New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 21, 2014
09:13 EDTAXP, COF, DFSAmex, 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
Check below for free stories on AXP;COF;DFS the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 18, 2014
14:31 EDTCOF, AXPCapital One said to bump Amex as Costco Canada card issuer, Bloomberg says
Subscribe for More Information
14:14 EDTCOF, AXPCapital One said to replace American Express as Costco Canada card issuer
MasterCard said to be processor for new Costco Canada cards. Reported by Bloomberg.
11:53 EDTAXPCostco to stop accepting Amex cards in Canada on Jan 1, 2015 Globe and Mail says
Costco (COST) said it will not renew its credit card relationship with American Express (AXP) when it expires on December 31 of this year. Therefore, it will not accept Amex cards in Canada beginning January 1, 2015, The Globe and Mail reports. Reference Link
September 17, 2014
10:15 EDTDFSDiscover calls active, rumored to be eyed as target by Apple, report
Subscribe for More Information
10:04 EDTDFSDiscover rumored to be eyed as target by Apple, Bank Innovation says
Subscribe for More Information
September 16, 2014
10:22 EDTCOFBanks set for ad battle to be default choice for Apple Pay, Apple Insider says
Subscribe for More Information
September 15, 2014
12:03 EDTAXPAmerican Express reports August write-off rate 1.5% vs. 1.5% last month
Reports August 30 days past due loans 0.9% vs. 0.9% last month.
08:33 EDTDFSDiscover reports August charge-offs 1.81% vs. 1.65% last month
Subscribe for More Information
06:07 EDTCOFCapital One reports August charge-off rate 2.81% vs. 2.88% last month
Subscribe for More Information
September 14, 2014
12:15 EDTAXPAmerican Express could rise almost 30%, Barron's says
Subscribe for More Information
September 12, 2014
07:41 EDTCOFBank lending grew in quarter, with Capital One leading pack, WSJ reports
Total loans outstanding at U.S. banks and thrifts grew by $178.5B in the second quarter, with Capital One Financial (COF) leading the big banks by growing its loans at an annualized rate of 12.5%, according to SNL Financial data, reported The Wall Street Journal. SNL said 14 of the 15 largest U.S. banks increased their lending, with only Bank of America (BAC) issuing fewer loans than the quarter before, largely attributed to a drop in U.S. closed-end residential mortgages, the report noted. Other publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:35 EDTCOF, AXPApple getting discounted card fees for Apple Pay, NY Times reports
Banks are charging Apple lower than usual credit card fees for the tech giant's new mobile payment system, according to The New York Times. The banks hope that participating in Apple Pay will enable them to process transactions that aren't currently being paid for with credit cards, the newspaper explained. The banks and credit card networks also hope to use Apple Pay to prevent technologies that don't incorporate banks from becoming popular, The Times reported. Publicly traded credit card networks include American Express (AXP), Capital One (COF), Discover (DFS), MasterCard (MA) and Visa (V). Publicly traded banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC)..Reference Link
September 10, 2014
08:14 EDTAXPVisa best positioned among card networks for Apple Pay, says Pacific Crest
Pacific Crest believes that Visa (V) is the best positioned to benefit from Apple Pay among credit card networks, as the firm notes that Visa cards were prominently displayed in the demonstrations, that accompanied the launch of the service. The firm thinks that Visa's technology leaves it well-positioned to play a critical role in fostering mobile payments with Apple and potentially others like Google (GOOGL). Pacific Crest adds that Apple Pay is also positive for MasterCard (MA) and American Express (AXP). It keeps an Outperform rating on Visa and Sector Perform ratings on MasterCard and American Express.
08:02 EDTAXPApple Pay positive for Visa, MasterCard and American Express, says BofA/Merrill
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use