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Neutral on TSS Despite FNMS Deal - Analyst Blog
Tuesday, January 18, 2011 - 10:45am | 1022Yesterday, we reiterated our 'Neutral' recommendation on Total System Services Inc. (TSS) given the company's penetration in the merchant acquiring services market, though partially subdued by a negative 2010 earnings outlook. Besides, the ongoing market recovery is regaining the confidence of...
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Stock Market News for Jan 17, 2011 - Market News
Monday, January 17, 2011 - 11:31am | 1522On Friday, markets surged with both the Dow Jones and S&P recording new highs. The S&P ended with seven straight consecutive weeks of gains as banks leading the rally and JP Morgan returned encouraging earnings figures. Rising financial stocks also helped ease worries from a disappointing...
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Stock Market News for Jan 17, 2011 - Market News
Monday, January 17, 2011 - 10:15am | 1522On Friday, markets surged with both the Dow Jones and S&P recording new highs. The S&P ended with seven straight consecutive weeks of gains as banks leading the rally and JP Morgan returned encouraging earnings figures. Rising financial stocks also helped ease worries from a disappointing...
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Friday's Put/Call Ratio Leaders (CEPH, MTG, SLM, BBVA, CECO)
Friday, January 14, 2011 - 1:39pm | 84Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1) Cephalon Inc. (NASDAQ: CEPH) 4,440 puts, 93 calls 2) MGIC Investment Corp. (NYSE: MTG) 3,021 puts, 106 calls 3) SLM Corp. (NYSE: SLM) 41,327 puts, 1,540 calls 4) BBVA Ltd. (NASDAQ:...
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Keefe, Bruyette & Woods Reports On Specialty Finance (ADS, AXP, COF, DFS)
Thursday, January 13, 2011 - 12:46pm | 304Keefe, Bruyette & Woods released an industry update for specialty finance in advance of monthly data reports from American Express, Capital One, Discover Financial, and Alliance Data Systems, expected on Tuesday the 18th. In the report, KBW recapped previous data, examined December's seasonal...
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Dollar Financial Plans Stock Split - Analyst Blog
Tuesday, January 11, 2011 - 9:31am | 402To infuse greater liquidity and extend share distribution, the board of directors of Dollar Financial Corporation (DLLR) has authorized a stock split of its common stock. Accordingly, Dollar Financial has approved a three-for-two split, which will be carried out through a stock dividend issued...
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Dollar Financial Plans Stock Split - Analyst Blog
Tuesday, January 11, 2011 - 9:15am | 402To infuse greater liquidity and extend share distribution, the board of directors of Dollar Financial Corporation (DLLR) has authorized a stock split of its common stock. Accordingly, Dollar Financial has approved a three-for-two split, which will be carried out through a stock dividend issued...
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Credit Card Giants Grow Anxious - Analyst Blog
Monday, January 10, 2011 - 10:31pm | 798While lobbying charges for Visa Inc. (V), American Express Co. (AXP) and Discover Financial Services (DFS) declined for the third quarter of 2010, they rose for MasterCard Inc. (MA). On Friday, Visa and MasterCard reportedly spent $1.1 million and $0.84 million, respectively, during the third...
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Credit Card Giants Grow Anxious - Analyst Blog
Monday, January 10, 2011 - 2:01pm | 798While lobbying charges for Visa Inc. (V), American Express Co. (AXP) and Discover Financial Services (DFS) declined for the third quarter of 2010, they rose for MasterCard Inc. (MA). On Friday, Visa and MasterCard reportedly spent $1.1 million and $0.84 million, respectively, during the third...
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Credit Card Giants Grow Anxious - Analyst Blog
Monday, January 10, 2011 - 1:34pm | 798While lobbying charges for Visa Inc. (V), American Express Co. (AXP) and Discover Financial Services (DFS) declined for the third quarter of 2010, they rose for MasterCard Inc. (MA). On Friday, Visa and MasterCard reportedly spent $1.1 million and $0.84 million, respectively, during the third...
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Credit Card Giants Grow Anxious - Analyst Blog
Monday, January 10, 2011 - 1:34pm | 798While lobbying charges for Visa Inc. (V), American Express Co. (AXP) and Discover Financial Services (DFS) declined for the third quarter of 2010, they rose for MasterCard Inc. (MA). On Friday, Visa and MasterCard reportedly spent $1.1 million and $0.84 million, respectively, during the third...
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Merger Arbitrage Mondays – January 10, 2011
Monday, January 10, 2011 - 6:34am | 4842Merger activity decreased last week with two new deals announced and four deals closing. You can find all the deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 5 Total Number of Pending...
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Dollar Financial Expands in U.K. (revised) - Analyst Blog
Friday, January 7, 2011 - 4:03pm | 608In an attempt to expand its payday lending business in U.K., Dollar Financial U.K. Ltd., a wholly owned U.K. subsidiary of Dollar Financial Corporation (DLLR) has agreed to acquire Purpose U.K. Holdings Limited for $195 million. Purpose is a provider of online payday loans, which operates under the...
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Dollar Financial Expands in U.K. (revised) - Analyst Blog
Friday, January 7, 2011 - 3:31pm | 608In an attempt to expand its payday lending business in U.K., Dollar Financial U.K. Ltd., a wholly owned U.K. subsidiary of Dollar Financial Corporation (DLLR) has agreed to acquire Purpose U.K. Holdings Limited for $195 million. Purpose is a provider of online payday loans, which operates under the...
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Sallie Mae Appoints Remondi President & COO
Thursday, January 6, 2011 - 10:58am | 57SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, announced today that its Board of Directors has appointed John F. Remondi President & Chief Operating Officer. In this newly created role, he will be responsible for the company's loan servicing, information technology, credit and...