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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
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April 16, 2015
06:14 EDTFCFSFirst Cash Financial added 17 large format pawn store locations in Q1
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06:14 EDTFCFSFirst Cash Financial reports Q1 retail merchandise sales growth up 19%
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06:10 EDTFCFSFirst Cash Financial backs FY15 EPS $2.75-$2.90, consensus $2.81
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06:02 EDTFCFSFirst Cash Financial reports Q1 EPS 59c, consensus 58c
Reports Q1 revenue $176.02M, consensus $175.32M
April 6, 2015
16:09 EDTCSHCash America CEO to remain with company until October 31
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