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Brean Capital reiterates Hold on Nordstrom (JWN) Following Completion on Credit Card Receivables Sale

October 2, 2015 11:02 AM EDT

Brean Capital reiterated a Hold rating on Nordstrom (NYSE: JWN) following the announced completion of its credit card receivables sale to TD Bank. The company plans to return excess capital to shareholders.

Analyst Tom Forte commented, "After the market close on Thursday,... More