New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 14, 2014
10:56 EDTJPM, MA, WFC, VMasterCard, Visa rise after analysts recommend their shares
Shares of MasterCard (MA) are climbing after research firm Robert W. Baird upgraded the stock to Outperform from Neutral in a note to investors earlier today. Shares of peer Visa (V) are also rising after Pacific Crest initiated coverage on the stock. WHAT'S NEW: MasterCard has a strong business model and fears about the stock may be a bit overdone, Baird analyst David Koning wrote. Credit card data from JPMorgan (JPM) and Wells Fargo (WFC) indicated that volumes were largely steady versus Q4, so fears about weak Q1 volumes are probably exaggerated, the analyst contended. Meanwhile, MasterCard is unlikely to be badly hurt by ongoing litigation with some merchants, or by weakness in Russia, Koning added. Similarly, MasterCard could lose some market share to MCX, a new mobile payment platform being introduced by retailers, but the impact should not be very significant, according to the analyst, who recommended buying the stock following its recent weakness. Koning raised his rating on the shares to Outperform from Market Perform and has an $83 price target on the stock. WHAT'S NOTABLE: Research firm Pacific Crest earlier today initiated coverage of Visa (V) with an Outperform rating. Visa is well-positioned to benefit from the proliferation of mobile payments and the extension of digital payments to under served markets, the firm contended. It set a $241 price target on the shares. PRICE ACTION: In mid-morning trading, MasterCard rose $1.83, or 2.66%, to $70.51, while Visa gained 1.8% to $200.16.
News For MA;V;WFC;JPM 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 | >>
May 19, 2015
16:51 EDTV, VVisa initiated with an Outperform at CLSA
Subscribe for More Information
16:50 EDTMA, MAMasterCard initiated with an Outperform at CLSA
Subscribe for More Information
15:42 EDTJPMBanks' settlement over forex rigging to be announced tomorrow, CNBC says
Several banks are said to plan to plead guilty and pay "billions" in fines in a settlement over their roles in foreign exchange manipulation that is expected to be announced Wednesday, according to CNBC's Kate Kelly. Prior media reports have listed Barclays (BCS), Royal Bank of Scotland (RBS), UBS (UBS), JPMorgan (JPM) and Citigroup (C) as having been in talks with U.K. and U.S. authorities for their roles in foreign currency rigging.
09:37 EDTJPMActive equity options trading on open
Subscribe for More Information
09:03 EDTMAMasterCard announces launch of MasterCard Send
Subscribe for More Information
07:32 EDTMA, VPacific Crest shifts preference to MasterCard, upgrades to buy
Pacific Crest analyst Josh Beck shifted his preference to MasterCard (MA) from Visa (V) and upgraded the stock to Overweight from Sector Weight. Beck believes interchange legislation in Europe may have an unintended consequence of benefiting global open-loop payment networks, favoring both MasterCard and Visa. The changes are also positive for eBay's (EBAY) PayPal and mixed for American Express (AXP), Beck tells investors today in a research note. He points out his preference for MasterCard relative to Visa follows the latter company's outperformance over the past year. Beck has a $110 price target for MasterCard shares. The stock closed yesterday down 14c to $93.08.
05:59 EDTMAMasterCard upgraded to Overweight from Sector Weight at Pacific Crest
May 18, 2015
14:34 EDTMAMasterCard set to receive antitrust complaint from EU, Bloomberg says
Regulators from European Union are set to issue an antitrust complaint against Master Card on card-payment fees, says Bloomberg, citing people familiar with the matter. European regulators may send the credit card giant a statement of objections before the end of July, added Bloomberg. Reference Link
09:46 EDTWFC, JPMMPLX enters common unit sales agreement for up to $500M
Subscribe for More Information
07:27 EDTMAJPMorgan to hold a conference
Subscribe for More Information
07:12 EDTJPMBarclays expected to face over GBP250M in fines for rigging, Telegraph says
Subscribe for More Information
May 15, 2015
16:32 EDTWFC, V, MABerkshire Hathaway gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: IBM (IBM), Precision Castparts (PCP), Wells Fargo (WFC), Phillips 66 (PSX), and US Bancorp (USB). DECREASED STAKES: National Oilwell Varco (NOV), Viacom (VIAB), Bank of New York Mellon (BK), MasterCard (MA), and Visa (V). LIQUIDATED STAKES: None.
10:47 EDTJPMNCR Corp. working with JPMorgan on sale, dealReporter says
Subscribe for More Information
09:03 EDTMAU.S. Bank, REI renew mutli-year contract
U.S. Bank (USB) announces the long-term renewal of its co-brand partnership with REI and the launch of the new REI World MasterCard. Under the agreement, the new REI co-branded credit cards will offer members more opportunities to earn through everyday purchases. The card portfolio will be converted to MasterCard (MA) with EMV chip-card technology, better protecting members from card-present counterfeit fraud.
07:50 EDTJPMDOJ tearing up prior UBS rigging settlement after new violations, WSJ reports
Subscribe for More Information
06:18 EDTJPMJPMorgan reports April Net Credit Losses 2.34% vs. 2.61% last month
Subscribe for More Information
May 14, 2015
09:31 EDTJPMJPMorgan to buy $45B in mortgage servicing rights from Ocwen
Subscribe for More Information
09:31 EDTJPMJPMorgan to buy $45B in mortgage servicing rights from Ocwen
Subscribe for More Information
06:51 EDTWFCWells Fargo looking to streamline operations, Charlotte Observer says
Subscribe for More Information
06:49 EDTJPMBanks to pay several billion over alleged currency violations, NY Times says
Barclays (BCS), JPMorgan Chase (JPM), Citigroup (C) and the Royal Bank of Scotland (RBS) are expected to agree to pay a combined "several billion dollars" as part of a settlement with the U.S. over alleged foreign exchange rigging, according to The New York Times, which cited unnamed sources. The banks are also expected to plead guilty to criminal antitrust violations, but it is not anticipated that their operations will be significantly affected as a result of those pleas, the newspaper stated. Meanwhile, UBS (UBS) will pay a fine of up to $500M related to alleged "foreign currency misconduct," the newspaper stated. Reference Link
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