New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 15, 2014
06:06 EDTCOFCapital One reports December net charge-off rate 4.11% vs. 3.82% last month
Reports December U.S. delinquency rate 3.43% vs. 3.53% last month.
News For COF From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 12, 2016
07:24 EDTCOFCredit card stocks discounting unlikely recession, says Wells Fargo
Subscribe for More Information
February 11, 2016
11:29 EDTCOFOptions with increasing put volume
Options with increasing put volume; CPB JNPR OMF DWA CAH MAIN BA FLO DVN T COF
11:17 EDTCOFCredit card stocks downgraded on fears about weakening economy
Bank of America Merrill Lynch downgraded its ratings on several credit card networks today, citing "palpable anxiety" about the U.S. economy. WHAT'S NEW: Bank of America analyst Kenneth Bruce downgraded Visa (V), MasterCard (MA), Capital One (COF) and Discover (DFS) to Neutral from Buy. Bruce said that he is less optimistic that the stocks can rebound quickly from their recent declines given investors' worries about the U.S. economy. Moreover, although U.S. consumers are currently "in a generally decent financial position," that could change if the economy slows significantly, the analyst believes. In the face of that risk, the valuations of the credit card networks will probably stay at the lower end of their normal ranges, Bruce forecast. He cut his price target on Visa to $75 from $85, on MasterCard to $92 from $105, on Capital One to $66 from $88 and on Discover to $48 from $60. PRICE ACTION: In morning trading, Visa fell 3.8% to $67.50, MasterCard lost 2.2% to $81.50, Capital One declined 3.6% to $59.60 and Discover slumped over 5% to $43.30.
10:01 EDTCOFOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARM Holdings (ARMH) downgraded to Underperform from Market Perform at Bernstein... Apollo Investment (AINV) downgraded to Market Perform from Outperform at JMP Securities... Cabot Microelectronics (CCMP) downgraded to Neutral from Buy at Citi... Caesarstone (CSTE) downgraded to Equal Weight from Overweight at Barclays... Capital One (COF) downgraded to Neutral from Buy at BofA/Merrill... Discover (DFS) downgraded to Neutral on potential US slow-down at BofA/Merrill... Douglas Emmett (DEI) downgraded at Stifel... E.ON AG (EONGY) downgraded to Sell from Hold at Berenberg... Flowers Foods (FLO) downgraded on disappointing results at SunTrust... HCP (HCP) downgraded at Stifel... International Flavors (IFF) downgraded to Hold from Buy at Deutsche Bank... LinnCo (LNCO) downgraded to Sell from Hold at Stifel... LivePerson (LPSN) downgraded to Neutral from Buy at Roth Capital... MasterCard (MA) downgraded to Neutral from Buy at BofA/Merrill... Matrix Service (MTRX) downgraded to Sector Weight from Overweight at KeyBanc... Prospect Capital (PSEC) downgraded to Underperform at Raymond James... RWE AG (RWEOY) downgraded to Sell from Hold at Berenberg... Regions Financial (RF) downgraded to Equal Weight from Overweight at Morgan Stanley... Rush Enterprises (RUSHA) downgraded to Market Perform at Raymond James... Smith & Nephew (SNN) downgraded to Neutral at UBS... SolarCity (SCTY) downgraded to Equal Weight from Overweight at Barclays... Sotheby's (BID) downgraded on weak art market at Stifel... SunEdison Semiconductor (SEMI) downgraded to Sell from Neutral at Citi... Sunrun (RUN) downgraded to Equal Weight from Overweight at Barclays... Synovus (SNV) downgraded to Underweight from Equal Weight at Morgan Stanley... Tenaris (TS) downgraded to Underweight from Neutral at JPMorgan... Twitter (TWTR) downgraded to Hold from Buy at Topeka... Visa (V) downgraded to Neutral on possible US slow-down at BofA/Merrill... W.P. Carey (WPC) downgraded to Equalweight from Overweight at Capital One... Wendy's (WEN) downgraded to Neutral from Overweight at JPMorgan.
08:27 EDTCOFCapital One downgraded to Neutral on potential US slow-down at BofA/Merrill
Subscribe for More Information
06:42 EDTCOFCapital One downgraded to Neutral from Buy at BofA/Merrill
Subscribe for More Information
February 8, 2016
07:26 EDTCOFThe FDIC and Federal Reserve Bank of San Francisco to hold a conference
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