All Posts Tagged With: "V"
(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 quarter. Earnings per share surged 29.4%, while net income attributable...
25Jan2012 | vitalstocks | 0 comments | Continued(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 and delinquency rates for November 2011, implying a favorable credit quality. Delinquency rates… Accordingly, the delinquency rate, indicating...
17Dec2011 | vitalstocks | 0 comments | Continued(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 the third quarter of 2011. However, Visa’s close rival, MasterCard...
6Dec2011 | vitalstocks | 0 comments | Continued(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 provider in the US with seven years of experience. Besides the collaboration,...
5Dec2011 | vitalstocks | 0 comments | Continued(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, publisher of Nebraska’s principal daily newspaper. The deal would add the World-Herald, six other daily newspapers and...
2Dec2011 | vitalstocks | 0 comments | Continued(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 effciently across Africa. Accordingly, the MoU will help MasterCard...
1Dec2011 | vitalstocks | 0 comments | Continued(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 fiscal fourth quarter 2011 (ended September 30, 2011) operating earnings of...
1Dec2011 | vitalstocks | 0 comments | Continued(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. (WU) – to offer consumer-friendly prepaid card service across the latter’s multiple non-US...
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, significantly ahead of both the Zacks Consensus Estimate of 91 cents and...
30Nov2011 | vitalstocks | 0 comments | Continued(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 under pressure to drop debit card fee as some of its rival companies including...
3Nov2011 | vitalstocks | 0 comments | Continued(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 activities range from account set up to card production, inventory...
2Nov2011 | vitalstocks | 0 comments | Continued(V) Card Giants Ease Over Fed Rulings
Lobbying charges for Visa Inc. (V), American Express Co. (AXP), MasterCard Inc. (MA) and Discover Financial Services (DFS) witnessed a decline for the second quarter of 2011, reflecting reduced anxiety over financial overhaul reforms. All the card giants lobbied the federal government...
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 the debit interchange fee (proposed by the Durbin Amendment) takes effect...
3Oct2011 | vitalstocks | 0 comments | Continued(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 of the Zacks Consensus Estimate of $4.20 and $3.50 in the year-ago quarter....
11Sep2011 | vitalstocks | 0 comments | Continued(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 its new customers. This is an attempt on Wells Fargo’s part to reduce...
6Sep2011 | vitalstocks | 0 comments | Continued(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 by strong top-line growth in the quarter. Operating Performance Non-GAAP earnings per...
3Aug2011 | vitalstocks | 0 comments | Continued(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 popular Falcon II® AN/VRC-104(V)(3) radio systems operate between...
14Jul2011 | vitalstocks | 0 comments | Continued(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....
6Jul2011 | vitalstocks | 0 comments | Continued(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 escrow account in order to fund its litigation costs. Besides, this was created...
30Jun2011 | vitalstocks | 0 comments | Continued(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 Omnium LLC, a leading hedge fund administrator, from Citadel. The acquisition...
29Jun2011 | vitalstocks | 0 comments | Continued(WMT) Sleepers in the E-Commerce Boom
by Justin Dove, Investment U Research Tuesday, June 28, 2011 E-commerce is one of the few areas of constant growth in the United States these days. It’s the reason Wal-Mart (Nasdaq: WMT) wants to unseat Amazon (Nasdaq: AMZN) as the leader in online retail sales. Check out...
28Jun2011 | InvestmentU | 0 comments | Continued(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 Zacks Consensus Estimate of $4.10 and $3.46 in the year-ago quarter. Results...
24Jun2011 | vitalstocks | 0 comments | Continued(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 provides financial software to banks, fund managers and traders and has a predominantly...
24Jun2011 | vitalstocks | 0 comments | Continued(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 consumers...
22Jun2011 | vitalstocks | 0 comments | Continued(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 quarter is 66 cents per share, representing about 100% growth over...
22Jun2011 | vitalstocks | 0 comments | Continued(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 now. According...
16Jun2011 | vitalstocks | 0 comments | Continued(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 regulatory premises. Moreover, this new revenue-generating platform...
15Jun2011 | vitalstocks | 0 comments | Continued(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 of $110 million. The transaction is expected to be marginally dilutive...
11Jun2011 | vitalstocks | 0 comments | Continued(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 Systems Command, Patuxent River, Maryland, awarded the contract to Raytheon. The...
5Jun2011 | vitalstocks | 0 comments | Continued(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 subsidiary of Citigroup (C) and Mastercard Inc. (MA), eBay Inc (EBAY) and...
29May2011 | vitalstocks | 0 comments | Continued