All Posts Tagged With: "V"
(FIS) Fidelity National Information Services Bids for Misys
Fidelity National Information Services Inc. (FIS) confirmed its bid for the U.K. based financial software company, Misys. According to analysts, the deal is valued at approximately $2.4 billion.
Misys...
(JPM) Will Credit Unions Replace Banks?
On the one hand, banks are figuring out ways to recover some money that they are bound to lose due to the imminent cut in interchange fees, as dictated in the Wall Street reform legislation last year.
On the other hand, credit unions are gaining more popularity among...
(DFS) Discover Financial Services Earnings Preview
Electronic payment processor in the US, Discover Financial Services (DFS) is scheduled to release its second quarter results before the market opens on June 23, 2011. The Zacks Consensus Estimate for the second...
(V) Debit Card Cap Battle in Final Leg
The fate of the pending cap on interchange fees for debit cards will be decided today in a U.S. Senate vote, according to a Reuters report on Tuesday. This would put an end to the tussle on the enactment and deferment of the cap that has been in question for quite some time...
(AXP) American Express Diversifies with Prepaid Card
Diversifying its scope of operation beyond affluent customers, American Express Co. (AXP) (AmEx) is expected to introduce a new convenient prepaid debit card on Tuesday, which will operate out of the Dodd-Frank...
(V) Visa Expands for Mobile Banking
Expanding its presence through mobile commerce, yesterday Visa Inc. (V) acquired Fundamo, a South-Africa based leading software maker for mobile banking services in more than 40 countries, in an all-cash deal...
(RTN) Raytheon Wins $84.7 Million US Navy Deal
Defense contractor Raytheon Company (RTN) announced the receipt of an $84.7 million contract from the U.S. Navy to continue with the production of ALR-67(V) 3 digital radar warning receivers. U.S. Naval Air...
(GOOG) Google Sued by Paypal Over Digital Wallet Payment System
Google Inc (GOOG) announced its digital wallet payment system amongst much controversy. Very soon after the company announced the new payment system at its New York offices along with partners Citibank, a...
(FIS) Fidelity National Information Services Selected by Woolworths
A leading provider of banking and payments technology, Fidelity National Information Services Inc. (FIS) was recently selected by Woolworths Ltd. to provide prepaid card processing services including card...
(ADP) Stock Market News for May 9, 2011 – Market News
Just when investors had grown despondent, indices snapped their four-day losing streak on Friday, as the biggest employment addition in five years lifted markets into the green.
Both the Dow Jones Industrial Average (DJIA) and Standard & Poor climbed 0.4% to settle...
(AIG) Company News for May 9, 2011 – Corporate Summary
• American International Group Inc. (NYSE:AIG) reported first quarter operating income of $2.03 billion or $1.30 per share, well ahead of the Zacks Consensus Estimate of a loss of 15 cents per share and earnings of...
(V) Visa Gains Big – Earnings Beat Analyst Estimates
Visa Inc.’s (V) fiscal second quarter 2011 (ended March 31, 2011) operating earnings of $1.23 per Class A common share were three pennies ahead of the Zacks Consensus Estimate of $1.20 per share, but substantially...
(PCLN) U.S. Jobs Report Better than Expected
The negative build-up over the last few days to today’s jobs report turned out to be completely off the mark. We got an impressive jobs report this morning, with the private sector coming up with one of its best showings in a long time.
The Bureau of Labor Statistics...
(NTRS) Northern Trust Analyst Upgrades Shares to Neutral
We have upgraded our recommendation on Northern Trust Corporation (NTRS) to Neutral from Underperform attributed to synergies expected from the recent acquisitions.
In April, Northern Trust reported...
(FIS) Fidelity National Information Services Reports Earnings In Line
Fidelity National Information Services Inc. (FIS) reported first quarter 2011 earnings of 45 cents, in line with the Zacks Consensus Estimate and management’s guided range of 44 to 46 cents. Strong revenue...
(MA) MasterCard Earnings Excel Once Again
MasterCard Inc.’s (MA) first quarter operating earnings per share of $4.29 came in significantly ahead of the Zacks Consensus Estimate of $4.10 and $3.46 in the year-ago quarter. Net income for the reported...
(FIS) Fidelity National Information Services Earnings Preview
Fidelity National Information Services Inc.(FIS) is scheduled to report its first quarter 2011 results before the opening bell on May 3, 2011. In the run up to the earnings report, there have not been any...
(AXP) American Express Expands Online Pay
On Wednesday, American Express Co. (AXP) (AmEx) expanded its digital payment services by partnering with a leading mobile payment processing service – Payfone, in a strategic alliance whereby the latter...
(MA) MasterCard Announces Expanded Share Buyback
Yesterday, the board of the global payment solution giant MasterCard Inc. (MA) approved and authorized the extension of its stock repurchase program to $2 billion from $1 billion, which was sanctioned in September...
(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...
(V) Visa First Quarter 2011 Earnings Scorecard – Beats by a Few Cents
Visa Inc. (V) reported its earnings for the first quarter of fiscal year 2011 on February 2nd, beating the Zacks Consensus Estimate by a couple of cents per share, led by strong top line growth though...
(FIS) Fidelity National Information Services Beats Expectations on Strong Revenue
Fidelity National Information Services Inc. (FIS) reported fourth quarter 2010 earnings of 64 cents that beat the Zacks Consensus Estimate of 60 cents. Strong revenue growth and higher cost savings drove the...
(V) Visa First Quarter 2011 Earnings Preview
Global electronic payment processor Visa Inc. (V) is scheduled to release its fiscal first quarter results after the market closes on February 2, 2011. The Zacks Consensus Estimate for the first quarter is $1.20...
(NTRS) Northern Trust Fourth Quarter Earnings Report Lags Estimates
Northern Trust Corporation’s (NTRS) fourth quarter earnings of 64 cents per share were below the Zacks Consensus Estimate of 71 cents per share. The decrease was attributable to low interest rate environment,...
(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...
(AAPL) Stock Market News for Dec 17, 2010 – Market News
The markets closed with modest gains, yesterday, drifting away from any further late-day sell-off that had affected stocks in the last few days. The indices ended on a winning side, helped by positive economic data and higher profit outlook from package shipper FedEx...
(MA) MasterCard Buys Travelex’s Prepaid Card Program
Expanding its global prepaid business, yesterday MasterCard Inc. (MA) announced the acquisition of UK-based largest non-bank foreign exchange supplier and cross-border service provider, Travelex’s prepaid...
(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...