New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
October 10, 2012
09:59 EDTGDOT, CVS, AXPGreen 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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
February 24, 2015
07:21 EDTAXPAmerican Express ruling may not have intended effect for consumers, NYT says
Subscribe for More Information
06:39 EDTAXPVisa Europe announces 'tokenisation service'
Subscribe for More Information
February 23, 2015
08:36 EDTAXPAmerican Express can ultimately win anti-steering case, says Janney Capital
Subscribe for More Information
February 20, 2015
16:48 EDTAXPDow, S&P 500 finish week at record highs after Greek deal reached
Subscribe for More Information
February 19, 2015
16:28 EDTAXPOn The Fly: Closing Wrap
Subscribe for More Information
16:01 EDTAXPOptions Update; February 19, 2015
iPath S&P 500 VIX Short-Term Futures down 70c to 30.11. Option volume leaders: AAPL TSLA TWTR AMAT PBR KO FB AXP NFLX according to Track Data.
14:51 EDTAXPAmerican Express weakness likely overdone, says Morgan Stanley
Subscribe for More Information
12:45 EDTAXPOn The Fly: Midday Wrap
Subscribe for More Information
12:09 EDTAXPAmerican Express confirms intent to appeal federal court ruling
Subscribe for More Information
12:03 EDTAXPAmerican Express antitrust ruling manageable, says Citigroup
Citigroup believes American Express' loss in its antitrust suit brought by the DOJ is not as bad as it appears and should be manageable, noting that the company is appealing and that the judge appears to have given the company some wiggle room to reach a compromise. The firm maintains its Buy rating on the stock.
11:00 EDTAXPAmerican Express plans to appeal antitrust ruling, CNBC reports
American Express stated to CNBC that the company is "disappointed" with a court decision in an antitrust matter and plans to file an appeal. "The court's ruling will not provide any benefit to consumers and will, in fact, harm competition by further entrenching the two dominant networks. We continue to believe that the Department of Justice's arguments are flawed and believe we should prevail on appeal," American Express stated. Reference Link
10:22 EDTAXPAmerican Express down 2% after district court ruling on antitrust laws
Subscribe for More Information
10:12 EDTAXPAmerican Express directed to submit proposed remedy to antitrust concerns
Subscribe for More Information
February 18, 2015
09:37 EDTAXPOption volume leaders on open
Option volume leaders: AAPL TSLA TWTR CELG APO NFLX AXP APA LNKD C GILD according to Track Data.
February 17, 2015
12:08 EDTAXPAmerican Express reports January write-off rate 1.4% vs. 1.3% last month
Subscribe for More Information
10:01 EDTCVSCVS says PCSK9 inhibitors could cost system $150B annually
Subscribe for More Information
10:00 EDTAXPOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:40 EDTAXPActive equity options trading on open
Subscribe for More Information
06:34 EDTAXPAmerican Express downgraded to Neutral from Buy at Guggenheim
04:40 EDTAXPStocks with implied volatility movement; AXP GDP
Subscribe for More Information
1 | 2 | all recent news | >>

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