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Stock Market & Financial Investment News

News Breaks
April 30, 2014
07:42 EDTMAMasterCard May weekly volatility elevated at 62 into Q1
MasterCard May weekly call option implied volatility is at 62, May is at 28, June is at 24, July is at 24, October is at 26; compared to its 26-week average of 26 according to Track Data, suggesting large near term price movement into the expected release of Q1 results before the open on May 1.
News For MA From The Last 14 Days
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August 4, 2015
11:45 EDTMAAmerican Express settlement with merchants rejected by judge, Reuters says
A U.S. Judge has rejected a proposed class action settlement between American Express (AXP) and merchants who had sued the company over swipe fees, ruling that a lawyer for the merchants had compromised the fairness of the deal, Reuters reports. The judge ruled that lawyer Gary Friedman had acted incorrectly by talking about the case and sharing confidential information with a friend and fellow lawyer who represented MasterCard (MA) in a similar class action suit against the two companies, the report says. Reference Link
July 30, 2015
08:59 EDTMAMasterCard price target raised to $122 from $106 at BMO Capital
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05:55 EDTMAMasterCard, Samsung extends partnership to deliver Samsung Pay in Europe
MasterCard (MA) and Samsung (SSNLF) announced they are extending their global partnership leveraging the MasterCard Digital Enablement Service to deliver Samsung Pay in Europe. Samsung Pay is a mobile payment service that will enable consumers to use their Samsung flagship mobile devices to make every day in-store purchases at contactless and magnetic stripe terminals leveraging NFC and MST technologies.
July 29, 2015
11:54 EDTMAMerchants file challenge to Visa, MasterCard antitrust settlement, WSJ reports
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11:05 EDTMAMerchants file challenge to Visa, MasterCard antitrust settlement, WSJ reports
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10:03 EDTMATD Bank announces routing agreement with MasterCard
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09:41 EDTMAMasterCard CEO going 'to wait and watch' before conclusions on Visa Europe
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09:34 EDTMAMasterCard says most business drivers showing higher growth since end Q2
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09:30 EDTMAMasterCard backs FY15 'as reported' revenue growth view of low single digits
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09:10 EDTMAMasterCard CEO says loyatly, safety and security among M&A focuses
MasterCard CEO Ajay Banga said loyalty, data analytics, processing and safety and security remain the company's M&A focus areas.
09:08 EDTMAMasterCard CEO says economies in U.S., Europe continuing to improve
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08:04 EDTMAMasterCard reports Q2 worldwide purchase volume up 12% to $841B
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08:02 EDTMAMasterCard reports Q2 EPS ex-items 85c, consensus 85c
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July 28, 2015
15:21 EDTMANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include MasterCard (MA), consensus 85c... Altria (MO), consensus 71... General Dynamics (GD), consensus $2.06... Anthem (ANTM), consensus $2.75... Praxair (PX), consensus $1.46... Northrop Grumman (NOC), consensus $2.36... McKesson (MCK), consensus $2.91... Eaton (ETN), consensus $1.13... Humana (HUM), consensus $1.63... Hilton (HLT), consensus 23c... International Paper (IP), consensus 92c... Rockwell Automation (ROK), consensus $1.54... Jarden (JAH), consensus 59c... Quintiles (Q), consensus 70c... Tableau Software (DATA), consensus 4c... Garmin (GRMN), consensus 82c... Vantiv (VNTV), consensus 54c... ADT (ADT), consensus 49c.
