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Citi CEO: Costco Credit Win Proof Of Commitment To Rebuilding Reputation
Monday, July 31, 2017 - 7:05am | 330Costco Wholesale Corporation (NASDAQ: COST)'s credit card partnership with Citigroup Inc (NYSE: C) is more than a year old, but may be underappreciated by investors, according to Citi CEO Michael Corbat. In fact, when Citi was given exclusive rights to a Costco branded credit card the company...
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Cramer: Vantiv's Acquisition Of Worldplay Deserves More Attention
Thursday, July 13, 2017 - 2:00pm | 405Vantiv Inc (NYSE: VNTV), a U.S.-based provider of payment processing services, acquired U.K-based Worldpay in a deal, which is being under-reported, despite the nearly $10 billion price tag on the acquisition, CNBC's Jim Cramer suggested. Vantiv's proposed acquisition of Worldpay is completely...
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Free Credit Report: Deutsche Bank Likes Capital One, Downgrades Discover
Monday, May 1, 2017 - 9:57am | 608Analysts at Deutsche Bank expressed concerns over the U.S. consumer credit market, but that doesn't necessarily mean there aren't opportunities for investors looking for exposure to credit card providers. Deutsche Bank's David Ho commented in a research report Monday that consumers are still in a "...
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International Efforts Begin To Bear Fruit For American Express
Thursday, April 20, 2017 - 3:41pm | 373Ben Chittenden of Oppenheimer commented in a report that American Express Company (NYSE: AXP)'s first quarter earnings release reinforces the bullish case for owning the stock. Chittenden maintained an Outperform rating on American Express with a $93 price target. The analyst believes the...
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U.S. Credit Card Debt Nears $1 Trillion Record Level
Saturday, May 21, 2016 - 4:28pm | 343Less than a decade after out-of-control mortgage debt nearly dragged down the entire U.S. economy, the Wall Street Journal reports that by the end of 2016, Americans will collectively hold $1 trillion in credit card debt. The all-time peak for national credit card debt was $1.02 trillion in July...
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Should You Play Visa And Mastercard Like You Did Before The Great Recession?
Tuesday, April 12, 2016 - 4:12pm | 293Credit card giants Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA) will likely still be able to grow earnings even if the U.S. economy falls into a recession. Citi analyst Dinad Fandetti stress-tested the two card companies to see how they would perform in a market downturn, and both companies...
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eBay Declares Support For 'Open, Collaborative Approach To Tokenization'
Friday, February 13, 2015 - 4:04pm | 299In a blog post published Friday, eBay Inc (NASDAQ: EBAY) Chief Technology Officer (for its PayPal division), James Barrese, offered a glimpse into the company's effort to protect customer data. As a leader in financial technology and payments, Barrese said that it is important to keep up...
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Barclays Adjusts American Express' Model Downwards Following Costco Divorce
Friday, February 13, 2015 - 11:19am | 216In a report published Friday, Barclays analyst Mark DeVries commented that Costco Wholesale Corporation (NASDAQ: COST) represented a "meaningful" proportion of American Express Company's (NYSE: AXP) business. Following the separation of the two companies, the analyst was forced to change his...
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Guggenheim's David Darst Likes Mastercard's Report
Friday, January 30, 2015 - 11:34am | 141Guggenheim analyst David Darst weighed in on MasterCard Inc's (NYSE: MA) fourth-quarter results that were reported Friday morning. Darst told Benzinga in an email that, overall, he likes the company's report. The analyst points out that the report indicates “renewed strength” in cross border...
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Paper Or Plastic? More Americans Say They Never Carry Cash
Tuesday, May 27, 2014 - 4:24pm | 416Most Americans don't like having credit card debt, but a new survey says over half of U.S. citizens never carry cash, instead relying on credit and debit cards for everyday transactions and purchases. A survey of more than 2,300 American adults by UK-based Vouchercloud.net found 57 percent of...