All Posts Tagged With: "COF"
(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...
(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...
(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...
(AVP) Stock Market News for Febuary 09, 2011
On Tuesday, markets gained points with the Dow closing higher for the seventh consecutive session, the longest run of gains since July, helped by strong sales figures posted by Mc Donald’s. However, the gains were limited by falling energy prices which were hit by China’s...
(BEC) Company News For December 10, 2010 – Corporate Summary
• China’s Petrochemical agreed to purchase Occidental Petroleum’s (NYSE:OXY) oil and gas holding in Argentina for $2.45 billion
• Community Health (NYSE:CYH) made an offer for Tenet (NYSE:THC) for $3.3 billion, or $6 per share, which the firm declined
• Beckman...
(MCO) Moody’s Investors Service Chops Ratings of Ten Banks
Moody’s Investors Service, the ratings arm of Moody’s Corp. (MCO), has lowered the ratings of 10 banks earlier this week on lower expectations for governmental support for these banks.
Banks...
(MA) MasterCard Quarterly Earnings Outshines Consensus Estimates
MasterCard Inc.’s (MA) third quarter operating earnings per share of $3.94 came in dramatically ahead of the Zacks Consensus Estimate of $3.54 and $3.45 in the year-ago quarter. Net income for the reported...
(COF) Capital One Financial Beats The Street Substantially
Capital One Financial Corp.’s (COF) third quarter 2010 earnings from continuing operations of $1.79 per share were substantially ahead of the Zacks Consensus Estimate of $1.12. The earnings also compare...
(AXP) American Express Quartely Report Beats The Street by a Nickel
Yesterday, American Express Company (AXP) reported third quarter income from continuing operations of $1.1 billion or 90 cents per share, well ahead of the Zacks Consensus Estimate of 85 cents. Results in...
(C) Citigroup Reports Increased Credit Card Charge-offs – August 2010
Citigroup Inc. (C) has reported an increase in credit card charge-offs in August. Charge-offs ? balances that are uncollectible by the company and are
subsequently written...
(C) How About The New Credit Card Rules: Good or Bad?
The final provisions of the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act that came into effect last Sunday could have longer term repercussions. Though the new rules will protect credit card users from unreasonable late payment fees, interest rate...
(CMA) Another Strong Earnings Season – The Dog That Didn’t Bark? – Earnings Trends
Key Points:
- Second quarter earnings season shaping up as a very strong one. So far 66.6% of firms reporting (333). Surprise ratio 4.63 with a 6.12% median surprise. Total net income grows 44.4%.
- Sales Surprise ratio at 1.83, median surprise...
3Aug2010 | vitalstocks | 0 comments | Continued
(AXP) American Express Company Earnings Exceed Estimates
On July 22, 2010, American Express Company (AXP) reported its second-quarter income from continuing operations of $1.0 billion or 84 cents per share, ahead of the Zacks Consensus Estimate of 78 cents. The...
(MCO) Rating Outlook Falls for Big Banks
The rating outlooks for big banks have been lowered by Moody’s Investor Service, a part of Moody’s Corporation (MCO). The rating agency has tempered its outlook for Bank of America Corporation...
(MSFT) Company News for July 23, 2010 – Corporate Summary
• Microsoft (NASDAQ:MSFT) posted fiscal fourth quarter earnings of 51 cents compared with Zacks estimate of 47 cents. Revenues were up 22.5% year over year to $16 billion compared with Zacks estimate of $15.3 billion
• SanDisk (NASDAQ:SNDK) posted second quarter...
(JPM) JPMorgan Slashes Loan Rates For Small Businesses Hiring People
In an effort to motivate small businesses and to reduce unemployment level, JPMorgan Chase & Co. (JPM) on Tuesday started a new plan to slash loan rates on small businesses, who decide to hire new employees.
JPMorgan...
(V) Visa Announces Lobbying Charges
On Friday, Visa Inc. (V) reported that it spent $1.12 million during the first quarter 2010 on issues related to credit card regulations. The lobbying charges were down 27% from the $1.54 million spent during...
(AXP) American Express Company to Bid for Royal Bank of Scotland Unit
American Express Company (AXP) and UK-based private equity house Permira are jointly bidding for Royal Bank of Scotland’s (RBS) payment...
(CMA) Comerica Warrants to be Sold by the U.S. Treasury
Yesterday, the U.S. Treasury announced that it will auction warrants of Comerica Inc. (CMA) this week. The Treasury will auction 11.48 million warrants of Comerica on Thursday. The minimum bid price is set...
(COF) February Consumer Credit Figures Show Contraction
The U.S. consumer continues to try to improve his or her balance sheet. In February, consumer credit (not including real estate-backed loans, aka mortgages) fell by 11.5%, and has been down in 12 of the last 13 months.
However the one exception to that was in January,...
(TCBI) Texas Capital Bancshares Warrents Sold by U.S. Treasury for $6.6 Million
The Treasury announced on Friday that it has received net proceeds of $6.6 million from the sale of warrants it had obtained as part of its investment in Texas Capital Bancshares Inc. (TCBI) through the Troubled...
(WFSL) U.S. Treasury Sells Washington Federal Warrants
The Treasury announced Wednesday that it has received net proceeds of $15.4 million from the sale of warrants it obtained as part of its investment in Washington Federal Inc. (WFSL) through the Troubled Asset...
(SBNY) U.S. Treasury Sells Warrants of Signature Bank
The Treasury announced Thursday that it has received net proceeds of $11.2 million from the sale of warrants it obtained as part of its investment in New York-based Signature Bank (SBNY) through the Troubled...
(BIG) Labor Department Report Shows Lack of Hires – Not Too Many Fires
The Labor Department released its Job Openings and Labor Turnover Survey (JOLTS) today for January. This survey does not get the same sort of attention that the employment report gets, mostly because it comes out well after the employment data does (we just had the February...
(BAC) U.S. Treasury Gets $1.5B from Bank of America Warrants
The Treasury has received net proceeds of $1.5 billion from the sale of warrants that entitled it to purchase common stock of Bank of America Corp. (BAC).
The Treasury received these warrants as part...
(COF) Initial Claims for Unemployment Shows More Bad News
The Initial Claims for Unemployment Insurance report was decidedly weak, with claims rising to 496,000, an increase of 22,000. The 4-week moving average rose by 6,000 to 473,750.
The weekly numbers can be very volatile, so in general it is better to...
(BAC) U.S. Treasury Sells Warrants of Four Banks
The U.S. Treasury Department is planning to auction off its warrant positions in four banks, which it received as part of its investments in banks through the $700 billion Troubled Asset Relief Program (TARP) during the height of the financial crisis. The government is taking...
(JPM) U.S. Banks Stock Update – February 2010 – Industry Outlook
After enduring extraordinary shocks in 2008, the U.S. banks entered an exceptional state of turmoil in 2009. Starting as a credit issue in the subprime segment of the mortgage market, the sticky situation infected almost the entire financial services industry, and all corners...
(AXP) American Express Company Beats on Lower Credit Losses
American Express Company’s (AXP) fourth quarter earnings from continuing operations of 59 cents per share were ahead of the Zacks Consensus Estimate of 56 cents. This also compares favorably to an earnings...
(COF) Capital One Financial’s Revenue Surpasses
Capital One Financial Corp.’s (COF) fourth quarter net income from continuing operations of 90 cents per share was substantially better than the Zacks Consensus Estimate of 45 cents. This also compares favorably...