New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For V;MA;AXP;ACN;XRX;PAY;DFS;VNTV;IFX;WMT;BAC;WFC;TI From The Last 14 Days
Check below for free stories on V;MA;AXP;ACN;XRX;PAY;DFS;VNTV;IFX;WMT;BAC;WFC;TI the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | all recent news | >>
July 31, 2014
17:06 EDTWMTOn The Fly: Closing Wrap
Subscribe for More Information
12:58 EDTWMTAnalysts applaud Target CEO selection
Subscribe for More Information
09:32 EDTMAMasterCard sees euro, real to be slight 2014 tailwind if stay at current levels
09:30 EDTMAMasterCard says view on 2014 'essentially unchanged' since last quarter
Subscribe for More Information
09:26 EDTMAOn The Fly: Pre-market Movers
Subscribe for More Information
09:26 EDTMAMasterCard reports process volume growth 11% in July to date
Subscribe for More Information
09:11 EDTMAMasterCard CEO says 'pursuing multiple options' to comply with Russian law
Subscribe for More Information
09:07 EDTMAMasterCard says signs on July retail sales ex-autos point to further improvement
Subscribe for More Information
08:51 EDTMA, AXP, VAmerican Express CEO takes stand in antitrust suit, defends practices, WSJ says
Subscribe for More Information
08:05 EDTMAMasterCard reports Q2 processed transactions up 12% to 10.6B
Subscribe for More Information
08:03 EDTMAMasterCard reports Q2 EPS 80c, consensus 77c
Reports Q2 revenue $2.38B, consensus $2.31B. Reports Q2 gross dollar volume up 13%, on a local currency basis, to $1.1T. Reports Q2 purchase volume up 13% on a local currency basis versus the second quarter of 2013 to $821B.
07:25 EDTVNTVVantiv raises FY14 adjusted EPS view to $1.85-$1.90 from $1.77-$1.83
Subscribe for More Information
07:23 EDTVNTVVantiv sees Q3 ajusted EPS 47c-49c, consensus 49c
Subscribe for More Information
07:21 EDTVNTVVantiv reports Q2 adjusted EPS 47c, consensus 47c
Subscribe for More Information
07:02 EDTWMTTarget names Brian Cornell as chairman and CEO, effective August 12
Subscribe for More Information
July 30, 2014
15:40 EDTMANotable companies reporting before tomorrow's open
Subscribe for More Information
15:17 EDTBACBank of America raises offer to DOJ, nears mortgage settlement, Bloomberg says
Subscribe for More Information
13:53 EDTBACBank of America, U.S. near mortgage deal after bank raises offer, Bloomberg says
13:44 EDTBACBank of America division ordered to pay $1.3B over mortgages, Bloomberg reports
Bank of America's (BAC) Countrywide division has been ordered to pay $1.3B in penalties for defective mortgage loans it sold to Fannie Mae (FNMA) and Freddie Mac (FMCC) during the 2008 financial crisis, Bloomberg reported. The fine is just over half the amount the government had requested, Bloomberg added. Reference Link
13:26 EDTBACBofA Countrywide unit ordered by judge to pay $1.3B, Bloomberg reports
Subscribe for More Information
09:38 EDTMAActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN TWTR NFLX GILD C MA FB RFMD AMGN GNW TSLA
08:53 EDTWMTSodaStream sees sales trends for sodamakers remaining challenging in U.S. in 2H
Subscribe for More Information
08:51 EDTWMTSprint to launch Virgin Mobile Custom at Wal-Mart on August 9
Sprint (S) subsidiary Virgin Mobile USA introduced Virgin Mobile Custom, a no-annual-contract offer with unique parental controls and the ability for customers to build personally tailored rate plans. Virgin Mobile Custom will be available exclusively to Walmart (WMT) customers at select stores beginning Saturday, Aug. 9. Under the offer, customers will purchase a designated Custom phone and activate that device on the Base plan, which comes with 20 texts and 20 voice minutes, or the Unlimited plan for $35 with unlimited talk and text, with the ability to activate up to five lines for as low as $6.98 per line per month.
