Credit Services

(AXP) American Express Shares Hit 52-Week High

On May 21, 2013, shares of American Express Co. (AXP), also known as AmEx, hit a 52-week high of $75.11. The company reported first-quarter results with a positive earnings surprise of 3.6%. AmEx delivered positive earnings surprise...

8Sep2013 | | Comments Off on (AXP) American Express Shares Hit 52-Week High | Continued

(COF) Capital One Financial Hikes Dividend

Last week, Capital One Financial Corporation (COF) announced a whopping 500% hike in its quarterly cash dividend. It came subsequent to the Federal Reserve’s approval of the company’s capital plan in March.

Capital One declared...

17May2013 | | Comments Off on (COF) Capital One Financial Hikes Dividend | Continued

(ADS) Shire Beats Earnings in First Quarter

Shire’s (SHPG) first quarter 2013 earnings (excluding special items) of 1.63 as per American Depositary Share (ADS) beats the Zacks Consensus Estimate of $1.61. The reported quarter’s adjusted earnings also increased 10% from...

16May2013 | | Comments Off on (ADS) Shire Beats Earnings in First Quarter | Continued

(COF) Capital One Financial Upgraded to Neutral

On Apr 25, 2013, we upgraded our recommendation on Capital One Financial Corp. (COF) to Neutral from Underperform. Our decision rests on Capital One’s better-than-expected first quarter earnings. However, rising expenses and weak...

1May2013 | | Comments Off on (COF) Capital One Financial Upgraded to Neutral | Continued

(DFS) Discover Financial Service Raises Dividend

Recently, the board of Discover Financial Services (DFS) approved a 43% hike in its quarterly cash dividend to 20 cents per share from 14 cents paid earlier. The increased dividend will be payable on May 23, 2013 to shareholders of...

17Apr2013 | | Comments Off on (DFS) Discover Financial Service Raises Dividend | Continued

(MCO) Moody’s Upgraded to Strong Buy

On Mar 21, 2013, Zacks Investment Research upgraded Moody’s Corp. (MCO) to a Zacks Rank #1 (Strong Buy). With a strong return of 23.4% over the past one year and a positive estimate revision trend, Moody’s is an...

10Apr2013 | | Comments Off on (MCO) Moody’s Upgraded to Strong Buy | Continued

(DFS) Discover Financial Services Approves New Share Repurchase Program

Last week, the board of Discover Financial Services (DFS) approved a new share repurchase program worth $2.4 billion. The new repurchase program replaced the company’s previous $2 billion repurchase program, which had remaining authorization...

4Apr2013 | | Comments Off on (DFS) Discover Financial Services Approves New Share Repurchase Program | Continued

(AXP) Fed Approves American Express’ Capital Plan

In its second attempt so far this year, American Express Co. (AXP) (AmEx) succeeded in receiving approval for its capital plan for the next one year from the Federal Reserve (Fed). The last capital plan submitted in Jan 2013, before...

4Apr2013 | | Comments Off on (AXP) Fed Approves American Express’ Capital Plan | Continued

(DFS) Discover Financial Services Shares Hit 52-Week High

On Mar 18, 2013, the shares of Discover Financial Services (DFS) hit a 52-week high of $44.43 propelled by its initiatives to boost shareholder value along with the impetus provided by the new growth initiatives revealed in the investor...

28Mar2013 | | Comments Off on (DFS) Discover Financial Services Shares Hit 52-Week High | Continued

(EFX) Equifax Incorporated – Momentum

Equifax Inc. (EFX) is a Zacks Rank #1 (Strong Buy) information solutions provider that has delivered 6 straight quarters with positive earnings surprises. Earnings estimates for 2013 have been heading higher over the past couple of months thanks...

1Feb2013 | | Comments Off on (EFX) Equifax Incorporated – Momentum | Continued

(ADS) Alliance Data Systems Approves $400 Million Share Buyback

In a concerted effort to return more value to shareholders, the board of directors of Alliance Data Systems Corporation (ADS) approved a new share buyback program. The company, with the new approval, is now authorized to repurchase...

15Jan2013 | | Comments Off on (ADS) Alliance Data Systems Approves $400 Million Share Buyback | Continued

(EFX) Equifax – Bull of the Day

Equifax (EFX) delivered decent third quarter 2012 results, surpassing the Zacks Consensus Estimate on the top and bottom lines. Fourth-quarter guidance was encouraging.

We believe that Equifax is well positioned to benefit from its leadership...

3Jan2013 | | Comments Off on (EFX) Equifax – Bull of the Day | Continued

(MCO) Zions Bancorp Ratings Upgraded by Moody’s

Moody’s Investors Service, a rating arm of Moody’s Corp. (MCO), has completed the review for the upgrade in ratings of Zions Bancorp. (ZION) and its subsidiaries...

24Dec2012 | | Comments Off on (MCO) Zions Bancorp Ratings Upgraded by Moody’s | Continued

(MCO) PNC Financial Downgraded by Moody’s

Moody’s Investors Service, a rating arm of Moody’s Corp. (MCO), downgraded the rating outlook of PNC Financial Services Group Inc. (PNC) and its subsidiaries....

21Dec2012 | | Comments Off on (MCO) PNC Financial Downgraded by Moody’s | Continued

(MCO) Moody’s May Downgrade Canadian Banks

Moody’s Investors Service – the credit rating arm of Moody’s Corp. (MCO) – has put the long-term ratings of six major Canadian banks on review for a possible one-notch downgrade. The potential rating revision comes...

