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Fly News Breaks for March 3, 2020
Mar 3, 2020 | 07:34 EDT
JPMorgan analyst Tien-tsin Huang lowered the firm's estimates for MasterCard (MA), PayPal (PYPL) and Visa (V) to account for the COVID-19 outbreak. As suggested by the recent share weakness, COVID-19 fears have negatively impacted cross-border travel, especially tied to Asia, and to a lesser extent, e-commerce activity, Huang tells investors in a research note. The analyst sees the greatest Q1 earnings "drag" for Visa and Mastercard given their high decremental margins, but he believes both companies can manage expenses and/or stock repurchases to offset at least a portion of it. Nonetheless, Huang keeps Overweight ratings on all three names.
News For MA;PYPL;V From the Last 2 Days
Apr 15, 2021 | 09:40 EDT
Unusual total active option classes on open include: Hewlett Packard Enterprise (HPE), GlaxoSmithKline (GSK), Inovio (INO), Melco Resorts (MLCO), Blackstone (BX), Virgin Galactic (SPCE), Taiwan Semi (TSM), C3 AI (AI), Visa (V), and DocuSign (DOCU).
Apr 15, 2021 | 09:30 EDT
Mastercard announced the appointment of Tim Murphy, the company's general counsel, to the newly created position of chief administrative officer. In this role, he will have oversight of the company's law, franchise and integrity activities, as well as the added management of its people and capabilities function. Richard Verma, executive vice president for global public policy and regulatory affairs, has been promoted to general counsel and head of global public policy. He will now lead the company's core legal and regulatory functions, as well as its global and regional public policy teams.