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Stock Market & Financial Investment News

News Breaks
March 24, 2014
04:55 EDTMITK, MITK, WU, WU, V, V, ACIW, ACIW, FLT, FLT, ADS, ADS, MGI, MGI, TSS, TSS, XOOM, XOOM, PAY, PAY, MA, MABarclays to hold a conference
Emerging Payments Conference is being held in New York on March 24-25.
News For MA;PAY;XOOM;TSS;MGI;ADS;FLT;ACIW;V;WU;MITK From The Last 14 Days
Check below for free stories on MA;PAY;XOOM;TSS;MGI;ADS;FLT;ACIW;V;WU;MITK the last two weeks.
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July 24, 2014
15:29 EDTVNotable companies reporting after market close
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14:31 EDTVVisa July weekly 220 straddle priced for 2.7% move into Q3
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14:07 EDTVEarnings Preview: Visa to report results amid credit metric improvements
Visa (V) is expected to report third quarter earnings after the market close on Thursday, July 24 with a conference call scheduled for 5:00 pm ET. Visa is a credit card network. EXPECTATIONS: Analysts are looking for earnings per share of $2.10 on revenue of $3.15B. The consensus range is $1.99-$2.17 for EPS, and $3.05B-$3.22B for revenue, according to First Call. LAST QUARTER: Visa reported stronger than expected second quarter results, as its payments volume jumped 12% year-over-year during the quarter. The company predicted that its earnings per share would rise by mid to high teen percentage levels in fiscal 2014. "Softer net revenue growth was impacted by a strengthening U.S. dollar and difficult year-over-year comparisons due to non-recurring items," said Visa CEO Charlie Scharf. These negative factors will have a slightly greater impact in Visa's third quarter before easing in the fourth quarter, the CEO added. On May 19, Scharf said that rising interest rates are good for the credit card business. BANKS' CREDIT METRICS: A number of banks reported that their credit metrics had improved last quarter, potentially boding well for Visa's results. For example, JPMorgan (JPM) said that its total consumer provision for loan losses fell $345M last quarter, while consumer net chargeoffs dropped to $1.2B from $1.5B in the same period a year earlier. Meanwhile, Wells Fargo (WFC) reported that it saw "broad based growth" in its credit card business. STREET RESEARCH: In a note to investors on July 17, Oppenheimer analyst Glen Greene wrote that although Visa and MasterCard's stocks had "temporarily paused," he remained upbeat on their long-term and intermediate term growth potential. Over the longer term ,the companies also enjoy competitive barriers to entry and "highly attractive business models," Greene believes. He preferred Visa but kept Outperform rating on both names. PRICE ACTION: Visa's stock is flat on the year, but up more than 6% in the last three months.
July 23, 2014
09:17 EDTMGIMoneyGram, Canada Post sign multi-year extension
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08:51 EDTTSSTotal System EBITDA guidance extremely compelling, says JMP Securities
After Total System reported higher than expected Q2 EPS, JMP Securities thinks the company's guidance of 17%-20% EBITDA growth is extremely compelling, while its core North American card operations are accelerating and the results of its international business should improve significantly this year. The firm likes the stock at current levels and keeps an Outperform rating.
07:11 EDTTSSTotal System downgraded to Neutral from Outperform at Credit Suisse
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July 22, 2014
16:17 EDTXOOMXoom sees FY14 EPS 16c-24c, consensus 22c
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16:16 EDTXOOMXoom sees Q3 EPS (1c)-2c, consensus 4c
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16:14 EDTXOOMXoom reports Q2 EPS 9c, consensus 5c
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16:02 EDTTSSTotal System reports Q2 adjusted EPS 45c, consensus 45c
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14:47 EDTVVisa July weekly volatility elevated into Q3 and growth outlook
Visa July weekly call option implied volatility is at 39, August is at 20, September is at 17, December is at 16; compared to its 26-week average of 22 according to Track Data, suggesting larger near term price movement into the expected release of Q3 results on July 24.
08:42 EDTACIWACI Worldwide acquisition positive, says BMO Capital
After ACI Worldwide agreed to buy fraud prevention solution provider Retail Decisions, BMO says it expects demand for online transaction fraud solutions to continue to grow. The firm adds that Retail Decisions could increase ACI's exposure to a growing e-commerce industry while enhancing its retail client solutions. The firm keeps an Outperform rating on ACI Worldwide.
July 21, 2014
13:36 EDTMA, VSmartMetric files patent infringement suit against Visa, MasterCard
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05:28 EDTACIWACI Worldwide to acquire Retail Decisions for $205M cash
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July 18, 2014
18:12 EDTV, MAVisa, MasterCard denied bid to dismiss opt-out swipe fee suits, Bloomberg says
Merchants that opted out of the swipe-fee settlement brought their own suits, which Visa (V) and MasterCard (MA) were not approved to dismiss, Bloomberg reports. Merchants such as Target (TGT) and Macy’s (M) pursued their cases after dropping out of an earlier settlement over swipe fees, Bloomberg added. Reference Link
14:25 EDTMA, VVisa, MasterCard denied bid to dismiss opt-out swipe fee suits, Bloomberg says
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10:03 EDTADSOn The Fly: Analyst Downgrade Summary
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08:39 EDTADSAlliance Data downgraded at RW Baird
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08:04 EDTADSAlliance Data should be bought at current levels, says Pacific Crest
After Alliance Data reported stronger than expected results, Pacific Crest believes that the company's guidance is conservative, while its fundamentals remain strong. The firm is upbeat on the company's new BrandLoyalty and Harmony email products. It keeps a $305 price target and Outperform rating on the shares.
06:12 EDTADSAlliance Data downgraded to Neutral from Outperform at RW Baird
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