All Posts Tagged With: "COF"
(AAPL) Company News for January 23, 2012 – Corporate Summary
• Apple Inc. (NASDAQ:AAPL) managed to gain an upper hand over Samsung, after a German court ruled against the latter in a patent related case • Shares of Parker-Hannifin Corporation Com (NYSE:PH) slumped 4% after it lowered its 2012 earnings guidance • SunTrust...
23Jan2012 | vitalstocks | 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 in the prior quarter and $2.07 recorded in the...
20Jan2012 | vitalstocks | 0 comments | Continued(BAC) Net Charge-Off Rate Falls
The regulatory filings by major credit card companies have disclosed mixed results in credit card defaults and delinquency rate for November 2011. According to these filings, three of the nation’s top six credit card companies reported a decline in card defaults, while...
17Dec2011 | vitalstocks | 0 comments | Continued(BAC) Can You Live Without Debt?
Remember the fictional immigrant Balki from the TV show “Perfect Strangers”? He seemed to speak a universal truth when he said, “Am I in debt? I’m a true American.” Well, not anymore. After being battered by the latest recession, Americans are gradually...
30Nov2011 | vitalstocks | 0 comments | Continued(COF) Capital One-HSBC Credit Card Business Aquisition Deal Under Review
Earlier this week, the Office of the Comptroller of the Currency (OCC) announced the recommencement of the comment period on Capital One Financial Corp.’s (COF) proposed deal to acquire HSBC Holdings Plc’s (HBC) U.S. credit-card business. This decision was taken following...
28Nov2011 | vitalstocks | 0 comments | Continued(BAC) Credit Card Mixed Net Charges Off & Delinquency in October
Some regulatory filings by major credit card companies have disclosed mixed results in credit card defaults and delinquency rate for October 2011. According to these filings, three of the nation’s top six credit card companies reported a decline in card defaults, while...
22Nov2011 | vitalstocks | 0 comments | Continued(HBC) HSBC Holdings to Divest Its Losango Unit
On Thursday, Financial Times reported that HSBC Holdings Plc (HBC) is planning to sell its Losango consumer finance unit in Brazil, in yet another attempt to shed its non-core assets and improve efficiency. Presently, HSBC’s Losango unit has nearly 20 million clients and controls...
2Nov2011 | vitalstocks | 0 comments | Continued(AAPL) A Busy Week Ahead – Earnings Preview
Earnings Preview 10/14/11 While the earnings season kicked off this past week, only 38 firms reported. The game really gets under way next week, when we will get reports from 336 firms, including 99 members of the S&P 500. Thus, by the end of the week we will have a very...
17Oct2011 | vitalstocks | 0 comments | Continued(JPM) Major Credit Card Companies Report Delinquency Drop Continues
Regulatory filings by major credit card companies for the month of August revealed mixed results in credit card defaults and delinquency rate. According to the respective regulatory filing, four of the nation’s top six credit card companies reported a decline in card defaults,...
20Sep2011 | vitalstocks | 0 comments | Continued(BRC) Company News for September 13, 2011 – Corporate Summary
• Share prices of semiconductor company NetLogic Microsystems (NASDAQ:NETL) spiked up 50.80% to close at $48.12 after Broadcom Corp. (NASDAQ:BRCM) announced its decision to buy the company for about $3.7 billion • Board of directors of McGraw-Hill Companies (NYSE:MHP)...
13Sep2011 | vitalstocks | 0 comments | Continued(AXP) Stock Market News for August 26, 2011 – Market News
Tense investors chose to raise cash ahead of the Federal Chairman’s speech at Jackson Hole and subsequently dragged the benchmarks lower, negating the effect of Warren Buffet’s $5 billion investment in Bank of America. Additionally, the jobs market painted another gloomy...
26Aug2011 | vitalstocks | 0 comments | Continued(AAP) Company News for August 12, 2011 – Corporate Summary
• Pan American Silver Corp (NASDAQ:PAAS) posted Q2 EPS of $0.71, lower than the Zacks Consensus Estimate of $0.74 per share. Revenues rose 57.4% year-over-year to $231.9 million, missing the Zacks Consensus Estimate of $282.0 million • FXCM (NASDAQ:FXCM) reported...
13Aug2011 | vitalstocks | 0 comments | Continued(ANX) Company News for August 11, 2011 – Corporate Summary
• According to a report in The New York Times, Capital One (NYSE:COF) has decided to acquire the U.S. credit card business segment of HSBC holdings (NYSE:HSBC) in a deal estimated to be over $2 billion • MakeMyTrip Limited (NASDAQ:MMYT) posted Q1 EPS of $0.04,...
11Aug2011 | vitalstocks | 0 comments | Continued(COF) Capital One Financial Earnings Outpace Estimates
Capital One Financial Corp.’s (COF) second quarter 2011 earnings from continuing operations of $2.04 per share were substantially ahead of the Zacks Consensus Estimate of $1.67. Though this compared unfavorably with $2.04 in the prior quarter, it surpassed $1.78 recorded in...
15Jul2011 | vitalstocks | 0 comments | Continued(XLF) Stock Market News for July 12, 2011 – Market News
On the opening day of the week, markets slipped to their lowest level in almost a month, as euro-zone debt worries dampened investor sentiment. Additionally, an impasse over budget talks dragged the mood lower while investors looked for direction from the earnings season, which...
