All Posts Tagged With: "DFS"
(DFS) Discover Financial Services Earnings Scorecard
Discover Financial Services (DFS) reported its first quarter earnings for fiscal year 2011 on March 22, beating the Zacks Consensus Estimate substantially by 33 cents per share, led by strong net interest...
(EIA) Stock Market News for March 31, 2011 – Market News
Markets enjoyed an extended stay in the green following reports of new jobs being created in the private-sector. Domestic data was strong enough to counter any concerns arising from the euro-zone debt woes, Libyan unrest and the Japan nuclear crisis. The Dow inched closer...
(V) Visa Inflates Escrow Account
On Monday, Visa Inc. (V) announced that it will deposit about $400 million to its escrow account in order to fund its litigation costs. This action is considered equivalent to a repurchase of shares of...
(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...
(DFS) Discover Financial Services – Bull of the Day
We are upgrading our recommendation on Discover Financial Services (DFS) from Neutral to Outperform based on the acquisition of Student Loan Corp. that would enhance its already strong student loan portfolio....
(DFS) Discover Financial Services Beats Analyst Estimates
Discover Financial Services (DFS) reported a fiscal fourth quarter earnings of $346.5 million or 64 cents per share, well ahead of the Zacks Consensus Estimate of 42 cents.
The prior-year quarter posted...
(V) Visa Fourth Quarter 2010 Earnings In Line with The Street
Yesterday, Visa Inc.’s (V) fiscal fourth quarter 2010 (ended September 30, 2010) operating earnings of 95 cents per Class A common share were in line with the Zacks Consensus Estimate but came in substantially...
(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...
(DFS) Discover Financial Services – Bull of the Day
We are upgrading our recommendation on Discover Financial Services (DFS) to Outperform based on the forthcoming Student Loan Corp. acquisition that should enhance its already strong student loan portfolio....
(AAPL) Stock Market News for September 21, 2010 – Market News
The September rally picked up steam on Monday, sending major averages to their four-month high, amid hopes the Federal Reserve would announce measures to stimulate the economic recovery. However, volume remained low as market participants were hesitant to make bold moves amid...
(AZO) Company News for September 21, 2010
• Nokia (NYSE:NOK) for the second time announced delivery delays of its N8 model smartphone
• ConAgra (NYSE:CAG) announced worse-than-expected fiscal first quarter earnings of 34 cents a share, off estimates of 39 cents, on revenues of $2.82 billion, below estimates...
(C) Citigroup Quits Private Student Loan Business
Citigroup Inc. (C) has decided to exit its private student loan business. Its indirect subsidiary, Student Loan Corporation (STU) has signed...
(DFS) Discover Financial Services’ Earnings Beat Consensus Estimates
Discover Financial Services (DFS) reported a fiscal third quarter earnings of $261 million or 47 cents per share, well ahead of the Zacks Consensus Estimate of 35 cents. However, results dipped about 55% from...
(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...
(V) Visa Report Notes Lobbying Charges Expand $$
Visa Inc. (V) has reported that it has spent $1.53 million during the second quarter 2010 to address concerns related to credit card regulations and other issues. The lobbying charges nudged up 14% for Visa...
(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...
(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...
(BBY) Housing, Inflation & Production Keys – Earnings Preview
Earnings Preview 6/11/10
The first quarter earnings season is effectively over. There will be just 33 firms reporting next week, and some of those will be reporting second quarter earnings, not first...
(DFS) Discover Financial Servcies Forms Alliance With Amalgamated Bank of Chicago
In an attempt to expand its operation in the U.S., Discover Financial Services (DFS) recently announced its strategic alliance with Amalgamated Bank of Chicago (ABOC) in order to launch American Union Financial...
(V) Visa Funds Litigation Reserve in Light of Financial Legislation
Tucked inside the comprehensive financial overhaul that passed the U.S. Senate last week is a measure that has been weighing on the shares of Visa (V) and other credit/debit card issuers for days now. The Senate...
(MA) MasterCard Settles Lawsuit with Heartland Payment Systems
On May 19, MasterCard Inc. (MA) announced that it has reached a settlement with Heartland Payment System, whereby all disputes regarding breach of data security has been settled between both the parties along...
(ETFC) E*TRADE Financial Corporation Sees Improved Activity
Online broker E*TRADE Financial Corporation (ETFC) released its Monthly Activity Report for April 2010 on Wednesday, recording a 17.0% sequential gain in average U.S. trades.
For the month of April,...
(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...
(HIG) Hartford Financial Services Group Prices Senior Notes
As part of its plan to repay the entire $3.4 billion of bailout money it received from the government for participating in the Troubled Asset Relief Program (TARP) at the height of the credit crisis, Hartford Financial Services Group Inc. (
19Mar2010 | vitalstocks | 0 comments | Continued(CMA) Regional Bank Comerica Repays TARP Fund
Regional bank Comerica Inc. (CMA) said on Wednesday that it has repaid the entire $2.25 billion of bailout money it received from the government for its participation in the Troubled Asset Relief Program (TARP)...
(HIG) Hartford Financial Services Group to Repay TARP Money
In order to repay the entire $3.4 billion of bailout money it received from the government for its participation in the Troubled Asset Relief Program (TARP) at the height of the credit crisis, Hartford Financial Services Group Inc. (
17Mar2010 | vitalstocks | 0 comments | Continued(HPY) Heartland Payment Systems Settles Data Breach
To resolve the 2008 data breach claims with major card issuers, Heartland Payment Systems (HPY) said on Friday that it will pay about $60 million to issuers of Visa (
11Jan2010 | vitalstocks | 0 comments | Continued($MS) Morgan Stanley Wins Lawsuit Against Discover Financial Services
Morgan Stanley (MS) recently announced that it has won a legal case for breach of contract against its former subsidiary, Discover Financial Services (
7Jan2010 | vitalstocks | 0 comments | Continued(IBM) International Business Machines Hires for its Outsourcing Services
In an effort to expand its local call-center outsourcing business, the IT giant, International Business Machines Corp. (IBM) plans to hire 500 customer-service employees and train them at its campus in Boulder...