[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  DonCorleone77 [@CorleoneDon77](/creator/twitter/CorleoneDon77) on x 5388 followers Created: 2025-07-21 21:21:20 UTC $COF Attached is page X of a 15-page Bank of America analyst report on COF issued today entitled: "Consumer Finance Tidbits: Issue 25-17" Bank of America has a 'Buy' rating on COF with a $XXX price target. Bank of America's summary statement regarding COF in the report includes the following: "Something to ponder: Fintech fees a positive for card vols: If banks are successful in being able to charge for access to customer bank account data, it would be a positive for card volumes and the networks, in our view. JP Morgan has proposed charging a data aggregator (like Plaid) a fee to access customer bank account data. The amount of fees charged would depend on what the data was used for with payments being charged higher fees, per newspaper articles. Many merchants and fintechs leverage data aggregators to connect to consumer bank accounts. In a pay-by-bank transaction (or account-to-account, A2A) a consumer connects his bank account to the merchant by logging into their account. The consumer doesn’t have to provide their account and routing number. The data aggregator or merchant can use the consumer’s bank account information to get that data and also for credit/fraud detection. Today, the data aggregator does not pay a fee for this connection to the bank. Merchants choose pay-by-bank because they can avoid paying fees typically associated with a card transaction. However, if the bank charges a fee for the data connection, the cost of pay-by-bank transactions will go up, thereby making it a less attractive alternative to card transactions. This would be a positive for card volumes overall, and also mitigates the growing competitive threat from Pay-by-bank (or A2A payments). -- Price Objective Basis: Our $XXX PO is based on a 10.5x PE multiple to our 2027 EPS forecast, discounted by one year. A 10.5x PE multiple is at the higher end of the historic range (7-12x), which we think is appropriate given expected synergy realization, optimistic credit outlook, and resilient cardholder base. -- Downside risks are: Slower-than-expected revolving credit growth, faltering economic recovery and rising loan losses, which could drive earnings below our estimates, and result in valuation compression. Cybersecurity and regulations are also risks." (Page X is not available here as X does not allow me to post pages from reports on this platform) XXX engagements  **Related Topics** [fintech](/topic/fintech) [finance](/topic/finance) [united states](/topic/united-states) [bank of](/topic/bank-of) [$cof](/topic/$cof) [stocks financial services](/topic/stocks-financial-services) [bank of america](/topic/bank-of-america) [stocks banks](/topic/stocks-banks) [Post Link](https://x.com/CorleoneDon77/status/1947406562344968336)
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DonCorleone77 @CorleoneDon77 on x 5388 followers
Created: 2025-07-21 21:21:20 UTC
$COF
Attached is page X of a 15-page Bank of America analyst report on COF issued today entitled:
"Consumer Finance Tidbits: Issue 25-17"
Bank of America has a 'Buy' rating on COF with a $XXX price target.
Bank of America's summary statement regarding COF in the report includes the following:
"Something to ponder: Fintech fees a positive for card vols:
If banks are successful in being able to charge for access to customer bank account data, it would be a positive for card volumes and the networks, in our view. JP Morgan has proposed charging a data aggregator (like Plaid) a fee to access customer bank account data. The amount of fees charged would depend on what the data was used for with payments being charged higher fees, per newspaper articles. Many merchants and fintechs leverage data aggregators to connect to consumer bank accounts.
In a pay-by-bank transaction (or account-to-account, A2A) a consumer connects his bank account to the merchant by logging into their account. The consumer doesn’t have to provide their account and routing number. The data aggregator or merchant can use the consumer’s bank account information to get that data and also for credit/fraud detection. Today, the data aggregator does not pay a fee for this connection to the bank.
Merchants choose pay-by-bank because they can avoid paying fees typically associated with a card transaction. However, if the bank charges a fee for the data connection, the cost of pay-by-bank transactions will go up, thereby making it a less attractive alternative to card transactions. This would be a positive for card volumes overall, and also mitigates the growing competitive threat from Pay-by-bank (or A2A payments).
-- Price Objective Basis:
Our $XXX PO is based on a 10.5x PE multiple to our 2027 EPS forecast, discounted by one year. A 10.5x PE multiple is at the higher end of the historic range (7-12x), which we think is appropriate given expected synergy realization, optimistic credit outlook, and resilient cardholder base.
-- Downside risks are:
Slower-than-expected revolving credit growth, faltering economic recovery and rising loan losses, which could drive earnings below our estimates, and result in valuation compression. Cybersecurity and regulations are also risks."
(Page X is not available here as X does not allow me to post pages from reports on this platform)
XXX engagements
Related Topics fintech finance united states bank of $cof stocks financial services bank of america stocks banks