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Management At American Express Has A Plan To Tackle Its Competitive Pressures
Friday, September 9, 2016 - 2:24pm | 311KBW maintains its Market Perform rating on American Express Company (NYSE: AXP) after management, in meetings with the brokerage, displayed increased conviction that its strategy remains an optimal position. "Overall, thematically the focus was on the long-term positioning for American Express in...
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Visa's Updated April Volume Numbers 'Should Help To Sooth Some Concerns,' Says KBW
Tuesday, May 24, 2016 - 7:43am | 254The updated April volume numbers from Visa Inc (NYSE: V) "should help to soothe some of the concerns around the recent softness in sales numbers from a number of large retailers," according to a note from Keefe, Bruyette & Woods. Visa said its U.S. payments volume grew 10 percent in April...
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KBW Reviews AmEx Q4 Earnings, Downgrades To Market Perform
Friday, January 22, 2016 - 7:54am | 254Shares of American Express Company (NYSE: AXP) have declined 27.3 percent over the past year, reaching a low of $62.64 on Thursday. Sanjay Sakhrani of Keefe, Bruyette & Woods has downgraded the rating on the company from Outperform to Market Perform, while lowering the price target from...
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Springleaf Holdings Will Outperform Market, KBW Says
Tuesday, October 6, 2015 - 8:39am | 286Springleaf Holdings Inc (NYSE: LEAF) shares have declined 6 percent since July 6, trading below the $48 mark since the first week of August. Keefe, Bruyette & Woods analyst Sanjay Sakhrani upgraded the rating for the company from Market Perform to Outperform, while raising the price...
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KBW: Card Stocks To Watch This Morning
Tuesday, October 6, 2015 - 7:35am | 402Heartland Payment Systems, Inc. (NYSE: HPY) shares have gained 10 percent in the past one month, while shares of Vantiv Inc (NYSE: VNTV) are up 4 percent during the same time. Keefe, Bruyette & Woods’ Sanjay Sakhrani downgraded the ratings on the companies from Outperform to Market...
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KBW Analysts Discuss Mobile Payments
Tuesday, April 7, 2015 - 3:01pm | 252In a report published Tuesday, Keefe, Bruyette & Woods analyst Sanjay Sakhrani discussed mobile payments following the Transact 15 (Electronic Transactions Association) conference in San Francisco. "While there is a lot of buzz around mobile payments, it remains a work in progress given the...
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KBW: MasterCard-Citigroup Deal Will Give A 'Decent Tailwind'
Wednesday, March 4, 2015 - 4:18pm | 238Keefe, Bruyette & Woods commented on Mastercard Inc (NYSE: MA) Wednesday and maintained an Outperform rating and $109 price target. Analysts, led by Sanjay Sakhrani, discussed the deal between MasterCard and Citigroup Inc (NYSE: C), in which the two companies expanded a "10-year global...
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Here's What Analysts at KBW Have to Say About eBay's January Comps
Tuesday, February 10, 2015 - 1:33pm | 276ChannelAdvisor on Monday released eBay's (NASDAQ: EBAY) January same-store sales data which according to Sanjay Sakhrani of Keefe, Bruyette & Woods were somewhat mixed. EBay's total same-store sales grew 6.8 percent in January, which compares to a 5.8 percent growth in December, 9.8 percent...
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Keefe, Bruyette & Woods Says Cyber Five Sales Are 'Encouraging'
Tuesday, December 2, 2014 - 12:36pm | 263Keefe, Bruyette & Woods commented on ChannelAdvisor’s sales report after it “released complete data for all five of the major Cyber shopping days of the season.” According to analyst Sanjay Sakhrani, the Cyber Five SSS were “in-line with industry performance”...
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KBW: Visa's 10-K Filing Contains Several 'Interesting Items'
Friday, November 21, 2014 - 12:33pm | 238Sanjay Sakhrani of Keefe, Brueyette & Woods found several interesting items in Visa Inc's (NYSE: V) 10-K report filed on Friday. Sakhrani notes that the Consumer Financial Protection Bureau (CFPB) dropped its inquiry into how the company converted U.S. cardholder's foreign...
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KBW: Apple Pay Issuer Contract Reveals Pricing and Network Authority
Monday, November 3, 2014 - 11:39am | 248Sanjay Sakhrani of Keefe, Bruyette & Woods looked in to Apple Inc.'s (NASDAQ: AAPL) new payment system, Apple Pay. In a note published on Friday, Sakharni stated that Apple Pay terms and conditions were “in-line” with expectations, but several notable points need to be...
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Keefe, Bruyette & Woods Comments On eBay Q3 Results
Thursday, October 16, 2014 - 10:11am | 192Keefe, Bruyette & Woods maintained an Outperform rating and $65 price target on eBay Inc (NASDAQ: EBAY) in a report issued Thursday. Analysts led by Sanjay Sakhrani lowered "2014 EPS estimate to $2.95 (from $2.97) to reflect slower growth at eBay as well as f/x headwinds, but are...
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Keefe, Bruyette & Woods Is Not Entirely Surprised By eBay Inc Separation Announcement
Tuesday, September 30, 2014 - 9:58am | 169In a report published Tuesday, Keefe, Bruyette & Woods analyst Sanjay Sakhrani reiterated an Outperform rating and $65.00 price target on eBay Inc (NASDAQ: EBAY). In the report, Keefe, Bruyette & Woods noted, “We are not entirely surprised by the separation announcement given investor...
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UPDATE: Keefe, Bruyette & Woods Initiates Coverage On Synchrony Financial On Unique Investment Opportunity
Tuesday, September 9, 2014 - 7:22am | 142In a report published Tuesday, Keefe, Bruyette & Woods analyst Sanjay Sakhrani initiated coverage on Synchrony Financial (NYSE: SYF) with an Outperform rating and $31.00 price target. In the report, Keefe, Bruyette & Woods noted, “We are initiating coverage of SYF with an Outperform rating...
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UPDATE: Keefe, Bruyette & Woods Initiates Coverage On Ally Financial On Multiple Positive Factors
Tuesday, May 20, 2014 - 9:50am | 112In a report published Tuesday, Keefe, Bruyette & Woods analyst Sanjay Sakhrani initiated coverage on Ally Financial (NYSE: ALLY) with an Outperform rating and $30.00 price target. In the report, Keefe, Bruyette & Woods noted, “We are initiating coverage of Ally with an Outperform rating...