible,” he said.

Since eligibility for small loans appears to be based on an established relationship with the bank, not the customer’s credit rating, the loans should help increase inclusion in the banking system, he added. .

While banks take significant action, it remains to be seen how the changes will ultimately affect customers and how much banks will ultimately lose in overdraft fee revenue, Levy said.

“The question is, what will happen to the behavior of high-frequency overdrafts after these changes, and therefore the vast majority of fees, that come from them?” said Levy.

“If the changes mean that they have fewer overdrafts … and the number of fees paid by this group goes down, then we will see a serious reduction in fees and, therefore, a reduction in income for the banks.”

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Save 25% on Pixum wall prints such as posters and canvas prints https://danhardingart.com/save-25-on-pixum-wall-prints-such-as-posters-and-canvas-prints/ Mon, 07 Feb 2022 13:52:30 +0000 https://danhardingart.com/save-25-on-pixum-wall-prints-such-as-posters-and-canvas-prints/ Pixum is offering ePHOTOzine members a 25% discount on their photo prints ranging from canvas and acrylic to aluminum and single posters. February 7, 2022 1:52 PM by ePHOTOzine | Offers Pixum is offering ePHOTOzine members the opportunity to save 25% when purchasing any of the many wall art options available on the Pixum website […]]]>

Pixum is offering ePHOTOzine members a 25% discount on their photo prints ranging from canvas and acrylic to aluminum and single posters.


|
Offers

Pixum is offering ePHOTOzine members the opportunity to save 25% when purchasing any of the many wall art options available on the Pixum website or through the Pixum app.

You can choose from a wide variety of free pre-made layouts with up to 40 photos per print available and you can also set the background color, add captions and more to your prints.

From picture posters with frames to traditional canvas prints, Pixum has something for everyone and prices start from just €2.99. Most prints are also available in 50 shapes/sizes.

Pixum wall print designs include:

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Save 25%: Enter ‘PIXUM-EPZ-25’ at checkout and save 25% on your wall print order! For more information and to start designing your print, visit the Pixum website by clicking the button below. This offer is valid until March 13, 22.

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Zacks: Brokerages expect Open Lending Co. (NASDAQ:LPRO) to post EPS of $0.15 https://danhardingart.com/zacks-brokerages-expect-open-lending-co-nasdaqlpro-to-post-eps-of-0-15/ Sun, 06 Feb 2022 03:10:50 +0000 https://danhardingart.com/zacks-brokerages-expect-open-lending-co-nasdaqlpro-to-post-eps-of-0-15/ Stock analysts predict Open Lending Co. (NASDAQ:LPRO) will post earnings of $0.15 per share for the current quarter, according to Zacks. Four analysts have made estimates of Open Lending earnings. The highest EPS estimate is $0.17 and the lowest is $0.13. Open Lending reported earnings of $0.12 per share in the same quarter last year, […]]]>

Stock analysts predict Open Lending Co. (NASDAQ:LPRO) will post earnings of $0.15 per share for the current quarter, according to Zacks. Four analysts have made estimates of Open Lending earnings. The highest EPS estimate is $0.17 and the lowest is $0.13. Open Lending reported earnings of $0.12 per share in the same quarter last year, indicating a positive 25% year-over-year growth rate. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, February 24.

On average, analysts expect Open Lending to report annual earnings of $1.09 per share for the current fiscal year, with EPS estimates ranging from $1.06 to $1.12. For the next fiscal year, analysts expect the company to post earnings of $0.82 per share, with EPS estimates ranging from $0.72 to $0.94. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts who follow Open Lending.

Open Lending (NASDAQ:LPRO) last released its quarterly results on Tuesday, November 9. The company reported EPS of $0.23 for the quarter, beating the Zacks consensus estimate of $0.20 by $0.03. The company posted revenue of $58.89 million in the quarter, versus a consensus estimate of $54.88 million. Open Lending had a return on equity of 51.25% and a net margin of 36.64%. In the same quarter of the previous year, the company made earnings per share of $0.10.

