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Fly News Breaks for August 25, 2017
SAN, SC
Aug 25, 2017 | 08:55 EDT
Janney Capital analyst John Rowan said the Federal Reserve terminating an enforcement action against Santander Holdings USA is clearly an incremental positive for Santander Consumer, but he doesn't think it changes the fundamentals of its business or the outlook for capital actions. He also does not think the termination changes the parent company's rumored interest or ability to acquire a larger stake in Santander Consumer, he tells investors. Rowan keeps a Neutral rating on Santander Consumer shares.
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