The Zacks Analyst Blog Highlights: Total System Services, Bank of America, The Royal Bank of Scotland Group, BancorpSouth and Pfizer

Zacks

For Immediate Release

Chicago, IL – July 23, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Total System Services, Inc. (TSS), Bank of America Corporation (BAC), The Royal Bank of Scotland Group plc (RBS), BancorpSouth, Inc. (BXS) and Pfizer Inc. (PFE).

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Here are highlights from Friday’s Analyst Blog:

 

Total System Extends BofA Ties

In a bid to further consolidate its year-long business ties, Total System Services, Inc. (TSS) has entered into an agreement with Bank of America Corporation (BAC) to provide its consumers processing services related to its credit card portfolio in the U.S. While most of the provisions remain undisclosed, it has been announced that the tenure of the services will be at least six years.

 

The company also declared that it expects to conclude the conversion of Bank of America’s consumer card portfolio from its in-house processing system by June 2014. The agreement allows Bank of America to use the TS2 software, the payment for which will be met over the long term.

 

Per the agreement, Bank of America will have access to Total System’s core payments engine, TS2, together with the right to use various customized processing solutions.  The utilization of these services under the guidance of skilled personnel will ensure the smooth address of issues related to risk and financial management and will be beneficial to Bank of America.

 

The new agreement is in furtherance of a previous accord between the companies, under which, Total System processed small and other commercial business cards of Bank of America on its TS2 platform. In 2010, Bank of America extended its long-term contract for merchant and other card processing services through a new joint venture.

 

Overall, Total System’s contract portfolio received a boost in 2012 when it attained processing contracts from renowned banks like Royal Bank of Scotland, a unit of The Royal Bank of Scotland Group plc (RBS), BancorpSouth, a unit of BancorpSouth, Inc. (BXS) and other banks of such stature. 

 

Total System is scheduled to release its second quarter results after the closing bell on July 24. The Zacks Consensus Estimate for earnings for the quarter is currently pegged at 32 cents per share, representing an estimated year-over-year increase of 13.1%.

The company currently retains a Zacks #2 Rank, which translates into a short-term Buy rating. We maintain a long-term Neutral recommendation on the stock.



Lyrica Court Win for Pfizer

Pfizer Inc. (PFE) recently received good news with the United States District Court for the District of Delaware upholding the company’s patent for Lyrica. Lyrica is approved for several indications including the management of post-herpetic neuralgia, diabetic peripheral neuropathy and fibromyalgia.

 

The Court upheld the composition of matter patent and pain and seizure use patents. Based on this favorable decision, Lyrica should be protected from genericization through December 30, 2018 in the US, unless the generic challengers file and win an appeal.

 

Lyrica accounts for a major part of Pfizer’s revenues with 2011 sales coming in at $3.7 billion. The product continues to perform well and we believe Lyrica has the most potential within Pfizer’s current product suite. It has experienced a very strong ramp since its introduction and we expect the strong growth to continue with label expansions.

 

 

 

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Read the analyst report on TSS

Read the analyst report on BAC

Read the analyst report on RBS

Read the analyst report on BXS

Read the analyst report on PFE

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