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Mastercard and Visa Tick Lower On Rumors Durbin Amendment Could Be Delayed (MA, V)
Wednesday, March 30, 2011 - 2:52pm | 93Mastercard and Visa Tick Lower On Rumors Durbin Amendment Could Be Delayed (NYSE: MA) (NYSE: V). Chatter is circulating that a Democrat from MT is not receiving enough support for the amendment. This article may include mentions of rumors, chatter, or unconfirmed information. Readers should...
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Broadridge Ticks Higher On Dealreporter Rumor (BR)
Wednesday, March 30, 2011 - 1:47pm | 22Broadridge (NYSE: BR) Ticks Higher On A Dealreporter Rumor Regarding Interest In The Company.
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Calls Purchased on The Western Union Company (WU)
Wednesday, March 30, 2011 - 1:04pm | 137Shares of The Western Union Company (NYSE: WU) are higher on the session by 0.09%, currently trading at $21.21. The stock has been moving largely higher over the past four months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short...
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Visa, Mastercard Up On News Fed Will Miss Deadline (V, MA)
Wednesday, March 30, 2011 - 8:38am | 219Shares of Visa (NYSE: V) and Mastercard (NYSE: MA) are up in pre-market trading on news that the Federal Reserve will miss a April 21 deadline on the Durbin amendment, writes Reuters. Federal Reserve Chairman Ben Bernanke wrote a letter yesterday to lawmakers that the Fed would not meet the...
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Oppenheimer Reports On BR Management Meetings
Wednesday, March 30, 2011 - 8:33am | 79Oppenheimer has issued a report following meetings with the management of Broadridge Financial Solutions (NYSE: BR). According to the report, "BR remains well positioned and could earn nearly $2.00/share in FY13. Although event-driven and trade-related revenues remain soft, the company continues...
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J.P. Morgan Reports GPN F3Q Preview
Wednesday, March 30, 2011 - 8:26am | 142J.P. Morgan has issued a preview for Global Payments (NYSE: GPN) F3Q11 results that will be reported March 31. According to the report, "We note GPN shares have underperformed the S&P 500 by 130bps and 70bps since February 18th (market peak) and March 16th (relative low), respectively. In...
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Duncan-Williams Gives Earnings Preview On Global Payments Inc
Wednesday, March 30, 2011 - 7:55am | 193Global Payments (NYSE: GPN) is scheduled to report its F3Q11 results on Thursday March, 31 after the close and hold a conference call at 5pm EST. Duncan Williams expects the company to report normalized EPS of $0.65, cash EPS of $0.72, revenues of $441.6mn, and an operating margin of 18.7%. Duncan...
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Top 4 Mid-Cap Stocks In The Information & Delivery Services Industry With The Highest Cash (DST, NLSN, MORN, FDS)
Wednesday, March 30, 2011 - 1:00am | 133Below are the top mid-cap information & delivery services stocks on the NYSE and the NASDAQ in terms of cash. DST Systems Inc (NYSE: DST) had $546.40 million in total cash and $1.21 billion in total debt for the latest quarter. Nielsen Holdings NV (NYSE: NLSN) had $421.00 million in total...
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CSC Names Jose Jimenez Chief Diversity Officer
Tuesday, March 29, 2011 - 8:01am | 20CSC (NYSE: CSC) has named Jose Jimenez chief diversity officer, effective April 2, 2011.
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Deutsche Bank Maintains Hold on Western Union (WU)
Tuesday, March 29, 2011 - 8:00am | 138Deutsche Bank is out with its report today on Western Union (NYSE: WU), maintaining Hold. In a note to clients, Deutsche Bank writes, "Overall vols should be positive, but Mexico/Gulf could weigh on sentiment nearterm. Proactive approach to cost savings under new leadership is notable, but mkt...
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Google, Citigroup, Mastercard Setting Up Android Payment System (GOOG)
Monday, March 28, 2011 - 9:19am | 107Google (NASDAQ: GOOG), Citigroup (NYSE: C) and MasterCard (NYSE: MA) are working together to set up a mobile payment system for Android phones, Reuters reports. The new technology will allow consumers to wave their Android phones in front of a small reader at the checkout counter to make payments...
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Visa Inc. Announces to Deposit $400M into Litigation Escrow Account
Monday, March 28, 2011 - 8:09am | 142Visa Inc. (NYSE: V) today announced that the Company had decided to deposit $400 million into the litigation escrow account previously established under the Company's retrospective responsibility plan. The deposit will be conducted in accordance with the Company's certificate of incorporation...
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Duncan-Williams Reports DST Systems' Updated Valuation Framework Supports Buy Rating
Monday, March 28, 2011 - 7:40am | 93According to Duncan-Williams, DST Systems' (NYSE: DST) updated valuation framework supports its Buy Rating. Duncan-Williams reported that it continues to believe that DST shares remain undervalued trading at just 4.7x on an enterprise value/11E EBITDA basis. “In this report, we have updated our...
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Morgan Stanley Updates On MA-GOOG-C-PAY Venture
Monday, March 28, 2011 - 7:38am | 119Morgan Stanley has issued a report on the venture forming between MasterCard Inc. (NYSE: MA), Google (NASDAQ: GOOG), Citigroup (NYSE: C) and Veriphone Systems (NYSE: PAY). According to Morgan Stanley, "While we continue to believe that cracking the mobile puzzle will be difficult and take some...
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Wells Fargo Morning Summary (BLC, CAG, KEY, STI, ACN, GIB, ORCL, FITB, PNC, RIMM, PAYX)
Friday, March 25, 2011 - 10:19am | 164Wells Fargo is initiating coverage on Belo Corp. (NYSE: BLC) with an Outperform rating. It is raising estimates on ConAgra Foods (NYSE: CAG), KeyCorp (NYSE: KEY), SunTrust Banks (NYSE: STI), Accenture (NYSE: ACN), CGI Group (NYSE: GIB) and Oracle (NASDAQ: ORCL). It is lowering estimates on Fifth...