Several equity research analysts have looked at LPRO shares. Raymond James lowered its price target on Open Lending shares from $44.00 to $30.00 and set a “Strong Buy” rating for the company in a Tuesday, January 11 research report. Morgan Stanley lowered its price target on Open Lending shares from $29.00 to $18.00 and set an “equal weight” rating for the company in a Thursday, January 27 research report. JMP Securities lowered its price target on Open Lending shares from $40.00 to $37.00 and set a “market outperformance” rating for the company in a Wednesday, November 10 research report. Zacks Investment Research downgraded shares of Open Lending from a “hold” rating to a “strong sell” rating in a Thursday, Dec. 9, report. Finally, TheStreet downgraded Open Lending shares from a “c-” rating to a “d+” rating in a Friday, November 19 report. One research analyst rated the stock with a sell rating, three gave a hold rating, six gave a buy rating and one gave the company’s stock a strong buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $37.90.

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LPRO Stock traded at $0.38 in Friday’s midday session, hitting $18.06. The company had a trading volume of 546,007 shares, compared to an average volume of 988,367. The company has a market capitalization of $2.28 billion, a price-earnings ratio of 30.61 and a beta of 0.42. . The company has a debt ratio of 1.13, a current ratio of 9.71 and a quick ratio of 9.71. The stock has a 50-day moving average price of $21.13 and a 200-day moving average price of $30.16. Open loans have a 1 year minimum of $15.93 and a 1 year maximum of $44.00.

In other news, insider Charles D. Jehl acquired 3,400 shares of Open Lending in a trade on Friday, November 12. The shares were acquired at an average cost of $29.30 per share, for a total transaction of $99,620.00. The acquisition was disclosed in a filing with the SEC, accessible via this link. Also, insider John Joseph Flynn sold 30,000 shares of the company in a transaction dated Tuesday, November 9. The shares were sold at an average price of $33.68, for a total transaction of $1,010,400.00. Disclosure of this sale can be found here. 25.96% of the shares are held by insiders of the company.

A number of large investors have recently increased or reduced their holdings in LPRO. True Wind Capital Management LP purchased a new stake in Open Lending during Q4, valued at approximately $169,615,000. State Street Corp increased its holdings of Open Lending stocks by 464.8% during the 2nd quarter. State Street Corp now owns 2,187,630 shares of the company valued at $94,265,000 after acquiring an additional 1,800,281 shares in the last quarter. Wasatch Advisors Inc. increased its holdings of Open Lending shares by 10.0% during the third quarter. Wasatch Advisors Inc. now owns 14,693,952 shares of the company valued at $530,011,000 after acquiring an additional 1,331,744 shares in the last quarter. Macquarie Group Ltd. increased its holdings of Open Lending shares by 2,853.7% during the 2nd quarter. Macquarie Group Ltd. now owns 1,349,146 shares of the company valued at $58,135,000 after acquiring an additional 1,303,469 shares in the last quarter. Finally, Villere ST Denis J & Co. LLC increased its stake in Open Lending shares by 128.9% during the 3rd quarter. Villere ST Denis J & Co. LLC now owns 1,935,924 shares of the company valued at $69,828,000 after acquiring an additional 1,090,139 shares in the last quarter. Institutional investors and hedge funds own 80.02% of the company’s shares.

Open Lending Company Profile

Open Lending Corp. provides lending and risk analysis services to credit unions, regional banks and captive finance companies of original equipment manufacturers (OEM captives). It specializes in risk-based pricing and modeling and provides automated decision technology to auto lenders across the United States.

See also

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Earnings History and Estimates for Open Loans (NASDAQ:LPRO)

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Hoffenheim signs Dallas defender Justin Che on loan until 2022-23 season https://danhardingart.com/hoffenheim-signs-dallas-defender-justin-che-on-loan-until-2022-23-season/ Fri, 21 Jan 2022 16:37:47 +0000 https://danhardingart.com/hoffenheim-signs-dallas-defender-justin-che-on-loan-until-2022-23-season/ TSG Hoffenheim have signed 18-year-old FC Dallas defender Justin Che on loan until the 2022-23 season with an option to make the transfer permanent, the clubs announced on Friday. Dallas also confirmed the academy graduate has signed a new contract through 2025 with an option for an additional year. Che spent the first half of […]]]>

TSG Hoffenheim have signed 18-year-old FC Dallas defender Justin Che on loan until the 2022-23 season with an option to make the transfer permanent, the clubs announced on Friday. Dallas also confirmed the academy graduate has signed a new contract through 2025 with an option for an additional year.

