On May 21, 2013, shares of American Express Co. (AXP), also known as AmEx, hit a 52-week high of $75.11. The company reported first-quarter results with a positive earnings surprise of 3.6%. AmEx delivered positive earnings surprise...
8Sep2013 | vitalstocks
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Recently, The Western Union Company (WU), a leading financial services and communications business has inked a five-year agreement with a Mexican financial and retail services institution – Bancoppel. The deal allows Bancoppel to...
3May2013 | vitalstocks
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In its second attempt so far this year, American Express Co. (AXP) (AmEx) succeeded in receiving approval for its capital plan for the next one year from the Federal Reserve (Fed). The last capital plan submitted in Jan 2013, before...
4Apr2013 | vitalstocks
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SAP (SAP) reported fourth quarter and full year 2012 results. Earnings per share for the quarter were €1.14 ($1.47), up 7.0% year over year and 16.7% above the Zacks Consensus Estimate of $1.26 a share. Profits during the quarter...
25Jan2013 | aaroncampbell
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Leading e-commerce services provider Digital River, Inc. (DRIV) recently expanded its Digital River World Payments solution with the addition of American Express’ (<
28Dec2012 | aaroncampbell
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VeriFone Systems, Inc. (PAY) recently inked an agreement with Austrian company PayLife to install new VeriFone VX 680 wireless solution and VX 825 PIN acceptance system to upgrade or replace the existing systems for monetary transactions.
18Nov2012 | vitalstocks
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Benchmarks closed in the green yesterday propelled by better-than-expected housing data. This was the third-consecutive trading day that the markets secured a seat in the positive zone. However, disappointing earnings results from certain tech bellwethers eroded some of the day’s gains. The housing...
30Oct2012 | vitalstocks
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In an attempt to ramp up mobile commerce (mCommerce), MasterCard Inc. (MA) unveiled the Mobile MasterCard PayPass User Interface Software Development Kits (SDKs). This new SDK provides a complete next generation digital range of authorization...
9Oct2012 | vitalstocks
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A lower-than-expected increase in initial claims coupled with encouraging same store sale numbers from bellwether retailers helped markets close in the green. Moreover, ECB President Mario Draghi said once conditions are met, the European Central Bank would buy government bonds. Yesterday’s gains...
5Oct2012 | vitalstocks
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A number of weak economic readings, both on the domestic and international fronts, left most of the benchmarks languishing in the red. While initial claims for unemployment benefits was around two-month high, manufacturing suffered the weakest quarter in three years and leading indicators declined...
24Sep2012 | vitalstocks
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Groupon Inc. (GRPN) recently announced its entry into the mobile payments market with the launch of Groupon Payments – a service that enables businesses to accept credit cards via Apple Inc.’s...
23Sep2012 | vitalstocks
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The Fed finally announced additional economic measures and benchmarks soared to touch new multi-year highs on Thursday. The announcement that the US Federal Reserve will buyback mortgage securities worth $40 billion every month until the labor market improves pushed the benchmarks instantly higher...
14Sep2012 | vitalstocks
| Comments Off on (ETF) Stock Market News for September 14, 2012 – Market News
Yesterday, MasterCard Inc. (MA) announced a five-year strategic alliance with the UK’s most dominant communications company, Everything Everywhere. The card processing giant took this step in order to expand its digital payment platform...
30Aug2012 | vitalstocks
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Recently, card processing giant Visa Inc. (V) unveiled an upgraded data security service – Visa Merchant Data Secure. This security service will be knotted with point-to-point encryption (P2PE) technology.
Visa Merchant Data...
27Aug2012 | vitalstocks
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Mastercard Inc. (MA) has joined forces with Rearden Commerce, provider of various business and customer solutions, to offer a brand new personalized website by deploying the latter’s Deem commerce platform. The newly launched website...
21Aug2012 | vitalstocks
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In an effort to tap the emerging contactless payments market, American Express Company (AXP) is moving to EMV (Europay, Mastercard and Visa) chip-based technology. The company plans to begin issuing EMV-compliant cards in the U.S....
