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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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May 20, 2015
10:01 EDTDFSDiners Club and ABank announce new card-issuing agreement in Turkey
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10:00 EDTV, MA, TSS, GPNOn The Fly: Analyst Initiation Summary
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07:36 EDTV, MAMasterCard Visa risk/reward positive, says Bernstein
Bernstein believes that MasterCard (MA) and Visa (V) offer secular growth, defensiveness, and cash generation. The firm says the companies have "compelling business models" and modest risk. Moreover, the firm believes that the stocks offer opportunity, as it expects investors' concerns about disruption, regulation and growth to dissipate.
May 19, 2015
16:51 EDTV, VVisa initiated with an Outperform at CLSA
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16:50 EDTTSS, TSSTotal System initiated with an Outperform at CLSA
Target $46.
16:50 EDTMA, MAMasterCard initiated with an Outperform at CLSA
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16:48 EDTGPN, GPNGlobal Payments initiated with an Underperform at CLSA
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09:03 EDTMAMasterCard announces launch of MasterCard Send
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07:32 EDTMA, VPacific Crest shifts preference to MasterCard, upgrades to buy
Pacific Crest analyst Josh Beck shifted his preference to MasterCard (MA) from Visa (V) and upgraded the stock to Overweight from Sector Weight. Beck believes interchange legislation in Europe may have an unintended consequence of benefiting global open-loop payment networks, favoring both MasterCard and Visa. The changes are also positive for eBay's (EBAY) PayPal and mixed for American Express (AXP), Beck tells investors today in a research note. He points out his preference for MasterCard relative to Visa follows the latter company's outperformance over the past year. Beck has a $110 price target for MasterCard shares. The stock closed yesterday down 14c to $93.08.
07:13 EDTDFSBarclays to hold a conference
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05:59 EDTMAMasterCard upgraded to Overweight from Sector Weight at Pacific Crest
May 18, 2015
14:34 EDTMAMasterCard set to receive antitrust complaint from EU, Bloomberg says
Regulators from European Union are set to issue an antitrust complaint against Master Card on card-payment fees, says Bloomberg, citing people familiar with the matter. European regulators may send the credit card giant a statement of objections before the end of July, added Bloomberg. Reference Link
13:59 EDTTSSTotal System to host analyst day
Analyst Day to be held in New York on May 20 at 9 am. Webcast Link
07:27 EDTGPN, MAJPMorgan to hold a conference
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May 15, 2015
16:32 EDTV, MABerkshire Hathaway gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: IBM (IBM), Precision Castparts (PCP), Wells Fargo (WFC), Phillips 66 (PSX), and US Bancorp (USB). DECREASED STAKES: National Oilwell Varco (NOV), Viacom (VIAB), Bank of New York Mellon (BK), MasterCard (MA), and Visa (V). LIQUIDATED STAKES: None.
09:03 EDTMAU.S. Bank, REI renew mutli-year contract
U.S. Bank (USB) announces the long-term renewal of its co-brand partnership with REI and the launch of the new REI World MasterCard. Under the agreement, the new REI co-branded credit cards will offer members more opportunities to earn through everyday purchases. The card portfolio will be converted to MasterCard (MA) with EMV chip-card technology, better protecting members from card-present counterfeit fraud.
08:28 EDTDFSDiscover reports April net charge-offs 1.7% vs. 1.71% last month
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May 14, 2015
06:17 EDTGPNGlobal Payments price target raised to $118.50 from $110 at Citigroup
Citigroup raised its price target for Global Payments to $118.50 saying the company's operating leverage recovery story remains in the "early innings." Citi keeps a Buy rating on the stock after meeting with management.
May 12, 2015
07:48 EDTDFSStandard & Poor's to hold a summit
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07:45 EDTMAJefferies to hold a conference
2015 Global Technology, Media and Telecom Conference is being held in Miami on May 12-14.
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