Mizuho argues that recent financial results from Bank of America (BAC), Wells Fargo (WFC) and LendingTree (TREE) offer a “bullish view” for Intuit’s (INTU) Credit Karma segment revenue when the company reports fiscal Q1 results on November 20. The banks’ new credit card account growth significantly accelerated in calendar Q3, while LendingTree saw strong growth in its personal loans and insurance segments, notes the analyst, who believes Intuit could post “another quarter” of significant Credit Karma revenue upside. Mizuho has an Outperform rating and $875 price target on Intuit shares.
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