10Aug2012 | vitalstocks
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Pledge by the European Central Bank President to “do whatever it takes” to defend the euro sparked off a sharp rally in the US markets. Investors have been weighed down by fresh European debt concerns recently while Spain’s borrowing costs have crossed the ‘unsustainable level’ of...
27Jul2012 | vitalstocks
| Comments Off on (CSCO) Stock Market News for July 27, 2012 – Market News
Markets finally snapped their six day losing streak on Friday after better-than-expected quarterly figures from financial major JPMorgan boosted sentiment. JPMorgan’s earnings beat estimates despite a derivative trading loss of $4.4 billion, and the strong earnings results overshadowed China’s...
16Jul2012 | vitalstocks
| Comments Off on (XLF) Stock Market News for July 16, 2012 – Market News
Markets jumped to post record gains on Friday after the European Union summit reached a “breakthrough” deal promising to stabilize the region’s troubled banks and the lingering debt woes of the region. Benchmarks recorded their best June performance in over a decade, and S&P 500 and Nasdaq...
2Jul2012 | vitalstocks
| Comments Off on (XLF) Stock Market News for July 2, 2012 – Market News
Markets enjoyed back-to-back gains as hopes of coordinated action by central banks boosted investor sentiment all through the day on Friday. G20 sources said central banks might be ready to step in to provide liquidity after gauging the consequences of the Greek elections. Additionally, the Bank of...
18Jun2012 | vitalstocks
| Comments Off on (XLF) Stock Market News for June 18, 2012 – Market News
Investors grew hopeful once again about fresh economic stimulus after Chicago Federal Reserve Bank President Charles Evans spoke in support of such a move, helping markets to end significantly higher. Yesterday’s strong rally washed out all of Monday’s losses with financial and material stocks...
14Jun2012 | vitalstocks
| Comments Off on (XLF) Stock Market News for June 13, 2012 – Market News
In a concerted effort to tap the growing debit card market in Canada, Visa Inc. (V) joins with Air Canada to facilitate its Canadian customers with Visa debit cards with which to purchase Air Canada tickets. The agreement has already...
12Jun2012 | aaroncampbell
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Benchmarks recorded their biggest gains this year following news that leaders were considering ways to boost the flagging economies both here and across the Atlantic. The Atlanta Federal Reserve President spoke of further monetary easing if the U.S. economy continues to suffer and the European economic...
7Jun2012 | vitalstocks
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Markets had their worst day this year on Friday, as they struggled to come to terms with dismal domestic jobs data. The lingering European crisis and a disappointing report on China’s tepid manufacturing sector added to the gloom. The benchmarks had registered one of their best first quarters in...
4Jun2012 | vitalstocks
| Comments Off on (XLF) Stock Market News for June 4, 2012 – Market News
Markets suffered a heavy fall yesterday as political uncertainty in Europe continued and China’s economic health looked gloomier than previously perceived. Financial bellwether JPMorgan’s disclosure that it had suffered a $2 billion trading loss remained an overhang on the markets and dragged...
15May2012 | aaroncampbell
| Comments Off on (XLF) Stock Market News for May 15, 2012 – Market News
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.
26Apr2012 | vitalstocks
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Fears of a global financial slowdown, sparked off by worrying news from Europe and China, battered the markets down on Friday resulting in the benchmarks’ worst week this year. None of the 10 industry groups of S&P 500 could muster a finish in the green, and the index suffered its first set...
16Apr2012 | vitalstocks
| Comments Off on (GDP) Stock Market News for April 16, 2012 – Market News
We are jumping right into the thick of the first quarter reporting cycle this week, with more than 250 companies coming out with results, including 89 companies from the S&P 500.
We will have representation from the who’s who of the corporate world, with a number of bellwether players...
16Apr2012 | vitalstocks
| Comments Off on (C) The Thick of Q1 Earnings Season – Earnings Preview
Visa Inc. (V) has dropped Global Payments Inc. (GPN) from its list of service providers after detecting a cyber intrusion in the latter’s system that likely threatens...
3Apr2012 | vitalstocks
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On a day devoid of major economic events, tepid housing data could do little to bolster the markets and benchmarks ended the day just slightly higher. It was yet another choppy trading session for the benchmarks, which started on a low note and recovered after Apple announced a dividend payout and...
22Mar2012 | vitalstocks
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