New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 3, 2014
12:29 EDTFCFS, DLLR, CSH, EZPWCash America sinks after analyst sees high regulatory risk
Shares of payday lender Cash America (CSH) are falling after research firm Janney Capital downgraded the stock to Neutral from Buy, saying it faces high regulatory risks. WHAT'S NEW: Cash America's risk/reward ratio has become less attractive, as the company faces high regulatory risks and scrutiny in the U.S. and the U.K., Janney Capital analyst Sameer Gokhale wrote in a note to investors earlier today. The U.K. has already placed limits on payday lenders and America's Consumer Financial Protection Bureau is in the process of developing rules for the industry, the analyst stated. The CFPB's regulations could limit rollovers of loans and place limits on the size of loans, Gokhale predicted. The new rules could negatively affect Cash America's profitability, warned the analyst, who thinks that the shares appear to be fairly valued and the stock's ability to rise is limited. PRICE ACTION: In early afternoon trading, Cash America dropped 5.7% to $45.45. Other payday lenders also fell, with First Cash Financial (FCFS) losing 1.4% to $52.33, EZCORP (EZPW) dropping 2.7% to $11.96, and DFC Global (DLLR) retreating 0.5% to $9.35.
News For CSH;FCFS;EZPW;DLLR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 20, 2015
18:01 EDTEZPWEZCORP receives written notice from NASDAQ
Subscribe for More Information
17:45 EDTEZPWEZCORP sees preliminary Q2 net revenue $312M
The company said, "We anticipate that cash flow from operations and our cash on hand will be adequate to fund our contractual obligations, planned store growth, capital expenditures and working capital requirements during the remainder of the fiscal year. In addition, we expect to continue to obtain local financing to fund Grupo Finmart’s lending growth and our Mexican pawn growth."
May 19, 2015
07:08 EDTCSHWells Fargo to hold a conference
4th Annual Specialty Finance Conference is being held in New York on May 19.
May 12, 2015
17:31 EDTEZPWEZCORP to delay filing Form 10-Q
Subscribe for More Information
May 11, 2015
06:27 EDTCSHCash America management to meet with Jefferies
Meetings to be held in Los Angeles/ Newport Beach, CA May 11-12 hosted by Jefferies.

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