06:16 EDTAXPOptions expected to be active: TWTR BWLD AXP DWA PNRA AMGN X FB
Subscribe for More Information
July 29, 2014
16:07 EDTAXPAmerican Express reports Q2 global commercial services net income $561M
Subscribe for More Information
16:06 EDTAXPAmerican Express reports Q2 card member spending up 9% YoY
Subscribe for More Information
16:04 EDTAXPAmerican Express reports Q2 U.S. card services net income $770M, up 4% YoY
Subscribe for More Information
16:03 EDTAXPAmerican Express reports Q2 EPS $1.43, consensus $1.38
Subscribe for More Information
15:53 EDTAXPNotable companies reporting after market close
Subscribe for More Information
14:48 EDTAXPEarnings Preview: Outlook mixed for American Express into Q2 results
Subscribe for More Information
12:32 EDTWMTWal-Mart acquires online product discovery community Luvocracy
The company disclosed the acquisition on a post to its WalmartLabs blog. Reference Link
10:00 EDTWMTOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:17 EDTWMTOn The Fly: Pre-market Movers
Subscribe for More Information
07:32 EDTMAAlliance and Data MasterCard sign new agreement
Subscribe for More Information
07:27 EDTWMTPlug Power up 12.3% after confirming follow-on GenKey order from Wal-Mart
Subscribe for More Information
07:25 EDTWMTPlug Power confirms follow-on GenKey order from Wal-Mart
Plug Power (PLUG) confirms the company has received a follow-on GenKey purchase order from Wal-Mart (WMT) to add an additional, seventh, GenKey site to the original six-site contract it announced in February. This additional site in Sterling, IL consists of 286 GenDrive fuel cell units and is planned to deploy in Q3. The add-on Sterling, Illinois GenKey site is currently in the planning stages and is expected to be deployed by the end of Q3.
06:11 EDTWMTWal-Mart downgraded to Neutral from Buy at Goldman
Goldman downgraded Wal-Mart to Neutral given the company's focus on growth and investment over returns, which is likely to impact share performance. Price target remains $83.
06:06 EDTBACBank of America, DOJ talks hit snag, WSJ reports
Subscribe for More Information
July 28, 2014
13:23 EDTWMTIcahn 'pleased' with Family Dollar deal, 'hopeful' alternate deal may surface
Carl Icahn released the following statement regarding Family Dollar Stores (FDO): "While we continue to believe there are a handful of potential buyers who could realize greater synergies through a combination with Family Dollar and are hopeful that one or more of them will surface as a result of today’s announcement, we are extremely pleased with Dollar Tree’s (DLTR) intention to acquire Family Dollar in a transaction that values the company at $74.50 per share. This is a big win for all shareholders of Family Dollar and yet another validation of the activist investment philosophy in general." Another company in the space, Dollar General (DG), has previously been speculated as an alternative partner for Family Dollar and Wal-Mart (WMT) is seen as a competitor to dollar store operators.
11:39 EDTWMTWells says potential for competing Family Dollar bid an unknown
Subscribe for More Information
10:02 EDTXRXOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
06:39 EDTXRXXerox upgraded to Neutral from Underweight at JPMorgan
Subscribe for More Information
July 27, 2014
08:58 EDTWMTWal-Mart doesn't look cheap, Barron's says
Subscribe for More Information
July 25, 2014
16:18 EDTVOn The Fly: Closing Wrap
Subscribe for More Information
12:51 EDTVOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday and on track to end a week marked by a torrent of earnings reports on a definite down note. Some high-profile disappointments weighed on the major averages, as Visa (V) and Amazon.com (AMZN) both fell significantly after their quarterly reports last night, dragging on the Dow and Nasdaq, respectively. The domestic economic calendar’s sole release of consequence, the durable goods orders report, came out before the open and was better than expected, but that did little to brighten the market's negative tone. ECONOMIC EVENTS: In the U.S., durable goods orders rebounded 0.7% in June after a 1.0% decline in the prior month, beating expectations for June increase of 0.5%. COMPANY NEWS: Shares of Amazon.com fell 10% after the e-commerce giant reported in-line second quarter revenue but a much higher than expected loss. A number of analysts responded to the news by downgrading the stock, while several others cut their price targets on the shares... Visa reported Q3 earnings per share and revenue that topped consensus forecasts, but its fiscal year EPS growth outlook was trimmed its fiscal year revenue growth view to be in the 9-10% range from its prior forecast for low double-digit constant revenue growth in the 10-11% range. Shares of the Dow Jones Industrial Average component slid 4% following the report and guidance. MAJOR MOVERS: Among the notable gainers following their earnings reports were Datalink (DTLK), which jumped 17%, Mellanox (MLNX), which rose 13%, and VeriSign (VRSN), which gained 11%. Among the noteworthy losers was WellCare (WCG), which plunged 20% after the managed care company pre-announced significantly weaker than expected results. Also lower following their earnings reports were Swift Transport (SWFT), which fell nearly 15%, and Pandora (P), which dropped about 13%. INDEXES: Near midday, the Dow was down 131.61, or 0.77%, to 16,952.19, the Nasdaq was down 24.45, or 0.55%, to 4,447.66, and the S&P 500 was down 9.04, or 0.45%, to 1,978.94.
