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Stock Market & Financial Investment News

News Breaks
January 13, 2014
07:39 EDTTSS, GPN, V, DFS, MADurbin 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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April 21, 2015
18:18 EDTDFSDiscover says 'focused' on organic growth
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16:12 EDTDFSDiscover reports Q EPS $1.28, consensus $1.27
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15:28 EDTDFSNotable companies reporting after market close
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06:18 EDTDFS, V, MAUS merchants struggle to meet deadline for accepting chip cards, WSJ reports
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April 17, 2015
15:39 EDTVCostco deal with Visa, Citi has 'near zero' acceptance costs, Bloomberg says
Costco’s (COST) acceptance costs will be near zero under the terms of its new deal with Visa (V) and Citigroup (C), compared to the roughly 0.6% of each transaction it currently pays to incumbent card partner American Express (AXP), reported Bloomberg, citing people familiar with the deal. Reference Link
April 16, 2015
17:19 EDTDFSDiscover announces $2.2B share repurchase plan, raises dividend to 28c per share
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17:16 EDTDFSDiscover announces $2.2B share repurchase plan, raises dividend to 28c per share
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April 15, 2015
17:32 EDTMAMasterCard reaches agreement with Target to resolve claims
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10:00 EDTDFSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Tower (AMT) upgraded to Outperform from Neutral at Macquarie... Ameriprise (AMP) upgraded at Morgan Stanley... Builders FirstSource (BLDR) upgraded to Buy from Neutral at Sterne Agee... China Telecom (CHA) upgraded to Outperform from Market Perform at Bernstein... China Unicom (CHU) upgraded to Outperform from Underperform at Bernstein... Discover (DFS) upgraded to Overweight from Neutral at JPMorgan... EV Energy (EVEP) upgraded on asset sale at RBC Capital... GoPro (GPRO) upgraded to Overweight from Neutral at Piper Jaffray... Intel (INTC) upgraded on valuation at RBC Capital... Nike (NKE) upgraded to Overweight from Neutral at Piper Jaffray... Nokia (NOK) upgraded to Market Perform from Underperform at Bernstein... Rice Energy (RICE) upgraded to Buy from Neutral at Goldman... Staples (SPLS) upgraded to Buy from Hold at BB&T... Team (TISI) upgraded to Buy from Hold at BB&T... Ulta Salon (ULTA) upgraded to Overweight from Neutral at Piper Jaffray.
08:14 EDTDFSDiscover reports March net charge-offs 1.71% vs. 1.86% last month
Reports March delinquency rate 1.43% vs. 1.50% last month.
08:07 EDTMAMeta Financial added as partner of Univision MasterCard prepaid card
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06:49 EDTDFSDiscover upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Discover to Overweight saying the stock is undervalued after the 10.8% year-to-date pullback. The firm keeps a $65 price target for shares.
05:10 EDTVHP selects Antonio Lucio as Chief Marketing Officer of HP Inc.
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April 14, 2015
18:41 EDTV, MATarget close to $20M settlement with MasterCard over data breach, WSJ says
According to people familiar with the negotiations, Target (TGT) is approaching a settlement with MasterCard (MA) to reimburse financial institutions roughly $20M for costs they incurred from the retailer’s massive data breach in 2013, The Wall Street Journal reports. Target is negotiating a separate settlement with Visa (V), according to sources, WSJ added. Reference Link
18:17 EDTMATarget close to $20M settlement with MasterCard over data breach, DJ says
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16:36 EDTVVisa announces resignation of Chief Brand Officer Antonio Lucio
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12:09 EDTV, MAAmEx to team up with Jawbone for payments via fitness bands, WSJ reports
American Express is planning to team up with Jawbone to allow AmEx cardholders to make purchases via their fitness bands at certain merchants, The Wall Street Journal reports, citing sources familiar with the matter. A source says that the payment mechanism is not expected to be part of Jawbone's UP3, which will begin shipping this month, but will be available on a future offering. It is unclear whether Jawbone will expand the program to accept payments processed by MasterCard (MA) and Visa (V). Reference Link
10:01 EDTDFSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AB InBev (BUD) initiated with a Neutral at Susquehanna... AMC Networks (AMCX) initiated with an Overweight at Piper Jaffray... Avery Dennison (AVY) initiated with a Hold at BB&T... Boston Beer (SAM) initiated with a Neutral at Susquehanna... Brocade (BRCD) initiated with a Neutral at Wedbush... Bunge (BG) initiated with an Overweight at Stephens... CIRCOR (CIR) initiated with a Speculative Buy at Global Hunter... Cabot Microelectronics (CCMP) initiated with a Buy at BB&T... Canadian Natural (CNQ) initiated with a Buy at GMP Securities... Cenovus Energy (CVE) initiated with a Hold at GMP Securities... China Distance Education (DL) initiated with a Buy at Brean Capital... Coca-Cola Enterprises (CCE) initiated with a Negative at Susquehanna... Coca-Cola (KO) initiated with a Negative at Susquehanna... Constellation Brands (STZ) initiated with a Neutral at Susquehanna... Discover (DFS) initiated with an Outperform at Wells Fargo... Dr Pepper Snapple (DPS) initiated with a Neutral at Susquehanna... Flex Pharma (FLKS) initiated with a Buy at H.C. Wainwright... Flowserve (FLS) initiated with a Neutral at Global Hunter... Goldman Sachs BDC (GSBD) initiated with a Neutral at BofA/Merrill... ITT Corp. (ITT) initiated with an Accumulate at Global Hunter... Intra-Cellular (ITCI) initiated with an Outperform at RBC Capital... Keurig Green Mountain (GMCR) initiated with a Positive at Susquehanna... Microsemi (MSCC) initiated with a Buy at Topeka... Molson Coors (TAP) initiated with a Positive at Susquehanna... Monster Beverage (MNST) initiated with a Neutral at Susquehanna... New Oriental Education (EDU) initiated with a Hold at Brean Capital... OM Group (OMG) initiated with a Buy at BB&T... Pattern Energy (PEGI) initiated with a Buy at Citigroup... Pentair (PNR) initiated with a Neutral at Global Hunter... PepsiCo (PEP) initiated with a Positive at Susquehanna... Ply Gem (PGEM) initiated with an Overweight at KeyBanc... SodaStream (SODA) initiated with a Positive at Susquehanna... Splunk (SPLK) initiated with an Outperform at Baird... SteadyMed (STDY) initiated with an Outperform at JMP Securities... Suncor (SU) initiated with a Hold at GMP Securities... SuperCom (SPCB) initiated with a Buy at B. Riley... TAL Education (XRS) initiated with a Buy at Brean Capital... Tarena (TEDU) initiated with a Buy at Brean Capital... Ulta Salon (ULTA) initiated with a Buy at Evercore ISI... Versartis (VSAR) initiated with a Buy, $50 target at SunTrust... WisdomTree (WETF) initiated with a Market Perform at Keefe Bruyette... uniQure (QURE) initiated with a Buy at Roth Capital.
09:02 EDTTSS, MAProPay adds MasterCard MasterPass checkout service
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April 13, 2015
16:14 EDTDFSDiscover initiated with an Outperform at Wells Fargo
Wells started shares of Discover Financial Services with an Outperform rating and $67-$70 price target range. It says that within its U.S. large-cap banking coverage universe, Discover is the most leveraged to rebounding credit card loan growth.
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