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Stock Market & Financial Investment News

News Breaks
October 10, 2012
07:10 EDTGDOT, AXP, CVSGreen Dot partner CVS may soon offer AmEx prepaid cards, says Jefferies
Jefferies said its channel checks indicate CVS Caremark (CVS), one of Green Dot's (GDOT) largest distribution partners, may offer as soon as next week American Express' (AXP) new prepaid cards. The firm believes the potential loss of share at CVS could represent incremental headline risk for Green Dot and lowered its price target for Green Dot shares to $13 from $17. Jefferies also dropped its 2012 and 2013 earnings estimates for Green Dot citing American Express' recent penetration of Green Dot's key distribution partners Wal-Mart (WMT) and CVS.
News For GDOT;CVS;AXP From The Last 14 Days
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September 26, 2014
13:53 EDTCVSCVS' Caremark to pay $6M to settle false claims allegations
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September 25, 2014
10:06 EDTCVSCVS Health management to meet with Leerink
Meeting to be held in Los Angeles on October 1 hosted by Leerink.
08:00 EDTAXPBuy American Express and Bank of America into earnings, says Morgan Stanley
Morgan Stanley says to buy American Express (AXP) and Bank of America (BAC) going into Q3 earnings. The firm expects American Express to report accelerated credit card spending growth and views valuation as compelling and views Bank of America is a play on rising rates and improving expenses.
07:21 EDTGDOTGreen Dot strength due to GoBank overdone, estimates cut at SunTrust
SunTrust said the pop in Green Dot (GDOT) shares yesterday related to GoBank's partnership with Wal-Mart (WMT) is overdone. The analyst cut 2014-2016 estimates, but raised its price target to $21 from $18, to reflect ongoing share losses at Wal-Mart, its largest customer, but notes downside could be limited if it exceeds its new conservative outlook. Shares are Neutral rated.
September 24, 2014
12:29 EDTGDOTOn The Fly: Midday Wrap
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09:49 EDTGDOTGreen Dot's 2014 guidance incorporates Wal-Mart, says Piper Jaffray
Green Dot (GDOT) announced this morning that it will offer its GoBank product at Wal-Mart (WMT) stores nationwide by the end of October. Piper said GoBank has been piloted in a few stores in Texas and the launch has already been incorporated into Green Dot's 2014 guidance and accounts for relatively little in revenues. The firm views the news as a positive in total and said it shows continued traction within GoBank and its relationship with Wal-Mart. Shares of GoBank are Overweight rated with a $24 price target.
09:05 EDTGDOTOn The Fly: Pre-market Movers
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08:33 EDTCVSCVS Health enters into clinical affilitation with three academic medical centers
CVS Health has entered into new clinical affiliations with three leading academic medical centers. The collaborating medical centers include the University of Maryland Medical System, University of Texas Medical Branch at Galveston, and the University of Alabama at Birmingham Health System. Through these clinical affiliations the patients served by these medical centers will continue to have access to clinical support, medication counseling, chronic disease monitoring and wellness programs at CVS/pharmacy stores and MinuteClinic, the retail medical clinic division of CVS Health.
05:14 EDTGDOTGreen Dot, Wal-Mart announce nationwide rollout of GoBank
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September 23, 2014
10:33 EDTCVSCVS Health management to meet with Wolfe Research
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September 19, 2014
07:22 EDTCVSNational Press Club holds a luncheon meeting
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September 18, 2014
14:31 EDTAXPCapital One said to bump Amex as Costco Canada card issuer, Bloomberg says
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14:14 EDTAXPCapital One said to replace American Express as Costco Canada card issuer
MasterCard said to be processor for new Costco Canada cards. Reported by Bloomberg.
11:55 EDTCVSRite Aid falls as drugstore chain trims FY15 view
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11:53 EDTAXPCostco to stop accepting Amex cards in Canada on Jan 1, 2015 Globe and Mail says
Costco (COST) said it will not renew its credit card relationship with American Express (AXP) when it expires on December 31 of this year. Therefore, it will not accept Amex cards in Canada beginning January 1, 2015, The Globe and Mail reports. Reference Link
06:12 EDTGDOTGreen Dot to acquire Santa Barbara Tax Products Group for $320M
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06:08 EDTGDOTGreen Dot expects to launch 'major new program' to make positive 2014 impact
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06:06 EDTGDOTGreen Dot cuts FY14 adjusted EBITDA to $122M-$126M from $128M-$132M
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06:05 EDTGDOTGreen Dot cuts FY14 non-GAAP revenue to $610M-$620M from $640M-$650M
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06:04 EDTGDOTGreen Dot cuts FY14 non-GAAP EPS $1.25-$1.29 from $1.37-$1.41, consensus $1.42
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