11:00 EDTXRXXerox sees FY14 restructuring charges similar to last year
Subscribe for More Information
10:30 EDTXRXXerox expects to return $1B to shareholders this year
Subscribe for More Information
10:25 EDTMAMasterCard August weekly volatility elevated into Q2 and outlook
Subscribe for More Information
09:59 EDTXRXXerox continues to expect to end year with $7.8B of debt
Subscribe for More Information
09:25 EDTV, XRXOn The Fly: Pre-market Movers
Subscribe for More Information
07:04 EDTXRXXerox sees Q3 adjusted EPS 25c-27c, consensus 26c
07:04 EDTXRXXerox sees FY14 adjusted EPS $1.09-$1.13, consensus $1.10
Subscribe for More Information
07:03 EDTXRXXerox reports Q2 adjusted EPS 27c, consensus 26c
Subscribe for More Information
July 24, 2014
18:45 EDTVOn The Fly: After Hours Movers
Subscribe for More Information
16:13 EDTVVisa says Q3 payments volume growth was 12% over the prior year
Payments volume growth, on a constant dollar basis, for the three months ended March 31, on which fiscal third quarter service revenue is recognized, was 12% over the prior year at $1.1T. Payments volume growth, on a constant dollar basis, for the three months ended June 30, was 11% over the prior year at $1.2T. Cross-border volume growth, on a constant dollar basis, was 7% for the three months ended June 30. Total processed transactions, which represent transactions processed by VisaNet, for the three months ended June 30, were 16.7B an 11% increase over the prior year.
16:11 EDTVVisa sees FY14 EPS growth 17.5%-18.5%, consensus $8.99
Subscribe for More Information
16:09 EDTVVisa reports Q3 EPS $2.17, consensus $2.10
Reports Q3 revenue $3.2B, consensus $3.15B.
15:29 EDTXRXNotable companies reporting before tomorrow's open
Subscribe for More Information
15:29 EDTVNotable companies reporting after market close
Subscribe for More Information
14:31 EDTVVisa July weekly 220 straddle priced for 2.7% move into Q3
Subscribe for More Information
14:07 EDTVEarnings Preview: Visa to report results amid credit metric improvements
Visa (V) is expected to report third quarter earnings after the market close on Thursday, July 24 with a conference call scheduled for 5:00 pm ET. Visa is a credit card network. EXPECTATIONS: Analysts are looking for earnings per share of $2.10 on revenue of $3.15B. The consensus range is $1.99-$2.17 for EPS, and $3.05B-$3.22B for revenue, according to First Call. LAST QUARTER: Visa reported stronger than expected second quarter results, as its payments volume jumped 12% year-over-year during the quarter. The company predicted that its earnings per share would rise by mid to high teen percentage levels in fiscal 2014. "Softer net revenue growth was impacted by a strengthening U.S. dollar and difficult year-over-year comparisons due to non-recurring items," said Visa CEO Charlie Scharf. These negative factors will have a slightly greater impact in Visa's third quarter before easing in the fourth quarter, the CEO added. On May 19, Scharf said that rising interest rates are good for the credit card business. BANKS' CREDIT METRICS: A number of banks reported that their credit metrics had improved last quarter, potentially boding well for Visa's results. For example, JPMorgan (JPM) said that its total consumer provision for loan losses fell $345M last quarter, while consumer net chargeoffs dropped to $1.2B from $1.5B in the same period a year earlier. Meanwhile, Wells Fargo (WFC) reported that it saw "broad based growth" in its credit card business. STREET RESEARCH: In a note to investors on July 17, Oppenheimer analyst Glen Greene wrote that although Visa and MasterCard's stocks had "temporarily paused," he remained upbeat on their long-term and intermediate term growth potential. Over the longer term ,the companies also enjoy competitive barriers to entry and "highly attractive business models," Greene believes. He preferred Visa but kept Outperform rating on both names. PRICE ACTION: Visa's stock is flat on the year, but up more than 6% in the last three months.
11:32 EDTWMTWal-Mart U.S. CEO change not likely due to current trends, says RW Baird
RW Baird believes the departure of Bill Simon from his post as CEO of Wal-Mart U.S. has more to do with the executive's long-term career planning than with current trends, which the firm believes remain sluggish. Baird keeps its Outperform rating and $84 price target on Wal-Mart.
11:12 EDTBACBank of America to pay $16.6M to resolve U.S. sanctions violations, Reuters says
The Treasury Department said Bank of America has agreed to say $16.6M to resolve allegations it processed transactions for drug traffickers subject to U.S. sanctions, reports Reuters. The bank processed around $91,000 in transactions for six designated narcotics traffickers between 2005 and 2009, and failed to file timely reports on accounts owned by four others. Reference Link
08:38 EDTWMTWal-Mart volatility at historic low into Foran succeeding Simon as U.S. CEO
Subscribe for More Information
08:31 EDTWMTWal-Mart names Greg Foran as president and CEO of Walmart U.S.
