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V

Visa

$75.96

-1.3561 (-1.75%)

12:34
12/01/16
12/01
12:34
12/01/16
12:34

Visa to acquire CardinalCommerce; financial terms not disclosed

Visa announced an agreement to acquire CardinalCommerce. The acquisition will enable more secure, seamless payments, whether made through a browser, mobile app, or connected device, and will help Visa's clients and merchant partners accelerate digital commerce, the company said. Cardinal will continue to operate and serve all of its clients as a wholly-owned subsidiary of Visa, and its authentication platform will continue to support a broad range of payment brands and partners across the industry. Co-founders Tim Sherwin and Chandra Balasubramanian will remain as leaders of the Cardinal team, based in Mentor, Ohio. Financial terms of the transaction are not disclosed. The transaction, which is subject to the customary closing conditions, is expected to close in Visa's second fiscal quarter 2017.

V Visa
$75.96

-1.3561 (-1.75%)

10/25/16
10/25/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. T-Mobile (TMUS) downgraded to Buy from Conviction Buy at Goldman with analyst Brett Feldman citing recent share outperformance. 2. Under Armour (UA) downgraded to Market Perform from Outperform at William Blair with analyst Sharon Zackfia saying the company's investments will constrain earnings growth to the mid-teens through 2018. 3. Visa (V) downgraded to Neutral from Buy at Guggenheim. 4. Sonic (SONC) downgraded to Market Perform from Outperform at Telsey Advisory and to Equal Weight from Overweight at Stephens. 5. VF Corp. downgraded to Neutral from Overweight at JPMorgan, to Neutral from Buy at Citi, and to Hold from Buy at Deutsche Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/15/16
JEFF
11/15/16
NO CHANGE
JEFF
Jefferies sees attractive entry points for Payments stocks
Payments stocks Visa (V), MasterCard (MA), PayPal (PYPL), Global Payments (GPN), Vantiv (VNTV) have been big underperformers since Election Day as investors rotate into core Financials, Jefferies analyst Jason Kupferberg tells investors in a research note. The corrections of up to 10% are not warranted fundamentally, the analyst contends. Kupferberg sees attractive entry points at current levels and highlights PayPal and Visa as his top picks.
11/22/16
JEFF
11/22/16
NO CHANGE
JEFF
Buy
Visa pullback on new U.S. debit routing policies an overreaction, says Jefferies
Jefferies analyst Jason Kupferberg said he views the pullback in Visa shares following the company's new U.S. debit routing policies as an overreaction and recommends buying amid today's weakness. Visa could lose some U.S. PIN debit market share, but even in a worst-case scenario the analyst doesn't see any more than a "very low single-digit" EPS impact, he tells investors.
12/01/16
RBCM
12/01/16
NO CHANGE
RBCM
MasterCard to benefit from innovations, says RBC Capital
RBC Capital analyst Daniel Perlin expects the proliferation of tokens, push payments and Internet of Things to accelerate the growth of MasterCard into 2020. He estimates that these technologies could increase the company's revenue by $6B-$12B by 2020. Perlin expects the company's growth rate to accelerate going forward, He keeps a $115 price target and an Outperform rating on the shares.

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IBM

IBM

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SNAP

Snap

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Snap fires roughly two dozen employees, Cheddar reports »

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Syndicate
PAVmed files to sell common stock, no amount given »

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Insulet

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Dexcom

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Recommendations
Insulet, Dexcom, TNDM, Medtronic analyst commentary  »

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Insulet

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Dexcom

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TNDM

TNDM

MDT

Medtronic

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General news
Breaking General news story  »

Cleveland Federal Reserve…

IBM

IBM

$169.12

0.47 (0.28%)

17:39
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Earnings
Breaking Earnings news story on IBM »

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TTD

Trade Desk

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Initiation
Trade Desk initiated  »

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TWTR

Twitter

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Facebook

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Snap user metrics being put into question by Mashable, Muddy Waters »

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Twitter

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Facebook

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SNAP

Snap

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TWTR

Twitter

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Twitter analyst commentary  »

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IBM

IBM

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Breaking Hot Stocks news story on IBM »

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IBM

IBM

$169.12

0.47 (0.28%)

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Earnings
IBM sees Q1 EPS 17%-18% of $13.80 FY expectation, consensus $2.28 »

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ZG

Zillow

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Zillow

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Downgrade
Zillow, Zillow rating change  »

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AXP

American Express

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Hilton

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American Express 'excited' about co-brand partnership with Hilton and Marriott »

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Hilton

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MAR

Marriott

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APRN

Blue Apron

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Breaking Hot Stocks news story on Blue Apron »

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IBM

IBM

$169.16

0.68 (0.40%)

17:29
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IBM says SaaS margins continue to expand, but not at scale »

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MLNX

Mellanox

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People's United

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On The Fly: After Hours Movers »

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Mellanox

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People's United

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GWGH

GWG Holdings

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CRBP

Corbus Pharmaceuticals

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IBM

IBM

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AXP

American Express

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AXP

American Express

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American Express says capital ratios are now below levels forecast in 2017 CCAR »

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SFNC

Simmons First National

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Simmons First National announces two-for-one stock split »

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FNB

F.N.B.

$14.15

-0.15 (-1.05%)

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F.N.B. raising minimum hourly wage to $15 by end of 2019 »

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FORD

Forward Industries

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Forward Industries to acquire Intelligent Product Solutions »

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