InvestmentsMortgage

Goldman Sachs gives BB&T Capital an upgrade

Bank's stock looks more stable

Investment bank Goldman Sachs (GS) upgraded BB&T Capital (BBT) from neutral to buy, raising its price target from $37 to $39. As for why, StreetInsider says:

The (Goldman) analyst cited: 1) it offers upside to earnings from a rising interest rate environment given its leverage to the long-end of the curve. 2) We see credit losses continuing to improve and provisions moving lower, boosting EPS and 3) loan growth should pick up as CRE continues to show signs of bottoming.

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Caliber Home Loans CEO Sanjiv Das steps down

Sanjiv Das, CEO of Caliber Home Loans, is stepping down as CEO of the company, less than one year after New Residential Investment Corp. (Newrez) acquired the mortgage lender and servicer, sources familiar with the situation confirmed. 

3d rendering of a row of luxury townhouses along a street

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