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Fly News Breaks for January 19, 2018
SBNY
Jan 19, 2018 | 09:25 EDT
BMO Capital analyst Lana Chan raised her price target on Signature Bank to $192 after Q4 earnings, attributing the miss to the taxi medallion write-down. The analyst notes that the underlying growth trends remained strong while Q4 net interest margins expanded. She also contends that the cash benefits of U.S. tax reform could allow the management to consider a buyback or initiate a dividend. Chan keeps her Outperform rating on Signature Bank.
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