12Jul2011 | vitalstocks | 0 comments | Continued(SOLR) Increase Odds of Positive Earnings Surprises
Surprises are, by definition, unexpected. However, since we know that companies that report better-than-expected earnings tend to see their share prices rise after the announcement, and those that disappoint sink, it would be nice to be able to get in front of those that are...
5Jul2011 | vitalstocks | 0 comments | Continued(HBC) HSBC Holdings Saudi Arm to Join SABB Securities
HSBC Holdings Plc (HBC) announced that its Saudi Arabian wholesale and investment banking unit, HSBC Saudi Arabia, would merge with SABB Securities Ltd., a wholly-owned brokerage and custody business unit of The Saudi British Bank. However, the company did not disclose the terms...
29Jun2011 | vitalstocks | 0 comments | Continued(COF) The Cheap “Ones” – Finding Value Stocks
Firms for which the market’s expectations of the future are low tend to be very cheap statistically. There is a very large body of research that suggests that over time you do much better buying cheap firms than expensive ones, even if the expensive ones seem to have the hot...
22Jun2011 | vitalstocks | 0 comments | Continued(PNC) PNC Financial Services Group Acquiring Royal Bank of Canada Unit
PNC Financial Services Group Inc. (PNC) is purchasing RBC Bank (USA), the U.S. retail banking subsidiary of Royal Bank of Canada (RY) and have signed a definitive agreement in this context. The acquisition of this RBC banking business for $3.45 billion would help PNC to expand...
20Jun2011 | vitalstocks | 0 comments | Continued(COF) Capital One Acquires ING Direct USA
Capital One Financial Corp.(COF) announced an agreement to acquire ING Direct USA, the online banking unit of Amsterdam-based ING Groep NV (ING), in a stock-cum-cash transaction valued at $9.0 billion. The deal would catapult the company to fifth position from the present eighth,...
19Jun2011 | vitalstocks | 0 comments | Continued(CFI) Company News for June 17, 2011 – Corporate Summary
• Shares of Virginia-based bank Capital One Financial (NYSE:COF) rose 2.36% after the bank announced plans to purchase ING’s U.S. online bank. The deal will help Capital One become the fifth largest U.S. bank in terms of assets • Share prices of The Kroger...
17Jun2011 | vitalstocks | 0 comments | Continued(BAC) U.S. Credit Card Defaults Continue to Decrease
Regulatory filings by major credit card companies for the month of May have shown a continuous declining trend in credit card defaults, with rates dropping to the pre-crisis level. On Wednesday, five of the nation’s top six credit card companies reported a decline in card...
16Jun2011 | vitalstocks | 0 comments | Continued(JPM) Credit Card Defaults Trend Down
Regulatory filings by major credit card companies for the month of April have shown a declining trend in credit card defaults. On Monday, five of the nation’s top six credit card companies reported a decline in card defaults. While JPMorgan Chase & Co. (JPM), American...
30May2011 | vitalstocks | 0 comments | Continued(BAC) Credit Card Risks Linger
Are U.S. credit card users protected now? The answer depends on the type of credit card they are holding. If it’s a small business credit card, which is easily available for customers who do not own even a small business, the risk of facing awful practices by credit card...
28May2011 | vitalstocks | 0 comments | Continued(JPM) Credit Card Defaults Trend Down
Regulatory filings by major credit card companies for the month of April have shown a declining trend in credit card defaults. On Monday, five of the nation’s top six credit card companies reported a decline in card defaults. While JPMorgan Chase & Co. (JPM), American...
23May2011 | vitalstocks | 0 comments | Continued(COF) Capital One Gets Fitch Investment Grade Rating Retained
On Monday, Fitch Ratings announced that it has maintained its investment grade ratings on Capital One Financial Corp. (COF) and its core operating subsidiaries. The rating agency stated the company’s significant earnings growth and improving asset quality as the main reasons...
13Apr2011 | vitalstocks | 0 comments | Continued(COF) Capital One Financial Planning to Bid for ING Direct?
On Sunday, Bloomberg reported that Capital One Financial Corp. (COF) is one of the few firms that are interested in buying ING Direct USA. ING Direct USA is the online banking unit of Amsterdam-based ING Groep NV (ING). Apart from Capital One, ING has been in talks with several...
9Apr2011 | vitalstocks | 0 comments | Continued(DVR) TiVo Reports Database Compromise
A developer of advanced television services including digital video recorders (DVR), TiVo Inc. (TIVO), announced that its third-party marketing vendor, Epsilon has been impacted by a massive security breach. TiVo has warned its customers not to provide any personal information...
5Apr2011 | vitalstocks | 0 comments | Continued(BAC) How Are Americans Using Their Credit Cards?
Learning from the latest economic crisis, regulators have been trying to swap the credit card swiping trend with alternative payment methods and prompting consumers to reduce their credit card debts. Consequently, a declining trend of credit card usage has been witnessed in recent...
20Mar2011 | vitalstocks | 0 comments | Continued(ALTR) Company News for March 07, 2011 – Corporate Summary
• Bank of America (NYSE:BAC) lowered its Q1 EPS estimate for Citigroup to $0.10 from $0.13, against a Zacks Consensus Estimate of $0.10 per share, and for Goldman Sachs to $3.91 from $5.93, against a Zacks Consensus Estimate of $4.23 per share • Wal-Mart Stores Inc (NYSE:WMT)...
7Mar2011 | vitalstocks | 0 comments | Continued