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Stock Market & Financial Investment News

News Breaks
May 16, 2014
10:52 EDTV, SMME, MASmartMetric to have $13.4B case against Visa, Mastercard heard by August
SmartMetric (SMME) says "The Federal Circuit Court has received all briefs and motions from both SmartMetric and the Defendants, Visa (V) and MasterCard (MA). With the matter officially before the court and all filings now completed and accepted by the Court, we are now just waiting for a hearing scheduling date from the Court. SmartMetric is claiming $13.4B in damages and a pre-paid patent license fee from the card companies. It has been indicated that we can expect advisement from the Court on the scheduled hearing date by the end of May, which would most likely see our case against Visa and MasterCard being heard in either late July or early August. This is an indication only and the company is awaiting the calendar scheduling by the Court. Upon the Court advising the company of the scheduled hearing date the company will immediately advise the market and shareholders, many of whom are eagerly following the case of patent infringement SmartMetric has brought against both Visa and MasterCard. It has been a long journey spanning a number of years but we are pleased to see matters coming to a head in the Court and are excited concerning the prospective outcome."
News For SMME;V;MA From The Last 14 Days
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December 17, 2014
08:31 EDTMA, VVisa MasterCard shares undervalued, says Bernstein
Bernstein believes that the current valuations of Visa (V) and MasterCard (MA) suggests that their payments volumes growth will decelerate to 6%-7% by 2017. The firm disagrees with this view, as it expects the companies to generate double digit volume growth for five to ten more years, Bernstein keeps Outperform ratings on both stocks.
December 10, 2014
07:26 EDTSMMENational Investment Banking Association to hold a conference
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December 8, 2014
14:50 EDTMA, VVisa price target raised to $295 from $260 at Argus
Argus raised its FY15 and FY16 adjusted EPS estimates for Visa (V) and correspondingly increased its price target on the stock to $295 from $260. The firm, which keeps a Buy rating on Visa, expects rising transaction volume to lead to higher consensus earnings estimates and believes the stock should trade at a higher multiple than peer MasterCard (MA), given its faster EPS growth rate and more consistent earnings performance.
09:04 EDTMAMasterCard, Dynamics announce joint commercial initiative
In conjunction with the Series C funding announcement issued earlier, MasterCard and Dynamics Inc. also announced a joint commercial initiative to drive innovation in the interactive payment card market. The collaboration enables MasterCard to offer exclusive Dynamics products to its issuers globally, providing consumers with added choice, flexibility and security at the point of sale.
06:13 EDTVStocks with implied volatility below IV index mean; WFM V
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