Reported Earlier, Dave Comments On CFPB Proposal, Asserts ExtraCash Product Complies With Overdraft Regulatory Framework

7/19/24 2:25:20 AM ET

Finance: Consumer Services

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"We are closely monitoring the recently proposed interpretive ruling from the CFPB around paycheck advance and earned wage access ("EWA"), a model which Dave was originally founded on, but transitioned away from beginning in 2022 due to a lack of certainty around the regulations," said Jason Wilk, Founder and CEO of Dave. "Dave's ExtraCash product is structured as a bank-originated overdraft with optional fees, which combats the excessive fees found at incumbent banks. As a result, we believe ExtraCash and our optional fees sit within the overdraft regulatory framework that is distinguished from EWA and paycheck advance products."

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Recent Analyst Ratings for
$DAVE

Date	Price Target	Rating	Analyst
8/12/2024	$53.00	Buy	The Benchmark Company
7/26/2024	$53.00	Buy	Lake Street
6/10/2024	$54.00	Buy	Seaport Research Partners
6/7/2024	$60.00	Buy	B. Riley Securities
4/29/2024	$70.00	Mkt Outperform	JMP Securities
4/23/2024	$45.00	Mkt Perform → Outperform	Barrington Research
3/15/2024		Mkt Perform	Barrington Research
4/25/2022	$5.00	Hold	Jefferies

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$DAVE
Financials

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Dave to Report Third Quarter 2024 Results on November 12, 2024 at 5:00 p.m. ET
LOS ANGELES, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Dave Inc. ("Dave" or the "Company") (NASDAQ:DAVE), one of the nation's leading neobanks, will host a conference call on Tuesday, November 12, 2024, at 5:00 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2024. The Company's results will be reported in a press release prior to the call. Dave management will host the conference call, followed by a question-and-answer period. The conference call details are as follows: Date: Tuesday, November 12, 2024Time: 5:00 p.m. Eastern timeDial-in registration link: hereLive webcast registration link: here The conference call will also be available for replay i
10/25/24 8:30:00 AM ET
$DAVE
Finance: Consumer Services
Finance
Dave Reports Record Second Quarter 2024 Results
Record Q2 Revenue up 31% Y/Y to $80.1 Million; Y/Y Revenue Growth Accelerates for Third Consecutive Quarter Q2 GAAP Net Income Increases $29.0 Million Y/Y to $6.4 Million and Adj. EBITDA Increases $28.3 Million Y/Y to $15.2 Million Dave Raises 2024 Adjusted EBITDA Guidance to $40-$50 Million LOS ANGELES, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Dave Inc. ("Dave" or the "Company") (NASDAQ:DAVE), one of the nation's leading neobanks, today reported its financial results for the second quarter ended June 30, 2024. "2024 continues to show impressive results as we exceeded growth and profitability expectations again in the second quarter" said Jason Wilk, Founder and CEO of
8/5/24 4:05:00 PM ET
$DAVE
Finance: Consumer Services
Finance
Dave to Report Second Quarter 2024 Results on August 6, 2024 at 8:30 a.m. ET
LOS ANGELES, July 23, 2024 (GLOBE NEWSWIRE) -- Dave Inc. ("Dave" or the "Company") (NASDAQ:DAVE), one of the nation's leading neobanks, will host a conference call on Tuesday, August 6, 2024 at 8:30 a.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2024. The Company's results will be reported in a press release prior to the call. Dave management will host the conference call, followed by a question-and-answer period. The conference call details are as follows: Date: Tuesday, August 6, 2024Time: 8:30 a.m. Eastern timeDial-in registration link: hereLive webcast registration link: here The conference call will also be available for replay in the Event
7/23/24 4:05:00 PM ET
$DAVE
Finance: Consumer Services
Finance

Watching Dave; Bleeker Street Research Issues Report On Co Titled "Dave, Inc (DAVE): 100% Downside Possible As The Regulatory Heat Turns Up The Heat On This Lender"
https://www.bleeckerstreetresearch.com/research/dave
7/25/24 10:18:30 AM ET
$DAVE
Finance: Consumer Services
Finance
Western Alliance Posts Upbeat Earnings, Joins Abacus Life, SLB And Other Big Stocks Moving Higher On Friday
U.S. stocks were lower, with the Dow Jones index falling around 250 points on Friday. Shares of Western Alliance Bancorporation (NYSE:WAL) rose sharply during Friday's session following upbeat quarterly results. Western Alliance reported quarterly earnings of $1.75 per share which beat the analyst consensus estimate of $1.71 per share. The company reported quarterly sales of $771.80 million which beat the analyst consensus estimate of $737.64 million, according to data from Benzinga Pro. Western Alliance Bancorporation shares gained 7.2% to $76.16 on Friday. Here are some other big stocks recording gains in today’s session. Hawaiian Electric Industries, Inc. (NYSE:HE) shares
7/19/24 10:30:39 AM ET
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Reported Earlier, Dave Comments On CFPB Proposal, Asserts ExtraCash Product Complies With Overdraft Regulatory Framework
"We are closely monitoring the recently proposed interpretive ruling from the CFPB around paycheck advance and earned wage access ("EWA"), a model which Dave was originally founded on, but transitioned away from beginning in 2022 due to a lack of certainty around the regulations," said Jason Wilk, Founder and CEO of Dave. "Dave's ExtraCash product is structured as a bank-originated overdraft with optional fees, which combats the excessive fees found at incumbent banks. As a result, we believe ExtraCash and our optional fees sit within the overdraft regulatory framework that is distinguished from EWA and paycheck advance products."
7/19/24 2:25:20 AM ET
$DAVE
Finance: Consumer Services
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$DAVE
Leadership Updates

