Tech, Media & Telecom Roundup: Market Talk

The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

1427 ET – Intuit’s Credit Karma business continues to gain strong momentum, a development that tends to be underappreciated, JPMorgan analysts say in a note. Credit Karma had the strongest upside to consensus growth estimates among Intuit’s business segments in the latest quarter, boosted by further share gains in certain portions of the massive consumer credit market, the analysts say. Credit Karma’s upside is also likely a function of the large troves of data Intuit can leverage across its platform, they say. “We are impressed with Credit Karma’s momentum in the recent past and the disproportionate amount of upside it is driving,” they say, though note they remain mindful of Intuit’s tougher year-over-year growth comparisons over the next several quarters. ([email protected])