All Posts Tagged With: "V"
(MS) Facebook Public Trading Debuts Today on NASDAQ
Online social networking mogul Facebook (FB) is scheduled to start trading on the Nasdaq Stock Market today at around 11.00 a.m. Yesterday, its much-hyped initial public offering (IPO) yielded approximately...
(HUM) Attention Shifts to Jobs – Earnings Preview
Earnings Preview – Week of April 30th
The focus this week will be on the labor market, with the April non-farm payroll report coming out on Friday. Many will be hoping that this report will provide...
(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...
(V) Visa Shuns Global Payments Incorporated for Breach of Data
Visa Inc. (V) has dropped Global Payments Inc. (GPN) from its list of service providers after detecting a cyber intrusion in the latter’s...
(WU) Western Union Launches WU Pay
In a conscious effort to expand its e-payment service, Western Union Co. (WU) has announced the launch of WU Pay.
The recently launched platform will enable customers to pay for their online purchases...
(V) Visa Ties Up with Intel
Yesterday, card processing giant Visa Inc. (V) announced a strategic alliance with Intel Corporation (INTC), a multinational semiconductor...
(MA) MasterCard and Telefonica Join Forces
Last week, MasterCard Inc. (MA) and Telefónica S.A. (TEF) announced its joint venture (JV) under the corporate name – Wanda with tagline...
(MA) MasterCard Doubles Dividend Payout
Basking after a great quarter and year, yesterday, the board of MasterCard Inc. (MA) declared a 100% hike in its dividend to 30 cents per share from the prior 15 cents. The increased dividend will be paid on...
(TSS) Total System Services Meets Expectations
Total System Services Inc. (TSS) reported fourth-quarter 2011 operating earnings of 31 cents per share, in line with the Zacks Consensus Estimate but modestly higher than 24 cents per share in the year-ago...
(AXP) American Express and Discover Financial Services Defaults Plunge
Yesterday, major credit card companies American Express Co. (AXP) (AmEx) and Discover Financial Services (DFS) reported a drop in defaults...
(V) Visa Works to Delay Debit-Fee Rule
Visa Inc. (V) appears to have tried out every means to delay the implementation of the debit-fee ruling finalized in June this year, due to which the company’s lobbying charges increased substantially during...
(MA) MasterCard in mCommerce Tie
In an attempt to expand its mobile commerce (mCommerce) platform, yesterday, MasterCard Inc. (MA) announced a global strategic alliance with mFoundry. The latter is a well-positioned mobile banking solutions...
(BRKA) Berkshire Hathaway’s Buffett Adds Hometown Newspaper
On Wednesday, Warren Buffett, the Chairman and CEO of Berkshire Hathaway Inc. (BRKA) (BRKB), announced an acquisition to buy The Omaha World-Herald Company,...
(MA) MasterCard and Ecobank Sign Memorandom of Understanding
Expanding its electronic payments network in Sub-Africa, on Thursday, MasterCard Inc. (MA) announced a Memorandom of Understanding (MoU) with Togo-based Ecobank Group, which will allow the former to do business...
(V) Visa Analyst Maintains Neutral Rating on Shares
While Visa Inc. (V) came out firm from its fiscal 2011, we reiterated our Neutral recommendation on the stock based on the cautious growth outlook for fiscal 2012 amid regulatory challenges.
Visa’s...
(MA) MasterCard Allies with Western Union
In an attempt to expand its prepaid card offering, yesterday, card giant – MasterCard Inc. (MA) announced a global strategic alliance with money transfer giant – Western Union Co. (
1Dec2011 | vitalstocks | 0 comments | Continued(DFS) Discover Financial Services Downgraded to Neutral
We have downgraded our recommendation on Discover Financial Services (DFS) to Neutral based on a weak momentum in the earnings outlook. The company reported third-quarter 2011 earnings per share of $1.18,...
(BAC) Bank of America Calls Off Debit-Card Fee
Bank of America Corp. (BAC) has called off its plan to charge a $5 monthly fee on debit card purchases on Tuesday, but only after a hostile response from consumers and lawmakers nationwide. The company was...
(FIS) Fidelity National Information Services Ropes in 80 New Clients
Fidelity National Information Services Inc. (FIS), the provider of banking and payments technology, will be providing prepaid processing solutions to 80 new clients across the globe. Fidelity’s prepaid processing...
(V) Card Giants Ease Over Fed Rulings
Lobbying charges for Visa Inc. (V), American Express Co. (AXP), MasterCard Inc. (
6Oct2011 | vitalstocks | 0 comments | Continued(BAC) Bank of America to Charge for Debit Card Usage
Following the footsteps of some of its peers, Bank of America Corporation (BAC) is all set to charge its debit card users, in order to recoup some of the revenue losses that the company would suffer after...
(MA) MasterCard Analyst Keeps Shares at Neutral
We have reiterated our Neutral recommendation on MasterCard Inc. (MA) given the current sustainability factor. The company’s second-quarter operating earnings per share of $4.76 came in substantially ahead...
(WFC) Wells Fargo Stops Debit Rewards
Yesterday, Wells Fargo & Company (WFC) announced its plan of scraping debit card rewards program for its existing customers, effective October. Previously, in March, Wells Fargo halted the program for...
(FIS) Fidelity National Information Services Edges Out Estimates
Fidelity National Information Services Inc. (FIS) reported second quarter 2011 earnings of 55 cents, beating the Zacks Consensus Estimate by a penny. The better-than-expected result was driven...
(HRS) Harris Bags Another US Defense Deal
Harris Corp. (HRS) recently won a contract worth $17.8 million from the U.S. army for supplying Falcon II high-frequency manpack radios. These devices protect army vehicles from enemy mines in the battle field.
This...
(DFS) Discover Analyst Retains Outperform on Shares
Discover has grown to become one of the largest card issuers in the U.S. and a leading innovator and driver of change in the credit card industry. The company continues to explore healthy opportunities for inorganic growth and also implements several capital-bolstering initiatives....
(V) Visa Funds Escrow Account
Visa Inc. (V) has provided the share count details and its pricing regarding the escrow account, which was established on March 31, 2011.
During March end, Visa had deposited about $400 million in its...
(NTRS) Northern Trust Analyst Stays Neutral on Shares
We are maintaining our Neutral recommendation on Northern Trust Corporation (NTRS) based on favorable acquisition spree and global expansions of the company.
In May 2011, Northern Trust agreed to acquire...
(WMT) Sleepers in the E-Commerce Boom
by Justin Dove, Investment U Research
Tuesday, June 28, 2011
E-commerce...
(MA) MasterCard Intact at Neutral
We reiterated our Neutral recommendation on MasterCard Inc. (MA) given the current sustainability factor. The company’s first quarter operating earnings per share of $4.29 came in significantly ahead of the...