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Stock Market & Financial Investment News

News Breaks
April 14, 2014
10:56 EDTV, JPM, MA, WFCMasterCard, 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
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March 25, 2015
09:35 EDTVActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA KRFT FB BIDU GPRO V GILD NFLX
09:02 EDTJPMCitizens names Donald McCree as vice chairman, head of commercial banking
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07:28 EDTV, MAVisa MasterCard should be bought on any weakness caused by currency, says Stifel
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March 24, 2015
07:45 EDTJPM, WFCMetLife CEO letter may be early sign of bank earnings headwinds, WSJ says
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07:27 EDTWFC, MATelsey Advisory to hold a conference
2015 Consumer Conference is being held in New York on March 24-25.
March 23, 2015
07:20 EDTV, MABarclays to hold a forum
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07:19 EDTWFCCapital Link to hold a forum
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March 19, 2015
15:29 EDTJPMJPMorgan execs 'brace' for potential investment/commercial bank cuts, FBN says
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12:29 EDTJPMJudge dismisses lawsuit over $13B JPMorgan-Justice Dept settlement, Reuters says
A federal judge has dismissed a lawsuit that sought to block a $13B settlement reached between JPMorgan and the U.S. Justice Department over mortgage loans, reports Reuters. Judge Beryl Howell accepted a motion by the Justice Department to dismiss the lawsuit, which argued the non-profit group Better Markets lacked standing to sue. Howell said, "The plaintiff has failed to meet its burden to show it has suffered an injury in fact." Reference Link
11:53 EDTJPM, WFCU.S. banks face headwinds in unloading oil loans, WSJ says
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March 18, 2015
08:25 EDTJPMSamson near deal for covenant breach waiver, NY Post says
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07:44 EDTJPMJPMorgan to purchase $45B of mortage service rights from Ocwen, NY Post says
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March 17, 2015
16:41 EDTJPMJPMorgan formally authorizes $6.4B equity repurchase program
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14:37 EDTJPMCiti, Barclays near $800M settelement of forex suit, WSJ says
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13:10 EDTJPMJPMorgan could acquire Ocwen's Fannie MSR portfolio, IMF reports
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05:34 EDTJPMJPMorgan providing financial advice to UK government to fight dementia
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March 16, 2015
10:50 EDTMAMasterCard, Itau Unitbanco announce new 20-year agreement
Itaś (ITUB) and MasterCard (MA) announced today the signing of a new 20-year agreement that further strengthens the long-term relationship between the two companies. As part of the agreement, Itaś and MasterCard will establish and operate a new electronic payments network in Brazil. In addition, Itaś will issue payment solutions including credit, debit and pre-paid cards as part of the newly created payments network and focus on enhancing the efficiency of their payment value chain. MasterCard will be responsible for managing the operations of the new network and transaction routing.
08:28 EDTJPMJPMorgan reports February net credit losses 2.42% vs. 2.53% last month
Reports February delinquency rate 1.35% vs. 1.34% last month.
07:10 EDTMAWEX Inc. to receive MasterCard issuing license in Australia
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06:20 EDTJPMU.S.poised to charge JPMorgan hacking suspects, NY Times says
U.S. authorities probing last summer's cyberattack on JPMorgan are increasingly confident that they will be able to file criminal charges against perpetrators of the attack in coming months, according to The New York Times, which cited unnamed sources who have been briefed on the investigation. Several of the suspects are located in countries with whom the U.S. has extradition treaties, the newspaper explained. Reference Link
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