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Stock Market & Financial Investment News

News Breaks
March 21, 2014
08:02 EDTDFS, VVisa, PULSE agree on EMV common debt solution
Visa (V) and PULSE, a Discover Financial Services (DFS) company, announced an agreement to enable financial institutions that issue EMV debit cards on both the Visa and PULSE networks to use Visa’s common debit solution. Visa’s common application identifier supports U.S. debit regulations requiring the ability to route transactions over multiple, unaffiliated networks. A common debit solution shared among all participants will help to accelerate EMV chip adoption in the U.S. and provide a uniform platform that will enable network innovation. PULSE will use functionality on Visa’s common AID to facilitate all types of point-of-sale debit transactions on its network. In addition, the agreement enables PULSE to facilitate domestic ATM transactions on its network and provides for issuer choice in the routing of ATM transactions.
News For V;DFS From The Last 14 Days
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December 17, 2014
16:32 EDTDFSDiscover initiated with a Buy at Jefferies
Target $75.
13:21 EDTDFSDiscover assumed with an Overweight at Morgan Stanley (pre-open)
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08:31 EDTVVisa 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 15, 2014
08:15 EDTDFSDiscover reports November net charge-offs 1.87% vs. 1.53% last month
Reports November delinquency rate 1.52% vs. 1.53% last month.
December 10, 2014
08:24 EDTDFSDiscover sees efficiency ratio modestly above target next year
08:23 EDTDFSDiscover says performance against 2014 priorities good except in mortgages
Discover Financial CEO David Nelms says performance year-to-date against its 2014 priorities has been generally good, with the exception of its goal to expand in mortgages. Aside from mortgages, its efforts to expand direct consumer banking products has been good, the executive indicated.
08:13 EDTDFSDiscover sees over $35M in extra 2015 costs for EMV card issuance
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December 8, 2014
14:50 EDTVVisa 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.
06:13 EDTVStocks with implied volatility below IV index mean; WFM V
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