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Stock Market & Financial Investment News

News Breaks
January 15, 2014
07:32 EDTADSAlliance Data reports December net charge-offs 5.2% vs. 5.2% last month
Reports December delinquency rate 4.2% vs. 4.3% last month
News For ADS From The Last 14 Days
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February 9, 2016
10:38 EDTADSHigh option volume stocks: CTCT WYN DPM MXL CSOD PAGP HDP ZIOP QLYS ADS
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February 4, 2016
07:40 EDTADSAlliance Data to provide credit card program for Boscov's
Alliance Data's Columbus, Ohio-based card services business has signed a new long-term agreement to provide private label credit card services for Boscov's Department Store. Based in Reading, Pennsylvania, Boscov's is the largest family-owned department store chain in the U.S. Boscov's will leverage Alliance Data's MyLoyalty App capabilities. In addition, Alliance Data has signed an agreement to purchase the existing Boscov's portfolio of private label credit card accounts, subject to customary closing conditions. The portfolio has a size of approximately $200M. Closing of the portfolio purchase is expected in Q1.
February 2, 2016
07:32 EDTADSEpsilon signs multi-year gareement with Lamps Plus
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January 29, 2016
08:48 EDTADSAlliance Data outlook not as bad as feared, says JMP Securities
JMP Securities says that Alliance Data's 2016 credit guidance implies "a slightly larger pace of 'normalization' of loss rates than what was articulated three months earlier." However, the firm says that the company's loss rate guidance did not actually change, while the credit indicators suggest that the company's outlook is much more stable than the shares indicate. JMP cut its price target on the name to $260 from $330 to reflect weaker market sentiment but keeps an Outperform rating on the shares.
07:46 EDTADSAlliance Data selloff on credit quality worries overdone, says Stephens
Stephens analyst Brett Huff said the sharp decline yesterday in Alliance Data shares presents a buying opportunity as the credit quality scenario being priced in for its card business is "overly pessimistic." Huff continues to think Alliance Data can hit its 2016 earnings guidance, but also thinks the market has re-valued the credit business with a lower multiple. Given that, he lowered his price target on shares to $275 from $350 but keeps an Overweight rating on the stock.
07:08 EDTADSAlliance Data should be bought on weakness, says SunTrust
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