Walmart announced that Greg Foran has been promoted to President and CEO of Walmart U.S. Foran succeeds Bill Simon who has been in the role since June 2010 and will be transitioning out of the company. Foran will assume his responsibilities on August 9 and will report directly to Walmart President and CEO, Doug McMillon. Simon will be available on a consulting basis for the next six months to ensure a seamless transition.
07:11 EDTXRXXerox August volatility elevated into Q2 and revenue growth outlook
Subscribe for More Information
06:56 EDTWMTCourt rules Wal-Mart to show bribery probe documents, Reuters says
The Delaware Supreme Court ruled that Wal-Mart Stores must show a shareholder documentation that has to do with the firm's internal investigation of allegations it paid bribes in Mexico, according to Reuters, citing comments from a company spokeswoman. Reference Link
July 23, 2014
11:34 EDTTITelecom Italia CEO says TIM, GVT deal not goal at moment, Reuters says
Subscribe for More Information
09:43 EDTDFSDiscover sees FY14 operating expense $3.3B, NIM relatively stable
Subscribe for More Information
July 22, 2014
16:08 EDTDFSDiscover reports Q2 EPS $1.35, consensus $1.30
Subscribe for More Information
15:30 EDTDFSNotable companies reporting after market close
Subscribe for More Information
14:47 EDTVVisa July weekly volatility elevated into Q3 and growth outlook
Visa July weekly call option implied volatility is at 39, August is at 20, September is at 17, December is at 16; compared to its 26-week average of 22 according to Track Data, suggesting larger near term price movement into the expected release of Q3 results on July 24.
07:17 EDTBACNational Association for Business Economics to hold a seminar
Subscribe for More Information
07:10 EDTACNAccenture awarded $48M contract for IT, financial management services
Subscribe for More Information
06:55 EDTWMTWal-Mart reduces prices more intensly for back-to-school, Bloomberg says
Subscribe for More Information
July 21, 2014
13:36 EDTV, MASmartMetric files patent infringement suit against Visa, MasterCard
Subscribe for More Information
11:31 EDTXRXXerox names Kennedy Chief Marketing Officer
Subscribe for More Information
10:02 EDTWFCOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:36 EDTWFCWells Fargo downgraded to Hold from Buy at Rafferty Capital
Subscribe for More Information
07:29 EDTBACAIG settlement with BofA takes crisis claw back total up to $2B, FT says
Subscribe for More Information
06:42 EDTWMTWal-Mart adds over $102M to Indian wholesale unit, Reuters says
Wal-Mart added fresh funds worth $102.9M into its Indian wholesale division last month, according to Reuters, citing a filing made by its Indian business to the Registrar of Companies. The filing detailed that the funds were allotted as share application money. Reference Link
July 18, 2014
18:12 EDTV, MAVisa, MasterCard denied bid to dismiss opt-out swipe fee suits, Bloomberg says
Merchants that opted out of the swipe-fee settlement brought their own suits, which Visa (V) and MasterCard (MA) were not approved to dismiss, Bloomberg reports. Merchants such as Target (TGT) and Macy’s (M) pursued their cases after dropping out of an earlier settlement over swipe fees, Bloomberg added. Reference Link
16:47 EDTBACMarket ends week higher as earnings, M&A offset geopolitical tensions
Subscribe for More Information
14:25 EDTV, MAVisa, MasterCard denied bid to dismiss opt-out swipe fee suits, Bloomberg says
Subscribe for More Information
07:10 EDTTITelefonica smaller Telecom Italia share could cut Brazil worries, Reuters says
Subscribe for More Information
06:45 EDTBACDocument reveals SEC examining firms in HFT probe, Reuters says
An internal document from the U.S. Securities and Exchange Commission revealed that the regulator has been looking for data on 10 registered broker dealers as part of an ongoing probe into high-frequency trading strategies, according to Reuters, citing the document. The firms in question include Allston Trading, Hudson River Trading, Jump Trading, Latour Trading, which is an affiliate of Tower Trading, Merrill Lynch, Pierce, Fenner & Smith, owned by Bank of America (BAC), Octeg, which has been merged into a unit of KCG (KCG), Tradebot Systems, Two Sigma Investments, Two Sigma Securities and Virtu Financial. Reference Link
July 17, 2014
07:37 EDTMA, VVisa MasterCard underperformance creates buying opportunity, says Oppenheimer
Subscribe for More Information
07:14 EDTWFCWells Fargo CEO John Stumpf says economy stronger than people think
Subscribe for More Information
06:38 EDTBACStudy says UBS largest private bank with assets near $2T, Reuters says
Subscribe for More Information
<< 1 | 2 | 3 | 4 | 5 | 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