In an effort to boost its shareholder value, the board of directors of Heartland Payment Systems (HPY), approved a new share buyback program. As per the authorization, the company will be able to repurchase up to $75 million worth...
6Jun2013 | vitalstocks
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Lockheed Martin Corp. (LMT) turned out to be the major beneficiary of the 20 contracts, worth $717.7 million, handed out by the Department of Defense (DoD) very recently. Indeed the company secured four contracts that comprised nearly...
23May2013 | vitalstocks
| Comments Off on (LMT) Lockheed Martin Wins Four in a Row
Visa Inc.’s (V) fiscal second-quarter (ended Mar 31, 2013) operating earnings of $1.92 per Class A common share were modestly ahead of the Zacks Consensus Estimate of $1.81. Additionally, the result substantially exceeded the prior-year...
2May2013 | vitalstocks
| Comments Off on (V) Visa’s Earnings Shine – Raises Outlook
Grading the Q1 Earnings Season
We have crossed the halfway mark in the Q1 earnings season, with results from 271 S&P 500 companies already out (as of Friday, April 26th). Please note that these 271 companies are more than just 54.2% of the index’s total membership –...
2May2013 | vitalstocks
| Comments Off on (PFE) Grading the First Quarter Earnings Season – Earnings Preview
On Mar 5, we reiterated our Neutral recommendation on Visa Inc. (V) based on its improving product portfolio and operating leverage that partly mitigate the regulatory challenges. However, higher expenses and competition raise caution.
13Mar2013 | vitalstocks
| Comments Off on (V) Visa Stays at Neutral
In an effort to benefit retailers, epay, a Division of Euronet Worldwide, Inc. (EEFT) has entered into a partnership with Europe’s WorldPay. Operating in over 40 countries, WorldPay a provider of merchant accounts offers payment...
15Jan2013 | aaroncampbell
| Comments Off on (EEFT) Euronet Worldwide Division epay Allies with WorldPay
In today’s world, companies strive to remain focused on functions and activities that are close to their core competence and where they enjoy competitive advantages. But they still need to perform a host of other functions in today’s complex marketplace. This need opens the door for providers...
3Dec2012 | vitalstocks
| Comments Off on (IPG) Business Services Stock Outlook – December 2012 – Industry Outlook
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
| Comments Off on (PAY) VeriFone Systems to Upgrade PayLife System
Earlier this week, Visa Inc. (V) announced a 50% hike in its quarterly dividend to the holders of its class A, B and C equity shares. Consequently, the company will pay a quarterly dividend of 33 cents per share, up from 22 cents paid...
11Nov2012 | vitalstocks
| Comments Off on (V) Visa Hikes Dividend by 50%
Raytheon Company (RTN) said that it has been awarded a contract for low-rate initial production (LRIP) of active electronically scanned array (AESA) radar systems for the U.S. Air Force. The radar systems would be used in The...
9Oct2012 | vitalstocks
| Comments Off on (RTN) Raytheon Gets Air Force Contract
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
| Comments Off on (MA) MasterCard Strengthens mCommerce
Yesterday, Euronet Worldwide Inc. (EEFT) announced the expansion of its portfolio of Independent ATM Deployed (IAD) networks to Spain and Italy. This has further cemented the company’s position as the fastest-growing Independent...
9Oct2012 | vitalstocks
| Comments Off on (EEFT) Euronet Worldwide Expands to Spain and Italy
We are reiterating our Neutral recommendation on Total System Services Inc. (TSS) based on the current sustainability factor. Although the company has been witnessing improvement in gaining significant contracts over the past few quarters,...
5Oct2012 | vitalstocks
| Comments Off on (TSS) Total System Services Remains Neutral
Bank of America Corporation (BAC) is testing a new mobile payment technology in collaboration with Boston-based Paydiant, a mobile wallet and mobile payment platform, according to a Reuters report. BofA is currently using the new technology...
1Oct2012 | 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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Markets added modest gains yesterday as investors were buoyed by a possible favorable outcome of the Fed policy meet and German court’s key decision if the nation can help the troubled neighbors. Despite the nature of modest gains, they were enough to lift the Dow to its highest level since 2007....
12Sep2012 | vitalstocks
| Comments Off on (XLF) Stock Market News for September 12, 2012 – Market News
The growth of the Aerospace and Defense industry depends largely on the spending outlook of government departments, with the U.S. defense budget being the primary driver. The U.S. is the world’s largest aerospace and defense market, and also home to the world’s largest military budget. The industry...
31Aug2012 | vitalstocks
| Comments Off on (GD) Aerospace and Defense Stock Overview – August 2012 – Zacks Analyst Interviews
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
| Comments Off on (MA) MasterCard Inks 5-Year Deal in UK
Recently, Discover Financial Services (DFS) announced a partnership with eBay Inc.’s (EBAY) PayPal under which the latter’s customers will have access to Discover’s...
28Aug2012 | vitalstocks
| Comments Off on (DFS) Discover Partners with PayPal
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
| Comments Off on (V) Visa Ensures Higher Data Security
According to Bloomberg, Bank of America Corporation (BAC) will shell out $738 million as compensation to retailers for a lawsuit alleging the company, along with other card companies, of charging excess debit and credit card fees....
21Aug2012 | vitalstocks
| Comments Off on (BAC) Bank of America Pays $738 Million in Merchant Lawsuit
Last week, a federal Judge provided preliminary approval to JPMorgan Chase & Co’s. (JPM) $100 million settlement pertaining to a class-action lawsuit filed by upset credit card holders over violations of credit card terms. The...
14Aug2012 | vitalstocks
| Comments Off on (JPM) JPMorgan Chase & Company Gets Nod for $100 Million Settlement
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
| Comments Off on (AXP) American Express Company Embracing EMV Chip-based Technology
On Tuesday, JPMorgan Chase & Co. (JPM) agreed to settle a credit card lawsuit by paying $100 million in damages. This class-action lawsuit was filed by the cardholders, irked by the company’s decision to increase minimum monthly...
29Jul2012 | vitalstocks
| Comments Off on (JPM) JPMorgan Chase & Company Settles $100M Credit Card Suit
• Shares of Visa Inc. (NYSE:V) rose 3.7% yesterday, a day after it reported third quarter earnings per share of $1.56, beating the Zacks Consensus Estimate of $1.45
• Exxon Mobil Corporation (NYSE:XOM)...
27Jul2012 | vitalstocks
| Comments Off on (V) Company News for July 27, 2012 – Corporate Summary
Last week, credit card giants MasterCard Inc. (MA) and Visa Inc. (V) entered into a formal agreement with the Federal Court of Brooklyn to settle a multi-state US merchant...
16Jul2012 | vitalstocks
| Comments Off on (MA) Mastercard and Visa Settle $7.25Billion Merchant Suit
We are reiterating our Neutral recommendation on Total System Services Inc. (TSS) based on the current sustainability factor. Although the company has been witnessing improvement over the past few quarters, risks related to operating...
11Jul2012 | vitalstocks
| Comments Off on (TSS) Total System Services Analyst Maintains Neutral on Shares
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
| Comments Off on (V) Visa Eyes Canadian Expansion
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 $16 billion from 33 investment...
18May2012 | vitalstocks
| Comments Off on (MS) Facebook Public Trading Debuts Today on NASDAQ
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 confirmation that last month’s...
28Apr2012 | vitalstocks
| Comments Off on (HUM) Attention Shifts to Jobs – Earnings Preview