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Stock Market & Financial Investment News

News Breaks
June 19, 2014
13:14 EDTMA, V, AXP, GEJustice Department announces settlement with GE Capital Retail Bank
The Department of Justice and the Consumer Financial Protection Bureau announced a settlement to resolve allegations that GE Capital Retail Bank, known as of this month as Synchrony Bank, engaged in a "nationwide pattern or practice of discrimination by excluding Hispanic borrowers from two of its credit card debt-repayment programs." The settlement resolves claims by the department and the CFPB that GE Capital violated the Equal Credit Opportunity Act by excluding borrowers who indicated that they preferred communications to be in Spanish or had a mailing address in Puerto Rico from two credit card debt-repayment programs. The settlement provides $169M in relief to approximately 108,000 borrowers in the form of monetary payments and the reduction, or complete waiver, of borrowers’ credit card balances. GE Capital has also agreed to eliminate negative credit reports for affected borrowers that occurred during periods of the alleged discrimination. Shares of credit card companies Visa (V), MasterCard (MA) and American Express (AXP) have moved off of their lows following the news from the Justice Department. The card companies sold off ahead of the DOJ's announcement that was dubbed a credit card enforcement action.
News For GE;V;MA;AXP From The Last 14 Days
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January 29, 2016
09:29 EDTMAMasterCard sees 2016 results at low end of three-year objectives due to forex
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09:25 EDTMAMasterCard CFO says most business drivers 'a bit higher or similar' so far in Q1
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08:03 EDTMAMasterCard reports Q4 worldwide purchase volume up 12% on local currency basis
MasterCard reports worldwide purchase volume during the quarter was up 12% on a local currency basis versus the fourth quarter of 2014, to $883B. As of December 31, 2015, the company's customers had issued 2.3B MasterCard and Maestro-branded cards. Total operating expenses increased 1%, or 4% when adjusted for currency, to $1.4B during the fourth quarter of 2015 compared to the same period in 2014.
08:01 EDTMAMasterCard reports Q4 gross dollar volume up 12%
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08:00 EDTMAMasterCard reports Q4 EPS 79c, consensus 69c
Reports Q4 revenue $2.52B, consensus $2.55B.
06:10 EDTGEGE intends to invest $760M in Italy R&D facilities, Bloomberg reports
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January 28, 2016
19:09 EDTVOn The Fly: After Hours Movers
UP AFTER EARNINGS: Gigamon (GIMO), up 15.2%... QLogic (QLGC), up 11%... Fortinet (FTNT), up 9.2%... ShoreTel (SHOR), up 5.7%... Skyworks (SWKS), up 3.6%... Flextronics (FLEX), up 4.6%... Microsoft (MSFT), up 3.6%... Proofpoint (PFPT), up 3.1%. ALSO HIGHER: Palo Alto Networks (PANW) is up 1.1% and FireEye (FEYE) is up 1.6% after Fortinet reported quarterly results. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 13.2%... Synaptics (SYNA), down 3.8%... Electronic Arts (EA), down 8%... Quality Systems (QSII), down 9%... Visa (V), down 1.2%. ALSO LOWER: Facebook (FB) is down 1.2%, Netflix (NFLX) is down 2.7%, and Alphabet (GOOG, GOOGL) is down 1.5% and 1.7%, respectively, after Amazon reported quarterly results.
16:14 EDTVVisa up 3.8% after reporting Q1 results
16:13 EDTVVisa sees FY16 adjusted EPS growth of low-end of the mid-teens range
While Visa is not changing its financial outlook for the fiscal full-year, continued moderating cross-border volume growth and subdued domestic activity across our geographies could ultimately affect its results. Sees annual net revenue growth of high single-digit to low double-digit range on a constant dollar basis, with an expectation of about three percentage points of negative foreign currency impact. Sees client incentives as a percent of gross revenues of 17.5%-18.5%. Sees FY16 annual free cash flow of about $7B. The financial outlook for fiscal full-year 2016 does not include any impact from the Visa Europe transaction, including interest expense from the $16.0B issuance of fixed-rate senior notes of about $125M per quarter.
16:09 EDTVVisa reports Q1 constant dollar basis payments volume growth up 11% to $1.3T
Cross-border volume growth, on a constant dollar basis, was 4% for the three months ended December 31, 2015. Total processed transactions, which represent transactions processed by VisaNet, for the three months ended December 31, 2015, were 19.0B, an 8% increase over the prior year.
16:07 EDTVVisa reports Q1 service revenue $1.65B
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16:06 EDTVVisa reports Q1 adjusted EPS 69c, consensus 68c
Reports Q1 revenue $3.6B, consensus $3.62B. Reports Q1 GAAP EPS 80c.
14:29 EDTMANotable companies reporting before tomorrow's open
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14:29 EDTVNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Microsoft (MSFT), consensus 71c... Amazon (AMZN), consensus $1.56... Amgen (AMGN), consensus $2.29... Electronic Arts (EA), consensus $1.81... Skyworks (SWKS), consensus $1.58... Western Digital (WDC), consensus $1.54... Visa (V), consensus 68c... Flextronics (FLEX), consensus 31c... NetSuite (N), consensus 4c... Fortinet (FTNT), consensus 18c... Synaptics (SYNA), consensus $1.58... Proofpoint (PFPT), consensus (11c).
14:27 EDTVVisa January weekly 70 straddle priced for 5.5% movement into Q1
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14:13 EDTMA, V, AXPEarnings Watch: Visa to report after co-brand wins, Visa Europe deal
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14:00 EDTVVisa technical notes before earnings
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12:50 EDTMAMasterCard technical preview ahead of earnings news
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06:44 EDTMAMasterCard volatility elevated into Q4 and outlook
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05:22 EDTAXPStocks with implied volatility below IV index mean; AXP MMM
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