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News Breaks
October 10, 2012
09:59 EDTCVS, AXP, GDOTGreen Dot falls after firm says CVC close to deal with AmEx
Prepaid card issuer Green Dot (GDOT) is sliding after research firm Jefferies, in a note to investors earlier today, wrote that CVS (CVS) may be planning to offer American Express (AXP) prepaid cards. CVS is one of Green Dot's largest distribution partners, and generates about 6% of the card issuer's total revenues, according to Jefferies. Due to American Express' rapid encroachment on Green Dot's largest distribution partners, the firm reduced its 2012 and 2013 revenue and earnings per share estimates for the company. Jefferies also slashed its price target on Green Dot to $13 from $17 and maintained a Hold rating on the stock. In early trading, Green Dot sank 40c, or 4%, to $9.60. The shares fell significantly Monday after Wal-Mart, another distribution partner of Green Dot, announced a deal to roll-out American Express prepaid cards in 4,000 of its store.
News For GDOT;AXP;CVS From The Last 14 Days
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September 3, 2015
16:21 EDTGDOTGreen Dot receives regulatory approval for share repurchase program
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August 27, 2015
19:14 EDTCVSExpress Scripts to cover both Repatha, Praluent for now, Bloomberg says
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08:32 EDTCVSCVS Health enters into two new clinical affiliations
CVS Health has entered into new clinical affiliations with two health systems, St. Luke's University Health Network in Bethlehem, Pennsylvania and TriHealth in Cincinnati, Ohio. Through these clinical affiliations, CVS Health will provide prescription and visit information to the participating health care organizations.
August 26, 2015
08:32 EDTCVSCVS Health to partner with telehealth providers to improve patient care
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August 25, 2015
16:01 EDTCVSTarget sees $550M pretax gain after closing CVS transaction
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09:19 EDTGDOTGreen Dot upgraded to Outperform from Sector Perform at Portales
Portales upgraded Green Dot to Outperform due to valuation and said the recent buyback and Wal-Mart contract renewal announcements led the firm to raise 2016 estimates.
August 23, 2015
13:58 EDTAXPAmerican Express faces challenging year, Barron's says
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August 20, 2015
10:00 EDTAXPOn The Fly: Analyst Initiation Summary
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08:15 EDTAXPAmerican Express initiated with a Hold at Evercore ISI
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