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Stock Market & Financial Investment News

News Breaks
August 25, 2014
07:50 EDTMA, VVisa headwinds likely to subside, says Pacific Crest
After meeting with Visa's (V) head of investor relations, Pacific Crest expects Visa's headwinds to subside and thinks that its fundamentals are strong. The firm prefers Visa over MasterCard as it believes that innovation should help fuel growth at Visa. The firm keeps a $241 price target and Outperform rating on Visa.
News For V;MA From The Last 14 Days
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October 30, 2014
07:29 EDTVeBay to integrate QIWI Wallet in Russia
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06:47 EDTV, MAVisa projects mobile payments will boost growth, Reuters says
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06:06 EDTVVisa upgraded to Outperform from Market Perform at FBR Capital
FBR Capital upgraded Visa to Outperform with a $260 price target citing continued business model strength follow the company's Q4 results.
October 29, 2014
18:59 EDTMA, VOn The Fly: After Hours Movers
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16:11 EDTVVisa up over 3% following Q4 results, guidance
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16:11 EDTVVisa sees FY15 annual diluted class A common stock EPS growth in mid-teens
FY15 EPS consensus $10.36.
16:10 EDTVVisa sees FY15 annual net revenue growth low double digits, consensus $13.96B
Guidance in constant dollars. Sees FY15: annual operating margin in mid-60's, tax rate in low 30's, annual free cash flow greater than $6B.
16:07 EDTVVisa says Q4 payments volume growth was 12% over the prior year
Payments volume growth, on a constant dollar basis, for the three months ended June 30, on which fiscal fourth quarter service revenue is recognized, was 12% over the prior year at $1.2T. Payments volume growth, on a constant dollar basis, for the three months ended September 30, was 11% over the prior year at $1.2T. Cross-border volume growth, on a constant dollar basis, was 10% for the three months ended September 30, 2014. Total processed transactions, which represent transactions processed by VisaNet, for the three months ended September 30, 2014, were 16.9B, a 9% increase over the prior year.
16:06 EDTVVisa authorizes new $5B share repurchase program
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16:05 EDTVVisa reports Q4 adjusted EPS $2.18, consensus $2.10
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15:53 EDTVNotable companies reporting after market close
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15:41 EDTMANotable companies reporting before tomorrow's open
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13:04 EDTMAEarnings Preview: MasterCard to report after mixed competitor results
MasterCard (MA) is scheduled to report third quarter earnings before the market opens on October 30, with a conference call scheduled for 9:00 AM ET. MasterCard is a credit card network. EXPECTATIONS: Analysts are looking for earnings per share of 78c on revenue of $2.45B, according to First Call. The consensus range for EPS is 76c-81c on revenue of $2.41B-$2.49B. LAST QUARTER: MasterCard reported higher than expected second quarter profit and revenue, and said that its processed transactions jumped 12% in Q2. However, on September 17 the company estimated that its fiscal 2014 revenue growth would be at the lower end of its 2013-2015 compound annual growth rate target of 11%-14%. COMPETITORS’ RESULTS: American Express (AXP) reported higher than expected profits but roughly in-line revenue on October 15, while Capital One’s (COF) profits came in below expectations and its revenue was slightly higher than expected. A number of large banks, including JPMorgan (JPM) and Citigroup (C), said that they had seen the credit trends of customers improve last quarter. STREET RESEARCH: Barron's recently sounded a positive note on MasterCard, saying that the stock "looks reasonable" and could gain 15% in 2015, as its earnings look set to increase 15% over the next year. Also upbeat was Piper Jaffray, which predicted on October 13 that MasterCard's Q3 results would "show solid momentum," as a result of stronger U.S. consumer spending and solid cross-border volume growth. The firm did, however, slightly lower its 2015 estimates for the company, citing foreign exchange and macro headwinds.The firm remained upbeat on the company's longer term outlook, as it believes that the proliferation of mobile payments and mobile devices is accelerating the shift to electronic transactions from cash and checks. Piper trimmed its price target on the name to $88 from $91 but kept an Overweight rating on the shares. PRICE ACTION: MasterCard is up 6% in the last six months, but it's up just 4% over the last year.
12:58 EDTVEarnings Preview: Analysts cautious on Visa into Q4 results
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October 28, 2014
15:21 EDTMAMasterCard October weekly volatility elevated into Q3 and outlook
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07:51 EDTVVisa weekly volatility increases into Q4 and outlook
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October 27, 2014
10:32 EDTMA, VVeriFone rises after Barron's says Apple Pay positive for company
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October 26, 2014
13:28 EDTV, MAApple Pay could make winners of VeriFone, others, Barron's says
Apple Pay (AAPL) could provide long-term investors with confidence in Visa (V) and MasterCard (MA) as well as make winners of VeriFone (PAY), NXP Semiconductors (NXPI), and Synaptics (SYNA), Barron's contends in a feature article. Reference Link
13:23 EDTMA, VMasterCard looks reasonable, Barron's says
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October 22, 2014
16:32 EDTVVisa increases dividend 20% to 48c from 40c
Visa announced that its board of directors had declared a quarterly dividend in the aggregate amount of 48c per share of class A common stock, determined in the case of class B and class C common stock on an as-converted basis, payable on December 2 to all holders of record of the company's class A, class B and class C common stock as of November 14. The quarterly dividend increase raises the annual dividend rate from $1.60 per share to $1.92 per share.
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