14:55 EDTMAEarnings Watch: MasterCard reports after peers warn of currency headwinds
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07:02 EDTMAMasterCard July weekly volatility elevated into Q2 and outlook
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06:35 EDTMALawyer emails could end Visa, MasterCard settlement, WSJ reports
A series of emails between opposing lawyers is threatening to sink a $6B class-action antitrust settlement between Visa (V), MasterCard (MA), and millions of merchants, the Wall Street Journal reports. Lawyers representing roughly 100 large merchants are expected to formally notify the card companies that they will seek to unravel the three-year-old agreement, the report says, citing people familiar with the plans. The two lawyers in question are also close friends and the merchants plan to argue that the communication between the two involved confidential information and resulted in the merchants getting inadequate representation, the report says. Reference Link
July 23, 2015
14:17 EDTMAEarnings Watch: Visa reports after 'top pick' mention by Bernstein
Visa (V) is expected to report third quarter results after the close on July 23, with a conference call scheduled for 5:00 pm ET. Visa is a global payments technology company. EXPECTATIONS: Analysts are looking for earnings per share of 59c on revenue of $3.36B. EPS consensus ranges 54c-65c on a revenue range of $3.32B-$3.41B, according to First Call. LAST QUARTER: On April 30, Visa reported second quarter EPS of 63c against expectations for 62c, and reported revenue of $3.41B versus estimates of $3.34B. During its quarterly conference call, the company noted that "we're now looking at Q3 fully diluted EPS being 6c-8c lower than analyst's current expectations," adding that results are likely to be pressured by higher client incentives. Visa executives also disclosed expectations for a "meaningful step-up" in Q3 expense growth, with a number of marketing and technology initiatives having shifted towards the latter half of the year. PEERS: American Express (AXP) reported quarterly earnings after the close on July 22, with earnings above consensus estimates but revenue somewhat below expectations, noting a "significant" impact from a stronger U.S. dollar on international operations. NEWS: On May 8, Bloomberg reported that Visa was in preliminary talks to acquire Visa Europe for $15B-$20B, according to sources. On June 3, Visa and FireEye (FEYE) announced a strategic partnership to co-develop tools and services to protect against cyber attacks targeting payment data. On June 5, the Wall Street Journal reported that, due to Visa and MasterCard (MA) having finalized their card-security technology, Google's (GOOG) Android Pay will not be earning any transaction fees from credit-card issuers, and on June 17, Reuters reported that a U.S. appeals court affirmed that American Express can no longer block businesses from steering customers towards competitor cards, such as those of Visa. STREET RESEARCH: On May 19, Pacific Crest's Josh Beck shifted his preference to MasterCard from Visa, though he noted that the shift was simply due to Visa's outperformance over the past year. On May 20, Bernstein noted that the risk/reward ratio for both Visa and MasterCard looks positive, with the companies offering secular growth, "compelling" business models, and modest risk. More recently on July 14, Bernstein named Visa among its "Vintage Values 2016" list, citing the company's U.S. acquirer price increase and expectations that the Visa Europe put option will be exercised this year. PRICE ACTION: Shares of Visa have fallen just under 1% to $71.41 ahead of Thursday's earnings report.
July 22, 2015
15:01 EDTMAEarnings Watch: American Express reports after several 'top pick' mentions
American Express (AXP) is expected to report second quarter earnings after the close on July 22, with a conference call scheduled for 5:00 pm ET. American Express is a global financial services company specializing in credit card and pre-paid card products and services. EXPECTATIONS: Analysts are looking for earnings per share of $1.32 on revenue of $8.46B. The consensus range is $1.23-$1.41 for EPS and $8.29B-$9.01B for revenue, according to First Call. LAST QUARTER: On April 16, American Express reported first quarter EPS of $1.48 against expectations for $1.37, and revenue of $7.95B versus estimates of $8.21B. The company reported ROE of 29% and guided towards flat to modestly down FY15 EPS as it ramps investments to offset the March 2016 expiration of its Costco (COST) partnership. NEWS: On May 12, American Express authorized the repurchase of up to 150M company shares while also raising its dividend 12% to 29c per share. During the Bernstein Strategic Decisions Conference on May 28, company executives remarked that a "range" of co-brand deals would be coming up for American Express, adding that the loss of the Costco contract was not the "be-all, end-all" for the company. On June 17, Reuters reported that a U.S. appeals court affirmed a prior ruling that American Express can no longer block businesses from steering customers towards competitor cards, such as those of Visa (V) or Mastercard (MA). STREET RESEARCH: On April 27, Nomura downgraded American Express to Neutral from Buy, citing minimal upside to 2015 and 2016 estimates amid a lack of near-term catalysts. Meanwhile, Bernstein upgraded the stock to Outperform from Market Perform on May 6. On May 18, Deutsche Bank reiterated a Buy rating and $90 price target on American Express shares, saying it sees a $750M-$850M annual revenue opportunity through the "Plenti" loyalty program coalition. On June 2, Bernstein said it expects credit card volumes to grow 10%-12% annually over the next five years, adding that American Express, Capital One (COF) and Synchrony Financial (SYF) are its favorites in the sector. Following meetings with American Express executives, Citi called American's risk/reward ratio "attractive" on June 4, and on July 8, Deutsche Bank said it was positive on credit card stocks going into second quarter earnings, with American Express named a top pick. PRICE ACTION: Shares of American Express are near flat to $78.96 ahead of Wednesday's earnings report.

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