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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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October 16, 2014
15:26 EDTVApple Pay available to millions of Visa cardholders
Visa (V) announced that starting October 20 eligible Visa cardholders in the U.S. will be able to use Apple (AAPL) Pay, Apple’s new payment service, to begin to make purchases at select U.S. merchants with their new iPhone. Visa is actively working with its client base of thousands of U.S. financial institutions to enable them to offer the new Apple Pay service to their account holders.
15:10 EDTAXPAmerican College of Gastroenterology to hold annual meeting
ACG Annual Scientific Meeting 2014 to be held in Philadlephia, PA on October 17-22.
14:09 EDTCOF, MA, V, AXPApple confirms October 20 start date for Apple Pay
Apple (AAPL) announced that customers can start making payments on Monday, October 20, when Apple Pay becomes available in the U.S. Users of the iPad Air 2 and iPad mini 3 will be able to use Touch ID on their devices for Apple Pay within apps. The new service will be enabled by a free software update to iOS 8. Apple Pay supports credit and debit cards from the three major payment networks: American Express (AXP), MasterCard (MA) and Visa (V). In addition to American Express, Bank of America (BAC), Capital One Bank (COF), Chase (JPM), Citi (C), Wells Fargo (WFC) and others, who announced support in September, more than 500 new banks from across the country have signed on to Apple Pay, the company said.
10:01 EDTAXPOn The Fly: Analyst Upgrade Summary
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06:10 EDTAXPAmerican Express upgraded to Neutral from Underweight at JPMorgan
JPMorgan upgraded American Express to Neutral with a $90 price target citing a more balanced outlook following the company's Q3 results.
October 15, 2014
18:26 EDTAXPOn The Fly: After Hours Movers
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16:27 EDTAXPAmerican Express CEO says growth rate still below long-term target
Kenneth I. Chenault, chairman and CEO stated, “Card Member spending was up 9%, a modest acceleration from last quarter, and loan balances grew 5%. Revenues continued to rise at a steady pace, but the growth rate is still below our long-term target."
16:19 EDTAXPAmerican Express down 2.8% after reporting Q3 results
16:06 EDTAXPAmerican Express reports global commercial services net income $204M
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16:05 EDTAXPAmerican Express reports Q3 card member spending up 9% YoY
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16:03 EDTAXPAmerican Express reports Q3 U.S. card services net income $889M, up 14% YoY
Reports Q3 International card services net income $142M, unchanged from a year ago.
16:02 EDTAXPAmerican Express reports Q3 EPS $1.40, consensus $1.36
Reports Q3 revenue $8.33B, consensus $8.35B.
15:28 EDTAXPNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include American Express (AXP), consensus $1.36; eBay (EBAY), consensus 67c; Kinder Morgan (KMI), consensus 34c; Kinder Morgan Energy Partners (KMP), consensus 64c; Kinder Morgan Management (KMR), consensus 58c; El Paso Pipeline Partners (EPB), consensus 39c; Netflix (NFLX), consensus 93c; United Rentals (URI), consensus $2.08; Navient (NAVI), consensus 52c; Las Vegas Sands (LVS), consensus 58c; Umpqua Holdings (UMPQ), consensus 29c; Astoria Financial (AF), consensus 16c; Rambus (RMBS), consensus 5c.
12:04 EDTAXPAmerican Express reports September write-off ate 1.2% vs. 1.5% last month
Reports September 30 days past due loans 1.0% vs. 0.9% last month.
08:57 EDTCOFCapital One reports September charge-off rate 2.79% vs. 2.81% last month
Reports September delinquency rate 3.21% vs. 3.08% last month.
October 14, 2014
09:13 EDTCOFCapital One October volatility elevated into Q3 and outlook
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08:50 EDTVVisa, 3PEA International enter into prepaid card agreement
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October 13, 2014
07:19 EDTMA, V, AXP, COFAmEx, Capital One profits seen boosted by credit card 'sweet spot,' WSJ says
Credit card players such as American Express (AXP) and Capital One (COF), as well as banks with significant card units like JPMorgan (JPM), stand to benefit from the U.S. card industry's "sweet spot" of moderate economic growth, low interest rates and consumers who are better managing payments while growing their spending, said The Wall Street Journal, which noted that consulting firm R.K. Hammer estimates U.S. card issuers' revenue will grow 9% this year to $158.6B. Other U.S. banks with credit card units include Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC) and other card companies include Visa (V) and MasterCard (MA). Reference Link
07:15 EDTAXPNational Association of Corporate Directors to hold a conference
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00:04 EDTCOFBanking regulators want more disclosure on auto loans, Reuters says
Banking regulators are requesting that banks provide more details on their auto loan portfolios, says Reuters. Balances remaining on auto loans are rising and about a fifth of the loans are subprime, added Reuters. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Capital One (COF), JPMorgan (JPM), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
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