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AmEx to Buy Loyalty Partner - Analyst Blog
Friday, December 17, 2010 - 3:33pm | 789Boosting its international presence, American Express Co. (AXP) (AmEx) announced yesterday its intention to purchase Loyalty Partner, a premier German marketing services organization well known for its loyalty program, for €496 million (US $660 million). The deal is expected to culminate by the...
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AmEx to Buy Loyalty Partner - Analyst Blog
Friday, December 17, 2010 - 3:13pm | 789Boosting its international presence, American Express Co. (AXP) (AmEx) announced yesterday its intention to purchase Loyalty Partner, a premier German marketing services organization well known for its loyalty program, for €496 million (US $660 million). The deal is expected to culminate by the...
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Visa Up, Mastercard Down (V, MA)
Friday, December 17, 2010 - 2:23pm | 149After the drubbing that both Visa (NYSE: V) and Mastercard (NYSE: MA) took yesterday, it's interesting to note the divergence in share prices today. Visa is up around 1.5% today, while Mastercard continues to get hit, down 0.8%. Yesterday, the Federal Reserve enacted that interchange debit card...
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American Express to Eliminate Foreign Currency Transaction Fees on U.S. Platinum, Centurion Cards
Friday, December 17, 2010 - 1:32pm | 58American Express (NYSE: AXP) said today that it will eliminate foreign currency transaction fees for U.S. consumer and small business Cardmembers who make international purchases with their Platinum Cards or Centurion Cards. The company expects the new benefit to be effective towards the end of the...
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J.P. Morgan Neutral On Discover Financial (DFS)
Friday, December 17, 2010 - 11:42am | 90J.P. Morgan Chase & Co. has a Neutral rating and a $18 price target on shares of Discover Financial (NYSE: DFS). In a note sent to clients, J.P. Morgan writes, "We are maintaining our Neutral rating and $18 December 2011 price target on shares of DFS. We do not believe normalized return...
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Debit Card Names Rebounding Pre-Market (MA, V, AXP)
Friday, December 17, 2010 - 9:44am | 93The debit/credit card related names are modestly rebounding this morning, after being hit hard yesterday from the Durbin Bill. Shares of Mastercard (NYSE: MA), Visa (NYSE: V), American Express (NYSE: AXP) are all rebounding this morning, with Mastercard and Visa up a little over 1%. Shares of...
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Discover Beats Zacks Estimates - Analyst Blog
Thursday, December 16, 2010 - 3:00pm | 1090Discover 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 a net loss of $77.9 million or 14 cents per share, excluding an after-tax gain of...
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Discover Beats Zacks Estimates - Analyst Blog
Thursday, December 16, 2010 - 2:30pm | 1090Discover 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 a net loss of $77.9 million or 14 cents per share, excluding an after-tax gain of...
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AmEx Buys European Loyalty Program for $660M
Thursday, December 16, 2010 - 11:54am | 40Credit card company American Express (NYSE: AXP) said it was purchasing European marketing firm Loyalty Partners for about $660 million in a bid to expand its card usage in international markets.
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AmEx Buys European Loyalty Program for $660M
Thursday, December 16, 2010 - 11:54am | 40Credit card company American Express (NYSE: AXP) said it was purchasing European marketing firm Loyalty Partners for about $660 million in a bid to expand its card usage in international markets.
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Discover Financial Services Beats Estimates With $346.5 Million Profit (DFS)
Thursday, December 16, 2010 - 9:57am | 253Riverwoods, Illinois-based Discover Financial Services (NYSE: DFS) on Thursday morning released financial results that easily beat Wall Street earnings expectations. Discover Financial Services reported 4th quarter net income of $346.5 million, or 64 cents per share, compared to a net loss of $59.2...
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Discover Financial Services Reports Fourth Quarter EPS of $.64
Thursday, December 16, 2010 - 9:31am | 201Discover Financial Services (NYSE: DFS) today reported net income for the fourth quarter of 2010 of $350 million, as compared to net income of $353 million for the fourth quarter of 2009. Discover card sales volume was $23 billion in the quarter, an increase of 6% from the prior year. Net...
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American Express to Acquire Loyalty Partner for $660M
Thursday, December 16, 2010 - 9:02am | 106American Express Company (NYSE: AXP) today announced it will acquire Loyalty Partner, a marketing services company best known for the loyalty program it operates in Germany, Poland and India. The purchase, which is subject to regulatory approval, is expected to close in the first quarter of 2011....
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Earnings Preview: Discover (DFS)
Wednesday, December 15, 2010 - 4:15pm | 70Discover Financial Services (NYSE: DFS) is down a few cents today in front of earnings tomorrow. Analysts expect the financial services company to report earnings of 42 cents on revenues of $1.63 billion. This would be a decline of about 8.5% from the year ago period. Discover Financial Services...
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American Express November Write-Off Rate At 4.4% (AXP)
Wednesday, December 15, 2010 - 12:41pm | 32American Express (NYSE: AXP) reports November U.S. Managed Net write-off rate was 4.4% vs 4.7% in October. November loans 30 days past-due were 2.2% vs 2.3% in October.