Piper Jaffray Inc. Senior Research Analyst Jeffrey Evanson has expanded his coverage of the consumer finance industry to include credit card issuers. Today, Piper Jaffray initiated coverage of four credit card issuers: Capital One Financial Corporation# (COF–123-7/8) with a strong buy rating, American Express Company# (AXP–$107-7/8) with a buy rating, MBNA Corporation# (KRB–23 5/8) with a buy rating and Providian Financial Corp.# (PVN–98 /) with a buy rating.
Evanson’s consumer finance coverage also includes diversified finance and financial business services.
Piper Jaffray Inc., soon to be U.S. Bancorp Piper Jaffray, provides a full range of investment products and services to businesses, institutions and individuals. Piper Jaffray’s investment banking business has grown exponentially in the last several years by focusing on the needs of growth companies in the health care, technology, financial institutions, consumer and industrial growth sectors. Piper Jaffray has a national reputation for its expertise in fundamental and technical research as well as equity and debt financing. Securities products and services are offered through Piper Jaffray Inc., member SIPC and NYSE, Inc., a subsidiary of U.S. Bancorp (NYSE: USB). Through U.S. Bank, Piper Jaffray clients can access a full range of commercial and retail banking products. For more information, visit . Nondeposit investment products are not insured by the FDIC, are not deposits or other obligations of or guaranteed by the U.S. Bank National Association or its affiliates, and involve investment risks, including possible loss of the principal amount invested.Details