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Stock Market & Financial Investment News

News Breaks
January 8, 2013
10:25 EDTAXP, AXP, AXP, COF, COF, COF, DFS, DFS, DFS, MA, MA, MA, V, V, VCitigroup's payment processors research team holds a conference call
Payments Processors Analyst Research Team, along with Felix Marx, CEO of mobile wallet technology Provider C-SAM, discuss their report, Card Payments Outlook for 2013, on an Analyst/Industry conference call. Relevant covered companies American Express, Capital One Financial, Discover Financial Services, Mastercard and Visa may be included on the Analyst/Industry conference call to be held on January 11 at 11 am.
News For AXP;COF;DFS;MA;V From The Last 14 Days
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May 23, 2013
14:45 EDTV, MARetailers file new suit against card companies over swipe fees, Bloomberg says
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11:59 EDTV, MARetailers file suit against Visa, MasterCard over credit cards, Bloomberg says
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11:56 EDTVVisa names Ryan McInerney president
Visa (V) announced the appointment of Ryan McInerney as president of Visa. In this role, McInerney will be responsible for Visa's global client organization, product management as well as a new solutions group, which will focus on building and bringing to market new products and services to Visa's issuer, acquirer and merchant clients. Mr. McInerney will report to Charlie Scharf, CEO of Visa . McInerney joins Visa from JP Morgan Chase (JPM) where he was the CEO of Consumer Banking.
May 21, 2013
14:50 EDTMA, VWal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link
May 20, 2013
09:58 EDTAXPAmerican Express management to meet with Buckingham
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May 16, 2013
08:11 EDTDFSDiscover network business remains undervalued, says Susquehanna
Susquehanna believes Discover's network business is still undervalued calling a hidden asset. The firm expects the company's multiple to expand as the network surfaces on the PayPal and other partnerships. Shares are Positive rated with a $49 price target.
May 15, 2013
17:46 EDTVSAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), .
17:03 EDTCOFSoros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF).
12:05 EDTAXPAmerican Express reports April net write-off rate 2.1% vs. 2.0% last month
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07:25 EDTDFSDiscover reports April net charge-offs 1.94% vs. 2.13% last month
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06:08 EDTCOFCapital One reports April U.S. charge-off rate 4.61% vs. 4.69% last month
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May 14, 2013
09:17 EDTVVisa prepared to enter China, China Daily reports
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06:44 EDTV, MAVisa Europe offers to reduce inter-bank fees, Reuters says
Visa Europe, the European licensee of Visa (V), is prepared to reduce its interbank credit fees by 50% for four years in order to terminate an EU antitrust probe and prevent itself from possibly being fined, according to Reuters. The reduction would lower Visa Europe's interbank credit fees to 0.3%, the same level as that of MasterCard (MA), EU stated, Reuters reported. Reference Link
05:40 EDTVVisa price target raised to $196 from $177 at Deutsche Bank
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May 13, 2013
07:59 EDTVVisa management to meet with Deutsche Bank
Meeting to be held in New York on May 13 hosted by Deutsche Bank.

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