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Fly News Breaks for July 16, 2019
WTFC
Jul 16, 2019 | 08:50 EDT
DA Davidson analyst Kevin Reevey keeps his Buy rating and $90 price target on Wintrust Financial, saying its Q2 earnings miss reported last night was due to its higher than expected credit costs and operating expenses. The analyst notes that the quarter had some positives that included "robust" loan and revenue growth, even though the bank also saw net interest margin compression and a "mixed" set of trends in terms of asset quality.
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