Amazon.com (AMZN) Stock Down, Prime Members Get Student Loan Discounts

Amazon.com (AMZN) announced a partnership with Wells Fargo (WFC) that would offer its Prime members discounted student loans.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of Amazon.com (AMZN) - Get Report  are down 0.18% to $744.40 this afternoon after the company announced a partnership with Wells Fargo (WFC) offering discounted student loans to Prime members.

Amazon.com Prime Student members can apply for private student loans through Wells Fargo that boast a 0.5% interest rate discount, according to a company statement.

"This is a tremendous opportunity to bring together two great brands," said Wells Fargo's head of Personal Lending Group, John Rasmussen.

Wells Fargo is looking to "meet customers where they are - and increasingly that is in the digital space," Rasmussen said.

(Amazon.com is held in the Growth Seeker portfolio. See all of the holdings with a free trial.)

Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B-.

The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, expanding profit margins and solid stock price performance.

TheStreet Ratings feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that TheStreet Ratings evaluated.

You can view the full analysis from the report here: AMZN

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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