Originally posted by pixy242
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Schwab reports this, presumably based on the conference call:
** While earnings and revenue beat estimates, analysts cite concerns about competition as well as future growth prospects
** "CACC reported an all-time high provision expense and falling collections forecasts will hurt the company's future results," said Janney Montgomery Scott analyst John Rowan who also cited a loan unit volume decline of 8.3 pct in Oct
An edited transscript of the call is here: http://finance.yahoo.com/news/edited...015251921.html
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