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August 20, 2024 15:31 ET | Source: ZimCal Asset Management LLC

ZimCal disturbed by Medallion Financial’s second quarter results

2Q24 results show worrying trends that must be addressed immediately.Core charge-offs (YoY), ROAA, ROAE and holding company cash-burn trended poorly.Quarterly earnings, ROAA and core ROAA (Ex. Taxi...