Citi analyst Arren Cyganovich opened “90-day positive catalyst watch” calls on Neutral-rated Discover (DFS) and Navient (NAVI) into the Q3 reports. The analyst sees potential catalysts in the coming months, not necessarily into the quarterly results. With the recent pullback in stocks and generally good fundamentals beyond rising funding costs, there is more potential for near-term upside in consumer finance stocks, the analyst tells investors in a research note.
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