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Stock Market & Financial Investment News

News Breaks
January 3, 2014
12:45 EDTCOST, COST, COSTCostco management to meet with Jefferies
Group luncheon to be held in Las Vegas on January 10 in conjunction with the CES Conference hosted by Jefferies.
News For COST From The Last 14 Days
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March 4, 2015
15:31 EDTCOSTCostco March weekly 147 straddle priced for 2.1% movement into Q2
15:13 EDTCOSTNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Costco (COST), consensus $1.18... Kroger (KR), consensus 90c... Joy Global (JOY), consensus 36c... Ares Management (ARES), consensus 36c... Canadian Solar (CSIQ), consensus $1.34.
11:34 EDTCOSTCiti OneMain sale, Costco win both positive for shares, says Morgan Stanley
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March 3, 2015
08:30 EDTCOSTVisa should benefit from proliferation of token services, says Pacific Crest
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06:06 EDTCOSTCiti upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Citigroup (C) to Overweight saying the Costco (COST) co-branding credit card deal announced yesterday will add to revenue growth and return on assets. Further, the firm expects the Federal Reserve to approve Citi's capital return in 2015 and for the banking giant to achieve its operating efficiency targets this year. It upped its price target for shares to $58 from $54. Citi closed Monday up $1.07 to $53.49.
March 2, 2015
09:16 EDTCOSTCostco March weekly volatility elevated into Q2 and outlook
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08:11 EDTCOSTCapital One slips after Costco enters co-brand card pact with Visa, Citi
Shares of Capital One (COF) are slipping in pre-market trading after Costco Wholesale (COST) announced it has entered into a new co-brand credit card program agreement with Citi (C) and an acceptance and co-brand incentive agreement with Visa (V). The Fly notes that on February 12 American Express (AXP) announced that its U.S. co-brand and merchant acceptance agreements with Costco are set to end on March 31, 2016. On October 1 of last year, MasterCard Canada (MA) entered into an agreement with Costco Canada to open credit card acceptance to MasterCard cardholders. In addition, Capital One rolled out a new cobranded MasterCard credit card with Costco Canada at that time, which may have led some to speculate that Capital One and MasterCard could have the inside track for a U.S. deal with Costco. In pre-market trading, Capital One shares slid 0.56% to $78.27 and MasterCard shares slipped fractionally lower to $90.
08:06 EDTCOSTCostco enters long-term co-brand credit card agreement with Citi, Visa
Costco Wholesale (COST) announced it has entered into a new co-brand credit card program agreement with Citi (C) and an acceptance and co-brand incentive agreement with Visa (V). The implementation of these agreements is subject to the purchase of the existing co-brand credit card portfolio by Citi. Under the terms of the agreements, Citi, the world's largest issuer of consumer credit cards, would become the exclusive issuer of Costco's co-brand credit cards and Visa will replace American Express as the credit card network for Costco in the United States and Puerto Rico beginning April 1, 2016. Once issued, Costco's co-brand Visa credit card would provide generous rewards to Costco members, serve as the Costco membership card, and would be accepted at Costco locations in the United States and Puerto Rico, as well as all merchants worldwide that accept Visa credit cards. Costco will provide its members with additional information in the coming months regarding the anticipated transition from its existing co-brand credit card program.
08:06 EDTCOSTCostco enters long-term co-brand credit card agreement with Citi, Visa
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February 27, 2015
09:32 EDTCOSTCostco U.S. sales trends slightly softer in February, say Cleveland Research
February 24, 2015
12:45 EDTCOSTAmerican Express strength an selling opportunity, says Credit Suisse
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February 20, 2015
07:10 EDTCOSTBrean Capital to hold a bus tour
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