FBR Capital Raises Price Target to $80 on Visa (V) Following 3Q Results

Visa (V) PT Raised to $85 at Piper Jaffray on Solid Q3

July 24, 2015 6:41 AM EDT

Piper Jaffray analyst Jason Deleeuw reiterated his Overweight rating and boosted his price target on Visa (NYSE: V) to $85.00 (from $80.00) following strong Q3 results.

Deleeuw commented, "Visa beat consensus revenue by nearly 5% and delivered adjusted EPS of $0.74 or $0.62 ex the tax benefit vs.... More

After-Hours Stock Movers 07/23: (AMZN) (P) (V) (SBUX) Higher; (SNSS) (TRUE) (TRIP) Lower (more...)

July 23, 2015 5:59 PM EDT

Sunesis Pharmaceuticals (NASDAQ: SNSS) 60.8% LOWER; announced regulatory updates from its interactions with the European Medicines Agency (EMA) and U.S. Food and Drug Administration (FDA) regarding a potential path toward marketing authorization for vosaroxin as a treatment for acute... More

Market Wrap: Initial Claims Slip to 42-Year Low; Ferrari Revs-up Its IPO; Splitsville for Pearson, FT Group

July 23, 2015 5:34 PM EDT

Market wrap for July 23rd

End of the Day: S&P 500 down 12.0 to 2,102.15; Dow Jones down 119.1 to 17,731.92; Nasdaq down 25.4 to 5,146.41

Market Brief: Several Dow Jones Industrial Components (AmEx, Dow, and Caterpillar) pressured the index following quarterly results issued last night and this morning. News comes following Apple weighing down the Nasdaq on Wednesday following its C3Q15 report.

U.S. initial jobless claims... More

Visa (V) Tops Q3 EPS by 15c

July 23, 2015 4:07 PM EDT

Visa (NYSE: V) reported Q3 EPS of $0.74, $0.15 better than the analyst estimate of $0.59. Revenue for the quarter came in at $3.52 billion versus the consensus estimate of $3.36 billion.

We continue to deliver solid financial results and operating metrics without the help of an improving economic environment. Strong underlying fundamentals continue to offset the drag from geopolitical tension and the strengthening... More

U.S. stocks higher; 3M, Caterpillar weigh on Dow

July 23, 2015 11:34 AM EDT

By Tanya Agrawal

(Reuters) - The Nasdaq composite and the S&P 500 were higher on Thursday after two days of losses, while the Dow Jones industrial average was at a week-low on disappointing results from bellwethers such as 3M (NYSE: MMM) and Caterpillar (NYSE: CAT).

The two stocks, together with American Express (NYSE: AXP), contributed 55 points to the Dow's fall.

Caterpillar shares fell as much as 3.4 percent to a four-year low of $77.03 after the world's largest construction and mining equipment... More

Visa (V) Declares $0.12 Quarterly Dividend; 0.7% Yield

July 22, 2015 4:36 PM EDT

Visa (NYSE: V) declared a quarterly dividend of $0.12 per share, or $0.48 annualized.

The dividend will be payable on September 1, 2015, to stockholders of record on August 14, 2015, with an ex-dividend date of August 12, 2015.

The annual yield on the dividend is 0.7 percent.

For a... More

Trading Radar for 7/23: GM (GM), Visa (V), 3M (MMM), Caterpillar (CAT), Comcast (CMCSA), McDonald's (MCD) Report

July 22, 2015 3:01 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 276kContinuing Claims - Street sees 2.213M

Earnings:

3M Co. (NYSE: MMM) - consensus EPS $2.00
A.O. Smith (NYSE: AOS) - consensus EPS $0.66
ABB Ltd. (NYSE: ABB) - consensus EPS $0.26
AMAG Pharma (Nasdaq: AMAG) - consensus EPS $1.13
Adeptus Health (Nasdaq:... More