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Stock Market & Financial Investment News

News Breaks
March 21, 2014
09:13 EDTDFS, COF, AXPAmex, Capital One, Discover can return large amount of profit, says Buckingham
After the Fed released the results of its stress test, Buckingham thinks that American Express (AXP), Capital One (COF), and Discover (DFS) all have significant capital surpluses which should permit them to return a large portion of their earnings to investors via repurchases and dividends in 2014. The firm continues to recommend buying all three stocks.
News For AXP;COF;DFS From The Last 14 Days
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May 21, 2015
14:52 EDTCOFCapital One upgraded to Buy by Rafferty's Bove
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14:47 EDTCOFCapital One upgraded to Buy from Hold at Rafferty Capital
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06:00 EDTCOFCapital One removed from Priority Stock List at Wells Fargo
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May 20, 2015
10:01 EDTDFSDiners Club and ABank announce new card-issuing agreement in Turkey
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May 19, 2015
07:32 EDTAXPPacific Crest shifts preference to MasterCard, upgrades to buy
Pacific Crest analyst Josh Beck shifted his preference to MasterCard (MA) from Visa (V) and upgraded the stock to Overweight from Sector Weight. Beck believes interchange legislation in Europe may have an unintended consequence of benefiting global open-loop payment networks, favoring both MasterCard and Visa. The changes are also positive for eBay's (EBAY) PayPal and mixed for American Express (AXP), Beck tells investors today in a research note. He points out his preference for MasterCard relative to Visa follows the latter company's outperformance over the past year. Beck has a $110 price target for MasterCard shares. The stock closed yesterday down 14c to $93.08.
07:13 EDTDFSBarclays to hold a conference
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May 18, 2015
12:09 EDTAXPAmerican Express management to meet with Guggenheim
Meeting to be held in New York on May 20 hosted by Guggenheim.
07:46 EDTAXPAmerican Express has $850M revenue opportunity with Plenti, says Deutsche Bank
Deutsche Bank estimates the coalition loyalty/rewards program Plenti represents a $750M-$850M annual revenue opportunity for American Express (AXP) over the next 3-5 years. Earnings accretion will take time, but returns on equity are likely "very high," Deutsche says in a research note. The firm believes Plenti is an example of how Amex is leveraging its strengths to mitigate the loss of Costco (COST). It thinks Plenti's next program supplier needs to be a grocery chain, and pegs Whole Foods (WFM) as a good candidate. Deutsche keeps a Buy rating on American Express with a $90 price target.
May 15, 2015
12:03 EDTAXPAmerican Express reports April net write-off rate 1.5% vs. 1.5% last month
Reports April 30 days past due loans 0.9% vs. 1.0% last month.
08:28 EDTDFSDiscover reports April net charge-offs 1.7% vs. 1.71% last month
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06:05 EDTCOFCapital One reports April net charge-off rate 3.66% vs. 3.63% last month
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