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Stock Market & Financial Investment News

News Breaks
January 13, 2014
07:39 EDTGPN, TSS, DFS, MA, VDurbin Trial oral arguments could cause group volatility, says Susquehanna
Susquehanna noted that Durbin appeals case is scheduled to begin on January 17 and they believe the oral arguments could generate meaningful volatility for the credit services group. The firm expects the oral proceedings to reveal which side may hold the legal edge; either the Federal Reserve or merchants. The case will determine routing exclusivity and debit interchange fees.
News For V;MA;DFS;TSS;GPN 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 EDTV, MAVisa 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.
08:04 EDTGPNGlobal Payments, BPI agree to form strategic joint venture
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07:23 EDTGPNGlobal Payments price target raised to $90 from $80 at Oppenheimer
Oppenheimer increased its price target on Global Payments as the firm thinks the company could benefit from solid regional trends, various pricing/fee opportunities and aggressive OptBlue participation. Oppenheimer says that Global Payments' fundamentals appear to be strong, while its multiple should rise as its North American margins increase. Oppenheimer keeps an Outperform rating on the shares.
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 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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December 5, 2014
16:52 EDTMADow just below 18K as market finishes week with gains
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06:25 EDTVStocks with implied volatility below IV index mean; WFM V
Stocks with implied volatility below IV index mean; Whole Foods (WFM) 20, Visa (V) 16 according to iVolatility.

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