30Oct2012 | | Comments Off on (MCO) Moody’s May Downgrade Canadian Banks | Continued

(MCO) Regions Financial under Review by Moody’s

On Wednesday, Moody’s Investors Service, a rating arm of Moody’s Corp. (MCO) kept the long-term ratings of Regions Financial Corp. (RF) and its subsidiaries...

9Oct2012 | | Comments Off on (MCO) Regions Financial under Review by Moody’s | Continued

(MCO) Moody’s Ups FY2012 Outlook

Moody’s Corp. (MCO) raised its fiscal 2012 forecast. While the top line remains similar to previous expectations (up 12% to 13% year over year compared to previous expectations of an increase in the low-double-digit percentage range)....

8Oct2012 | | Comments Off on (MCO) Moody’s Ups FY2012 Outlook | Continued

(MCO) Zions Bancorp Listed as Likely Upgrade by Moody’s Investors Service

Moody’s Investors Service – the credit rating arm of Moody’s Corp. (MCO) – has placed the ratings of Zions Bancorp (ZION) and its affiliates on review...

8Oct2012 | | Comments Off on (MCO) Zions Bancorp Listed as Likely Upgrade by Moody’s Investors Service | Continued

(DLLR) DFC Global Beats Earnings Forecast – Guides 2013

DFC Global Corp. (DLLR), reported operating earnings of 58 cents per share for fiscal fourth quarter 2012, ending June 30, beating the Zacks Consensus Estimate by 3.6% and increasing 26% from the year-ago earnings.

The operating...

31Aug2012 | | Comments Off on (DLLR) DFC Global Beats Earnings Forecast – Guides 2013 | Continued

(CIT) Mid-Size Banks’ Stress Test Delayed

The banking regulators announced that they are contemplating delaying the implementation of the stress test for the mid-size banks and financial institutions (with consolidated assets of $10-50 billion). This comes as a major relief for these institutions.

As part of the Dodd-Frank Wall Street...

29Aug2012 | | Comments Off on (CIT) Mid-Size Banks’ Stress Test Delayed | Continued

(DFS) Discover Partners with PayPal

Recently, Discover Financial Services (DFS) announced a partnership with eBay Inc.’s (EBAY) PayPal under which the latter’s customers will have access to Discover’s...

28Aug2012 | | Comments Off on (DFS) Discover Partners with PayPal | Continued

(CIT) CIT Group Prices Senior Notes

CIT Group Inc. (CIT) announced the pricing of a registered public offering worth nearly $3 billion. This marks the fourth bond offering by the company in the current year.

The public offering includes $1.75 billion of senior...

22Aug2012 | | Comments Off on (CIT) CIT Group Prices Senior Notes | Continued

(CIT) CIT Group to Redeem Remaining Costly Debt

CIT Group Inc. (CIT), which has been redeeming notes for quite sometime now, announced its decision to redeem the remainder of $681 million of its 7% Series C senior unsecured notes. These notes mature in 2016 and will be redeemed...

21Aug2012 | | Comments Off on (CIT) CIT Group to Redeem Remaining Costly Debt | Continued

(AXP) American Express Company Embracing EMV Chip-based Technology

In an effort to tap the emerging contactless payments market, American Express Company (AXP) is moving to EMV (Europay, Mastercard and Visa) chip-based technology. The company plans to begin issuing EMV-compliant cards in the U.S....

10Aug2012 | | Comments Off on (AXP) American Express Company Embracing EMV Chip-based Technology | Continued

(AXP) American Express Rating Action

On Thursday, Fitch Ratings affirmed the long and short-term Issuer Default Rating (IDR) of American Express Co. (AXP) or AmEx and its subsidiaries at “A+” and “F1,” respectively, with a stable outlook.

The affirmation...

26Apr2012 | | Comments Off on (AXP) American Express Rating Action | Continued

(COF) Company News for March 16, 2012 – Corporate Summary

•    Shares of Cisco Systems, Inc. (NASDAQ:CSCO) slipped1.4% after it agreed to buy NDS for $5 billion

•    An inflated earnings estimate for FY12 from Scholastic Corporation (NASDAQ:SCHL)...

16Mar2012 | | Comments Off on (COF) Company News for March 16, 2012 – Corporate Summary | Continued

(AXP) American Express Announces $5 Billion Share Buyback

Basking after an impressive quarter, American Express Co. (AXP) (AmEx) announced its intention of buying back shares worth $5 billion within two years, besides initiating about an 11% hike in its regular dividend to 20 cents from the...

14Mar2012 | | Comments Off on (AXP) American Express Announces $5 Billion Share Buyback | Continued

(SLM) Sallie Mae Stays Outperform

We have reiterated our Outperform recommendation on SLM Corp. (SLM), better known as Sallie Mae, following its fourth quarter and full year 2011 earnings release and the recent announcement of dividend increase and share buyback authorization.

Sallie...

13Feb2012 | | 0 comments | Continued

(SLM) Sallie Mae Enhances Shareholder Value

SLM Corp. (SLM), commonly known as Sallie Mae, remains committed to boosting investors’ confidence through dividend increases and share buybacks. The company announced a 25% hike in its quarterly dividend to 12.5 cents per share...

6Feb2012 | | 0 comments | Continued

(COF) Capital One Financial Misses Estimates on Higher Expenses

Capital One Financial Corp. (COF) reported fourth-quarter 2011 earnings from continuing operations of 89 cents per share, significantly below the Zacks Consensus Estimate of $1.53.  This also compares unfavorably with $1.88 earned...

20Jan2012 | | 0 comments | Continued