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Neobank Dave Joins the American Fintech Council to Create Financial Inclusivity in Digital Banking
LOS ANGELES, Feb. 13, 2024 /PRNewswire/ -- Dave Inc. (Nasdaq: DAVE), one of the nation's leading neobanks, today announced it has become the newest member of the American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks. Dave joins a diverse group of AFC members to progress fintech innovation, focusing on creating inclusive digital banking services and products for consumers not well-served by incumbent banks. "Our members are setting the standard for the responsible use of innovation to increase competitio
2/13/24 9:00:00 AM ET
$DAVE
Finance: Consumer Services
Finance
Dave Inc. Announces Appointment of Yadin Rozov to Board of Directors
LOS ANGELES, July 10, 2023 /PRNewswire/ -- Dave Inc. (NASDAQ:DAVE), one of the nation's leading neobanks, announced today the appointment of Yadin Rozov, a financial expert with deep experience in managing financial services firms and operating public companies, to its Board of Directors, effective July 6, 2023. Mr. Rozov has previously served as a board member for banking, insurance, chemicals, and pharmaceutical companies. With over 20 years of experience in capital markets, corporate finance, investment banking, and investment management, Mr. Rozov's guidance will support t
7/10/23 4:50:00 PM ET
$DAVE
Finance: Consumer Services
Finance
Dave Announces the Appointment of Chien-Liang Chou as its New Chief Technology Officer
LOS ANGELES, Sept. 6, 2022 /PRNewswire/ -- Dave Inc. (NASDAQ:DAVE, DAVEW))), a banking app on a mission to build products that level the financial playing field, today announced that Chien-Liang Chou has been named Chief Technology Officer, effective immediately. Mr. Chou previously served as Executive Vice President of Engineering at Dave, a position he held since 2020. In this role, he led the engineering, data, infrastructure, security and information technology teams, spearheading various data initiatives resulting in greater efficiencies and a better member experience. He
9/6/22 8:30:00 AM ET
$DAVE
Finance: Consumer Services
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$DAVE
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Dave to Report Third Quarter 2024 Results on November 12, 2024 at 5:00 p.m. ET
LOS ANGELES, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Dave Inc. ("Dave" or the "Company") (NASDAQ:DAVE), one of the nation's leading neobanks, will host a conference call on Tuesday, November 12, 2024, at 5:00 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2024. The Company's results will be reported in a press release prior to the call. Dave management will host the conference call, followed by a question-and-answer period. The conference call details are as follows: Date: Tuesday, November 12, 2024Time: 5:00 p.m. Eastern timeDial-in registration link: hereLive webcast registration link: here The conference call will also be available for replay i
10/25/24 8:30:00 AM ET
$DAVE
Finance: Consumer Services
Finance
Dave to Participate in Upcoming Investor Conferences in September
LOS ANGELES, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Dave Inc. ("Dave" or the "Company") (NASDAQ:DAVE), one of the nation's leading neobanks, today announced that the Company will participate in three upcoming investor conferences in September 2024. Benchmark 11th Annual TMT 1x1 Investor Conference is being held September 4-5 at the New York Athletic Club in New York, NY. The Company will hold 1x1 meetings throughout the day on September 5. H.C. Wainwright 26th Annual Global Investment Conference is being held September 9-11 at the Lotte New York Palace in New York, NY. The Company will participate in a fireside chat and hold 1x1 meetings throughout the day on September 11.B. Riley 2024 Consume
8/29/24 4:05:00 PM ET
$DAVE
Finance: Consumer Services
Finance
Dave to Participate in Upcoming Investor Conferences in August
LOS ANGELES, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Dave Inc. ("Dave" or the "Company") (NASDAQ:DAVE), one of the nation's leading neobanks, today announced that the Company will participate in three upcoming investor conferences in August 2024. Canaccord 44th Annual Growth Conference is being held August 13-15 at the InterContinental Boston Hotel in Boston, MA. The Company will hold 1x1 meetings throughout the day and a presentation at 2:00pm ET on August 13. Please click here to view the live event. A replay of the presentation will also be available on the Dave investor relations website at investor.dave.com. Seaport Research Partners 2024 Financials and Fintech Conference is being held vir
8/6/24 4:05:00 PM ET
$DAVE
Finance: Consumer Services
Finance

Reported Earlier, Dave Comments On CFPB Proposal, Asserts ExtraCash Product Complies With Overdraft Regulatory Framework

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Recent Analyst Ratings for $DAVE

$DAVE SEC Filings

SEC Form 10-Q filed by Dave Inc.

Dave Inc. filed SEC Form 8-K: Results of Operations and Financial Condition

SEC Form 144 filed by Dave Inc.

$DAVE Financials

Live finance-specific insights

Dave to Report Third Quarter 2024 Results on November 12, 2024 at 5:00 p.m. ET

Dave Reports Record Second Quarter 2024 Results

Dave to Report Second Quarter 2024 Results on August 6, 2024 at 8:30 a.m. ET

$DAVE Analyst Ratings

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The Benchmark Company initiated coverage on Dave, Inc. with a new price target

Lake Street initiated coverage on Dave, Inc. with a new price target

Seaport Research Partners initiated coverage on Dave, Inc. with a new price target

$DAVE Market Insights

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Watching Dave; Bleeker Street Research Issues Report On Co Titled "Dave, Inc (DAVE): 100% Downside Possible As The Regulatory Heat Turns Up The Heat On This Lender"

Western Alliance Posts Upbeat Earnings, Joins Abacus Life, SLB And Other Big Stocks Moving Higher On Friday