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 | 3 | all recent news | >>
November 13, 2014
08:33 EDTWFCWells Fargo sells federal student loans to Navient
Wells Fargo & Co. (WFC) Education Financial Services announced that Navient (NAVI) will purchase a principal balance of $8.5B of Federal Family Education Loan Program loans, which are included in Wells Fargo’s held-for-sale loan portfolio. Due to a change in federal law, Wells Fargo has not issued federal student loans since June 30, 2010. This sale supports Wells Fargo’s ongoing strategic focus on its private student lending business. “By selling these FFELP loans to Navient, Wells Fargo will be in a position to focus more on meeting the needs of our private student loan customers,” said John Rasmussen, head of Wells Fargo’s Education Financial Services. “We are deeply committed to the private student loan business because next to purchasing a home or saving for retirement, paying for an education is one of the most important financial events for our customers.” ). The sale is expected to close in a series of transactions, substantially all of which are expected to be completed in fourth quarter 2014, subject to customary closing conditions. Terms of the transaction were not disclosed and the sale is not material to Wells Fargo.
07:38 EDTV, JPMBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
07:24 EDTVSunTrust to hold a conference
Subscribe for More Information
06:05 EDTVStocks with implied volatility below IV index mean; PCLN V
Subscribe for More Information
November 12, 2014
16:23 EDTJPMOn The Fly: Closing Wrap
Subscribe for More Information
12:38 EDTJPMOn The Fly: Midday Wrap
Subscribe for More Information
10:19 EDTJPMJPMorgan pays $1.01B to settle FX charges, says litigations ongoing
Subscribe for More Information
10:14 EDTJPMOCC fines Bank of America, Citigroup, JPMorgan $950M over FX trading
Subscribe for More Information
10:00 EDTVOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Advent Software (ADVS) initiated with a Neutral at BofA/Merrill... Agios Pharmaceuticals (AGIO) initiated with a Buy at Canaccord... Ashford Hospitality (AHT) initiated with a Neutral at Credit Suisse... AvalonBay (AVB) initiated with a Neutral at Credit Suisse... Berkshire Hills Bancorp (BHLB) initiated with a Buy at Compass Point... Boston Properties (BXP) initiated with an Outperform at Credit Suisse... Brandywine Realty (BDN) initiated with a Neutral at Credit Suisse... Brookline Bancorp (BRKL) initiated with a Neutral at Compass Point... CNH Industrial (CNHI) initiated with an Underperform at Macquarie... Camden Property (CPT) initiated with a Neutral at Credit Suisse... Care.com (CRCM) initiated with a Buy at Craig-Hallum... Corporate Office Properties (OFC) initiated with an Underperform at Credit Suisse... DCT Industrial (DCT) initiated with an Underperform at Credit Suisse... DDR Corp. (DDR) initiated with a Neutral at Credit Suisse... Demandware (DWRE) initiated with a Buy at Mizuho... DiamondRock (DRH) initiated with a Neutral at Credit Suisse... Douglas Emmett (DEI) initiated with a Neutral at Credit Suisse... EastGroup Properties (EGP) initiated with an Underperform at Credit Suisse... Equity One (EQY) initiated with a Neutral at Credit Suisse... Equity Residential (EQR) initiated with a Neutral at Credit Suisse... Essex Property Trust (ESS) initiated with a Neutral at Credit Suisse... Forest City (FCE.A) initiated with an Outperform at Credit Suisse... General Growth (GGP) initiated with a Neutral at Credit Suisse... Host Hotels (HST) initiated with a Neutral at Credit Suisse... Hudson Pacific (HPP) initiated with an Outperform at Credit Suisse... Kilroy Realty (KRC) initiated with an Underperform at Credit Suisse... Kimco Realty (KIM) initiated with an Outperform at Credit Suisse... LaSalle Hotel (LHO) initiated with an Outperform at Credit Suisse... Macerich (MAC) initiated with a Neutral at Credit Suisse... MasterCard (MA) initiated with a Hold at Topeka... NetApp (NTAP) initiated with a Buy at Maxim... Pebblebrook Hotel (PEB) initiated with an Outperform at Credit Suisse... Prologis (PLD) initiated with an Outperform at Credit Suisse... RLJ Lodging Trust (RLJ) initiated with an Outperform at Credit Suisse... Regency Centers (REG) initiated with a Neutral at Credit Suisse... Ryerson (RYI) initiated with a Buy at Deutsche Bank... SL Green Realty (SLG) initiated with an Underperform at Credit Suisse... Simon Property (SPG) initiated with an Outperform at Credit Suisse... Strategic Hotels (BEE) initiated with a Neutral at Credit Suisse... Sunstone Hotel (SHO) initiated with an Outperform at Credit Suisse... Taubman Centers (TCO) initiated with an Outperform at Credit Suisse... UDR, Inc. (UDR) initiated with a Neutral at Credit Suisse... VWR (VWR) initiated with a Neutral at Citigroup... VeriFone (PAY) initiated with a Buy at Topeka... Visa (V) initiated with a Hold at Topeka... Vornado (VNO) initiated with a Neutral at Credit Suisse... Westfield Financial (WFD) initiated with a Buy at Compass Point... XPO Logistics (XPO) initiated with an Outperform at Cowen.
10:00 EDTJPMOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:36 EDTJPM, WFCInformation Management Network to hold a symposium
Private Label RMBS Reform Symposium is being held in New York on November 12.
08:57 EDTJPMBarclays excluded from forex settlement due to issues with NYDFS, Reuters says
Subscribe for More Information
08:13 EDTJPMBoston Biotech to hold a conference
Subscribe for More Information
08:06 EDTVPacific Crest to hold a conference
Subscribe for More Information
07:28 EDTJPM, WFC, VBofA/Merrill to hold a conference
Subscribe for More Information
07:02 EDTJPMJPMorgan makes changes in response to foreign exchange probe, Reuters says
Subscribe for More Information
06:12 EDTJPMCFTC fines five banks $1.4B for manipulation of FX benchmark rates
Subscribe for More Information
06:05 EDTJPMFCA fines five banks $1.7B over FX trading operations
Subscribe for More Information
06:04 EDTJPMJPMorgan downgraded to Market Perform from Outperform at Bernstein
Subscribe for More Information
05:58 EDTVStocks with implied volatility below IV index mean; PCLN V
Stocks with implied volatility below IV index mean; Priceline (PCLN) 20, Visa (V) 18 according to iVolatility.
1 | 2 | 3 | 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