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SunTrust Raises Target On Square To $11
Tuesday, March 8, 2016 - 11:50am | 106Read More...Andrew Jeffrey of SunTrust Robinson Humphrey reiterated a Neutral rating on Square Inc (NYSE: SQ), while raising the price target from $9 to $11. "This higher target reflects industry-wide multiple expansion since our initiation and likely n-t revenue upside," Jeffrey explained. The analyst expects...
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Wall Street Tears Up First Data, But Analysts Confident In 2016 Outlook
Wednesday, February 10, 2016 - 2:43pm | 461Read More...The Street smashed First Data Corp (NYSE: FDC) on Wednesday after the payment processor released disappointing fourth-quarter results. The company posted fourth-quarter revenues of $2.96 billion, short of analyst's $2.98 billion figure. However, earnings beat expectations at $0.32 over...
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Everyone's Talking About PayPal's Acquisition Of Xoom
Thursday, July 2, 2015 - 8:31am | 565Read More...eBay Inc (NASDAQ: EBAY)'s PayPal announced on Wednesday that it will acquire Xoom Corp (NASDAQ: XOOM), a company engaged in digital consumer-to-consumer international money transfers, for $890 million or $25 per share. The acquisition represents an approximate 21 percent premium to Xoom...
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No Easy Ending In Sight As Fed Battle Over Debit-Card Transaction Costs Rages On
Friday, January 17, 2014 - 5:45pm | 498Read More...The U.S. Federal Reserve is stuck in fight over debit-card transaction costs between banks and retailers. In a Bloomberg article, reporter Andrew Zajac wrote that the Federal Reserve is in the U.S. Court of Appeals at the commencement of the Durbin appeal today defending the decision to cap swipe...
