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Stock Market & Financial Investment News

News Breaks
February 20, 2013
10:02 EDTGDOT, TSS, NTSPGreen Dot climbs after competitor agrees to be acquired
Shares of prepaid debit card provider Green Dot (GDOT) are rising after the company's competitor, NetSpend Holdings (NTSP), announced last night that it had agreed to be acquired by Total System Services (TSS) for $16 per share. NetSpend's stock closed at $12.29 yesterday. However, in a note to investors earlier today, SunTrust analyst Andrew Jeffrey wrote that Green Dot is not likely to become a takeover target. Green Dot's valuation is similar to the level at which NetSpend was acquired, the analyst wrote. As a result, Green Dot's stock is unlikely to rise significantly, according to Jeffrey. Moreover, Green Dot is rapidly losing market share and is more exposed to retail customers than NetSpend, meaning that Green Dot is more vulnerable to falling prices and new competitors, the analyst believes. Finally, Green Dot owns a bank, and consequently only a bank holding company would be likely to acquire it, Jeffrey wrote. The analyst maintained a Reduce rating on Green Dot shares, which rose 44c, or 3%, to $15.07 in early trading.
News For GDOT;NTSP;TSS From The Last 14 Days
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January 29, 2015
16:27 EDTGDOTGreen Dot sees 2015 EPS $1.24-$1.47, consensus $1.34
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16:26 EDTGDOTGreen Dot reports Q4 EPS 16c, consensus 17c
Reports Q4 revenue $153M, consensus $154.29M.
January 28, 2015
07:59 EDTTSSTotal System price target raised to $42 from $35 at Susquehanna
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January 27, 2015
16:27 EDTTSSTotal System sees FY15 adjusted EPS $2.17-$2.21, consensus $2.21
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16:26 EDTTSSTotal System reports Q4 adjusted EPS 58c, consensus 53c
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15:35 EDTTSSNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Apple (AAPL), consensus $2.60; AT&T (T), consensus 55c; Amgen (AMGN), consensus $2.05; Yahoo (YHOO), consensus 29c; ACE (ACE), consensus $2.29; Stryker (SYK), consensus $1.45; Western Digital (WDC), consensus $2.10; Electronic Arts (EA), consensus 92c; Juniper (JNPR), consensus 31c; Total System Services (TSS), consensus 53c; Freescale Semiconductor (FSL), consensus 33c; Amdocs (DOX), consensus 81c; VMware (VMW), consensus $1.07; International Game Technology (IGT), consensus 25c; United States Steel (X), consensus 87c; Cytec (CYT), consensus 61c.
09:01 EDTTSSTSYS, Banco CSF extend payments agreement
TSYS announced that it has extended its existing card-processing agreement with Banco CSF S.A., the financial services arm of Carrefour in Brazil, through 2024. TSYS supports Carrefour’s 12 million hybrid and private-label cards in circulation in Brazil on its market-leading TS Prime® processing solution. The Carrefour portfolio has grown 64% since the Carrefour and TSYS card program began in 2012. TSYS will continue to support Banco CSF’s growing business through its in-country operating infrastructure utilizing its local teams based in Campinas for technical, delivery and business expertise, while leveraging its global footprint in technology, servicing and product capabilities.
January 20, 2015
13:01 EDTGDOTWal-Mart launches cash pickup option for tax refunds
As Americans begin to file their tax returns, Walmart (WMT) announced the launch of a first-of-its-kind service that allows consumers to “skip the check” and pick up their tax refunds in cash. Walmart Direct2Cash is available nationwide starting today and will help customers save time and money when compared to traditional tax refund options. Walmart is working with Tax Products Group, a Green Dot Company (GDOT), and Republic Bank & Trust Company, member FDIC, two providers of tax-related financial products and services, to provide Walmart Direct2Cash as an option to millions of customers. The more than 25,000 tax preparation locations using software with the Walmart Direct2Cash option may provide this service for no additional fee or charge a maximum of $7 at the time of filing. Walmart does not charge customers a fee when refunds are claimed in a store.

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