-
Visa, Mastercard Both Sharply Higher
Friday, July 1, 2011 - 2:18pm | 80Just a couple of days after the Federal Reserve announced that the limit on debit card fees were more generous than anticipated, shares of Visa (NYSE: V) and Mastercard (NYSE: MA) are printing higher again today, up around 3% respectively on the day. At last check, shares of Mastercard were up $10...
-
Convergys Announces That the Sale of Its Minority Interests in the Cellular Partnerships to AT&T Has Closed
Friday, July 1, 2011 - 10:56am | 215Convergys Corporation (NYSE: CVG) announced today that the sale of its interests in the cellular partnerships in the Cincinnati metropolitan area to AT&T for approximately $320 million in cash has closed. Convergys expects to announce second-quarter results in early August and will update...
-
Stocks to Watch for 07/1/11: Fresh 52 Week Highs and Lows
Friday, July 1, 2011 - 4:16am | 2869Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session: 1) Walter Investment Company (NYSE: WAC): Shares of Walter Investment hit a 52-week...
-
Citi Reiterates Buy on Fiserv
Thursday, June 30, 2011 - 10:07am | 42Citi reiterated its Buy rating on Fiserv (NASDAQ: FISV). At the moment, Citi has a price target of $75 placed on the company's stock. In today's trading, Fiserv added 0.63% to its value to stand around $62.20.
-
Goldman Sachs Reiterates Neutral on Fiserv
Thursday, June 30, 2011 - 9:38am | 44Goldman Sachs reiterated its Neutral rating on Fiserv (NASDAQ: FISV). At the same time, Goldman has a price target of $60 placed on the company's stock. In today's trading, Fiserv lost 0.21% of its value to trade around $61.68.
-
Citi Says Buy Fiserv
Thursday, June 30, 2011 - 9:01am | 25Citi Investment Research says buy shares of Fiserv, Inc. (NASDAQ: FISV). Shares of FISV closed at $61.81 yesterday.
-
UPDATE: Wedbush Raises PT on Mastercard to $280
Thursday, June 30, 2011 - 8:45am | 91Wedbush is out with its report today on Mastercard (NYSE: MA), raising its PT from $258 to $280. In a note to clients, Wedbush writes, "Increasing price target to $280 from $258 and maintain NEUTRAL rating. Our target represents a 14x multiple on our EPS estimate, a 15% discount to our long-term...
-
UPDATE: Wedbush Raises PT on Visa to $80
Thursday, June 30, 2011 - 8:19am | 81Wedbush is out with its report today on Visa (NYSE: V), raising its PT from $73 to $80. In a note to clients, Wedbush writes, "Increasing price target to $80 from $73 and maintain NEUTRAL rating. Our target represents a 14x multiple on our EPS estimate, a 5% discount to our longterm growth...
-
J.P. Morgan Maintains Neutral on Fiserv
Thursday, June 30, 2011 - 7:49am | 130J.P. Morgan is out with its report today on Fiserv (NASDAQ: FISV), maintaining Neutral. In a note to clients, J.P. Morgan writes, "FISV announced it is acquiring CashEdge, an FI-centric payments provider, for $465M (6.2x 2012E revenue) in cash. The deal is expected to be neutral on a non-GAAP...
-
JP Morgan Still Prefers MasterCard Over Visa as Fed Debit Rules Prove to be Much Better Than Feared
Thursday, June 30, 2011 - 7:40am | 175The “highly anticipated and debated Fed rules on debit surprised on the upside yesterday and should be viewed as a victory for Visa (NYSE: V) and MasterCard (NYSE: MA) shares,” JP Morgan wrote in a report today. “Consensus was finally right to be optimistic the fourth time around as the Fed (1)...
-
Morgan Keegan Discusses Impact Of Durbin Amendment On Visa
Thursday, June 30, 2011 - 7:36am | 136Morgan Keegan is out with a research report on Visa (NYSE: V), as the final rules of the interchange cap fee were set yesterday. It has an Outperform rating and a $100 price target on shares. In a note to clients, Morgan Keegan writes, "Indirect impact to Visa and MasterCard (through increased...
-
Wedbush Raises PT On Visa To $80
Thursday, June 30, 2011 - 6:52am | 26Wedbush Securities has raised the price target on Visa (NYSE: V) from $73 to $80 and maintains its Neutral rating.
-
Wedbush Raises PT On MasterCard To $280
Thursday, June 30, 2011 - 6:50am | 26Wedbush Securities has raised the price target on MasterCard (NYSE: MA) from $258 to $280 and maintains its Neutral rating.
-
Water Balloon Toss 06-29-2011
Wednesday, June 29, 2011 - 6:58pm | 994Cusick's Corner Today's action was like watching a fast paced water balloon toss competition (a great Fourth of July game). There will be quite a bit of data released over the next 12 hours that has the potential to add some volatility and the most notable releases are manufacturing data out of...
-
Fiserv Agrees to Acquire CashEdge for $465M
Wednesday, June 29, 2011 - 4:16pm | 61Fiserv, Inc. (NASDAQ: FISV) today announced that it entered into a definitive agreement to acquire CashEdge Inc. for $465 million. The acquisition is expected to accelerate Fiserv's digital payments and channel strategies. Fiserv expects that the transaction will be neutral to adjusted earnings per...