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Stock Market & Financial Investment News

News Breaks
June 3, 2014
12:29 EDTDLLR, CSH, EZPW, FCFSCash 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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August 26, 2015
10:00 EDTFCFSOn The Fly: Analyst Downgrade Summary
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08:12 EDTFCFSFirst Cash Financial downgraded on lack of catalysts at JMP Securities
As noted earlier, JMP Securities downgraded First Cash to Market Perform from Outperform. The firm says that, given macro pressures in Mexico and lackluster results by the company's peers suggesting weak U.S. loan growth, First Cash is unlikely to outperform going forward.
06:12 EDTFCFSFirst Cash downgraded to Market Perform from Outperform at JMP Securities
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August 25, 2015
08:05 EDTCSHCash America management to meet with Jefferies
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August 18, 2015
16:10 EDTEZPWEZCORP receives Nasdaq deficiency notice
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