VP Harris's small business tax deduction is positive for small business lending – BTIG [Seeking Alpha]
Live Oak Bancshares, Inc. (LOB)
Last live oak bancshares, inc. earnings: 4/22 04:45 pm
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Source: Seeking Alpha
Vice President Kamala Harris spoke about her proposal to increase the small business startup tax deduction from $5,000 to $50,000 during last night's presidential debate. Boltansky said this proposal could spur new lending originations. “While the ~$3B per year cost could result in some changes, we believe the odds of increasing the startup deduction during next year's tax reform effort are high no matter the outcome in November,” he said. This increase in the business startup tax deduction would be a positive for small business lending originations, he said, which would benefit large SBA lenders. Among those possibly benefiting, he mentioned Live Oak Bancshares Inc. ( NYSE: LOB ), Huntington Bancshares Inc. ( NASDAQ: HBAN ), and NewtekOne Inc. ( NEWT Recommended For You Recommended For You More Trending News Related Stocks Trending Analysis Trending News
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News
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- Live Oak Bancshares, Inc. (NASDAQ: LOB) had its price target raised by analysts at Truist Financial Co. from $38.00 to $51.00. They now have a "buy" rating on the stock.MarketBeat
LOB
Earnings
- 7/24/24 - Beat
LOB
Sec Filings
- 8/28/24 - Form 4
- 8/27/24 - Form 4
- 8/23/24 - Form 144
- LOB's page on the SEC website