Che spent the first half of 2021 in Germany, joining Bayern Munich for a training camp in January before joining the club’s reserve squad on loan in February. He returned to Dallas in June, making 15 appearances, including 12 starts.

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The defender has received two call-ups from the United States, although he has yet to make his senior debut for the USMNT. He represented the USA Under-16 and Under-20 teams, making four appearances.

Che will join Dallas Academy graduate Chris Richards at Hoffenheim. The 21-year-old followed a similar path to Che, joining Bayern on loan from Dallas, but signed permanently with the Bavarians before being sent to Hoffenheim on loan in February 2021 to work under the former Bayern II coach Sebastian Hoeness.

Hoffenheim sit fourth in the Bundesliga table and will be next in action on Saturday, when they host Borussia Dortmund. (9:20 a.m. ET, stream live on ESPN+).

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KBRA Assigns Preliminary Ratings to BHG Securitization Trust 2022-A https://danhardingart.com/kbra-assigns-preliminary-ratings-to-bhg-securitization-trust-2022-a/ Wed, 19 Jan 2022 17:53:00 +0000 https://danhardingart.com/kbra-assigns-preliminary-ratings-to-bhg-securitization-trust-2022-a/ Get instant alerts when news breaks on your stocks. Claim your one week free trial for StreetInsider Premium here. NEW YORK–(BUSINESS WIRE)–KBRA assigns preliminary ratings to five classes of bonds issued by BHG Securitization Trust 2022-A (“BHG 2022-A”), an asset-backed securitization secured by a loan pool to small businesses (“Commercial Loans” and unsecured consumer loans […]]]>

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NEW YORK–(BUSINESS WIRE)–KBRA assigns preliminary ratings to five classes of bonds issued by BHG Securitization Trust 2022-A (“BHG 2022-A”), an asset-backed securitization secured by a loan pool to small businesses (“Commercial Loans” and unsecured consumer loans (“Consumer Loans”).

BHG 2022-A will issue five classes of notes totaling $400.0 million. Preliminary ratings reflect initial levels of credit enhancement ranging from 42.70% for Class A Notes to 0.50% for Class E Notes.

BHG 2022-A represents ABS’s fourth securitization for Bankers Healthcare Group, LLC (“BHG” or the “Company”). BHG was founded in 2001 and offers business loans and consumer loans primarily to high-income blue chip professionals. Pinnacle Financial Partners, Inc., a holding company headquartered in Tennessee, and its subsidiary Pinnacle Bank, a Tennessee state-chartered bank, together own 49% of the company. With headquarters in Davie, Florida, and financial headquarters in Syracuse, New York, BHG has provided more than $10 billion in financing to more than 95,000 borrowers since its inception.

KBRA has applied its general global rating methodology for asset-backed securities and ABS global rating methodology for consumer loans, as well as its global structured financial counterparty methodology and its global ESG rating methodology as part of its analysis of the collateral pool underlying the transaction and the proposed capital structure. KBRA reviewed its operational review of BHG, which was completed in January 2020, as well as periodic update calls with the company. 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 the main relevant rating assumptions, the where applicable) used to determine the 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.

Analytical Contacts

Romil Chouhan, CFA, Director (Senior Analyst)

+1 (646) 731-1309

romil.chouhan@kbra.com

Maxime Berger, Director

+1 (646) 731-1260

maxim.berger@kbra.com

Michael Pettigrew, Principal Analyst

+1 (646) 731-1208

michael.pettigrew@kbra.com

Eric Neglia, Senior Managing Director (Rating Committee Chair)

+1 (646) 731-2456

eric.neglia@kbra.com

Business Development Contact Information

Ted Burbage, General Manager

+1 (646) 731-3325

ted.burbage@kbra.com

Source: Kroll bond rating agency

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