BUZZ-FICO climbs after Pulte says reviewing potential deal with credit scoring giant

Reuters
Nov 11
BUZZ-FICO climbs after Pulte says reviewing potential deal with credit scoring giant

** Shares of credit scoring giant Fair Isaac Corp FICO.N, widely known as FICO, climb as much as 3.9%

** Stock last up 1.3% at $1,762.4

** In a post on social media platform X, Bill Pulte, director of the Federal Housing Finance Agency, says: "currently reviewing a potential deal with FICO on implementing their new credit score, FICO 10T"

** "This would be great for consumers and the safety of the mortgage market, to have both FICO 10T Score and Vantage Score 4.0," Pulte adds

** VantageScore 4.0 and FICO 10T take into account additional sources of data, including rent payment history, which according to the FHFA has potential to "accurately" score many more Americans

** 16 of 22 brokerages rate the stock "buy" or higher, five "hold" and one "sell"; median PT $2,005 — data compiled by LSEG

** As of last close, FICO stock down 12.6% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10