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Stock Market & Financial Investment News

News Breaks
March 13, 2014
13:24 EDTDLLR, WRLD, CSH, FCFS, RMWorld Acceptance slides after disclosing government probe
Shares of World Acceptance (WRLD), which provides small loans to consumers, are tumbling after the company revealed that the Consumer Financial Protection Bureau had launched a probe of its business practices. WHAT'S NEW: World Acceptance reported earlier today in a filing that it was being investigated by the CFPB. The agency is trying to determine whether finance companies committed illegal acts involving marketing, offering, or extending credit, World Acceptance stated. The CFPB has sought documents from World Acceptance, and has requested that it answer questions as part of the probe, the company added. PRICE ACTION: In mid-afternoon trading, World Acceptance tumbled 18% to $80. Other companies in the sector declined, with Cash America (CSH) sliding 8% to $29.20, Regional Management (RM) sinking 6.5% to $26.25, DFC Global (DLLR) losing 2.25% to $8.70, and First Cash (FCFS) sinking 2.6% to $52.17.
News For WRLD;RM;CSH;DLLR;FCFS From The Last 14 Days
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August 26, 2015
10:00 EDTFCFSOn The Fly: Analyst Downgrade Summary
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08:12 EDTFCFSFirst Cash Financial downgraded on lack of catalysts at JMP Securities
As noted earlier, JMP Securities downgraded First Cash to Market Perform from Outperform. The firm says that, given macro pressures in Mexico and lackluster results by the company's peers suggesting weak U.S. loan growth, First Cash is unlikely to outperform going forward.
06:12 EDTFCFSFirst Cash downgraded to Market Perform from Outperform at JMP Securities
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August 25, 2015
08:05 EDTCSHCash America management to meet with Jefferies
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August 19, 2015
09:56 EDTRMRegional Management mentioned cautiously in a Seeking Alpha article
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