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Stock Market & Financial Investment News

News For V;MA From The Last 14 Days
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April 24, 2014
16:13 EDTVVisa reports adjusted Q2 EPS $2.20, consensus $2.18
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15:26 EDTVNotable companies reporting after market close
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14:25 EDTVVisa April weekly volatility elevated into Q2 and outlook
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14:15 EDTVEarnings Preview: Visa to report results amid mixed signs for credit cards
Visa (V) is scheduled to report second quarter earnings after the market close on Thursday, April 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 $2.18 on revenue of $3.19B, according to First Call. The consensus range for EPS is $2.12-$2.26 on revenue of $3.15B-$3.22B. LAST QUARTER: Visa reported higher than expected first quarter profits and revenue. The company reiterated its guidance for fiscal EPS growth in the mid to high teen percentage levels. It reported that its payments volume, on a constant dollar basis, had grown 11% year-over-year to $1.2 T. METRICS: The credit card metrics reported by the nation's largest banks for Q1 have mostly been positive. Wells Fargo (WFC) reported that its average credit card balance had risen to over $26,000 last quarter, up from over $24,000 in the same period a year earlier. The proportion of Wells' retail banking customers that utilized the bank's credit cards rose to 38%, versus 34% in the first quarter of 2013. And JPMorgan's (JPM) credit card volume rose 10% last quarter, versus the first quarter of 2013. On the other hand, revenue from Citigroup's (C) credit cards were roughly flat year-over-year. Credit metrics at the major banks that reported their Q1 results have generally improved. American Express (AXP) last week reported higher than expected Q1 EPS but lower than expected revenue. Discover (DFS) reported higher than expected Q1 EPs and revenue that was in-line with analysts' expectations. STREET RESEARCH: Janney Capital upgraded Visa to Buy from Hold in a note to investors on April 15. The stock's previous decline created an attractive entry point, as the company has one of the better business models in the payments sector, the firm contended. Visa's EPS can grow 15%-20%, the firm stated. Meanwhile, research firm Oppenheimer wrote on April 17 that Visa's fundamental environment remains stable, while the company's results should stay solid. The firm recommended that investors use the recent weakness in the stock to become more aggressive on the shares. Oppenheimer kept an Outperform rating on Visa. PRICE ACTION: Visa is up 25% in the last year, but it has only gained 3% in the last six months.
April 22, 2014
07:24 EDTV, MASourceMedia to hold a forum
26th Annual Card Forum & Expo is being held in Orlando on April 22-25.
April 17, 2014
07:45 EDTV, MAVisa, MasterCard should report solid Q1 results, says Oppenheimer
Oppenheimer believes that the fundamental environment for Visa (V) and MasterCard (MA) is "relatively stable." The firm expects the companies to reaffirm their full-year guidance, and recommends using the stocks' recent weakness to become more aggressive. The firm keeps Outperform ratings on both stocks.
April 16, 2014
19:32 EDTMAMasterCard acquires Pinpoint
MasterCard announced that it has entered into an agreement to acquire Pinpoint, a provider of loyalty and rewards services to financial institutions across the Asia Pacific region. This acquisition is expected to close in Q2. Financial terms of the deal were not disclosed.
07:08 EDTVVisa volatility elevated into Q2 and revenue outlook
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April 15, 2014
10:00 EDTV, MAOn The Fly: Analyst Upgrade Summary
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06:53 EDTMA, VAmazon.com rejects bitcoin, doesn't rule out payment network, Re/code says
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05:53 EDTVVisa upgraded to Buy from Neutral at Janney Capital
Janney Capital upgraded Visa to Buy citing the recent pullback in shares and raised its price target for the stock to $240 from $210.
05:53 EDTMAMasterCard upgraded to Buy from Neutral at Janney Capital
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April 14, 2014
11:59 EDTMAStocks with call strike movement; C MA
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10:56 EDTV, MAMasterCard, Visa rise after analysts recommend their shares
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10:02 EDTV, MAOn The Fly: Analyst Initiation Summary
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10:02 EDTV, MAOn The Fly: Analyst Upgrade Summary
Acorda Therapeutics (ACOR) upgraded to Outperform from Market Perform at FBR Capital... Allegheny Technologies (ATI) upgraded to Neutral from Underperform at Sterne Agee... BP (BP) upgraded to Buy from Hold at Canaccord... Bloomin' Brands (BLMN) upgraded to Buy from Hold at Deutsche Bank... Boardwalk Pipeline (BWP) upgraded to Neutral from Underperform at BofA/Merrill... Boston Scientific (BSX) upgraded at BofA/Merrill... Charles Schwab (SCHW) upgraded to Buy from Neutral at UBS... Citigroup (C) upgraded to Hold from Sell at Rafferty Capital... Community Health (CYH) upgraded to Outperform from Perform at Oppenheimer... Eaton Vance (EV) upgraded to Neutral from Sell at Citigroup... Eli Lilly (LLY) upgraded to Hold from Underperform at Jefferies... F5 Networks (FFIV) upgraded to Buy from Hold at Stifel... HeartWare (HTWR) upgraded to Buy from Neutral at BTIG... Heartland Payment (HPY) upgraded to Hold from Sell at Stifel... Hyatt Hotels (H) upgraded to Outperform from Market Perform at FBR Capital... MasterCard (MA) upgraded to Outperform from Neutral at RW Baird... McDermott (MDR) upgraded to Neutral from Underweight at HSBC... Palo Alto (PANW) upgraded to Overweight at Stephens... PetroChina (PTR) upgraded to Neutral from Underperform at Credit Suisse... Seagate (STX) upgraded to Buy from Hold at Argus... Sensata (ST) upgraded to Buy from Neutral at Citigroup... Stryker (SYK) upgraded to Neutral from Reduce at SunTrust... TD Ameritrade (AMTD) upgraded to Buy from Neutral at UBS... TTM Technologies (TTMI) upgraded to Buy from Hold at Stifel... Transocean (RIG) upgraded to Hold from Sell at Deutsche Bank... VMware (VMW) upgraded to Outperform from Underperform at CLSA... Visa (V) upgraded to Outperform from Neutral at RW Baird... Yahoo (YHOO) upgraded to Buy from Neutral at SunTrust... Zimmer (ZMH) upgraded to Neutral from Reduce at SunTrust... bebe stores (BEBE) upgraded to Buy from Neutral at Janney Capital.
06:03 EDTMAMasterCard initiated with a Sector Perform at Pacific Crest
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06:03 EDTVVisa initiated with an Outperform at Pacific Crest
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05:38 EDTMAMasterCard upgraded to Outperform from Neutral at RW Baird
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05:37 EDTVVisa upgraded to Outperform from Neutral at RW Baird
RW Baird upgraded Visa to Outperform citing a more attractive risk/reward following the recent pullback in shares. The firm has a $245 price target for the stock.
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