|Bid||0.00 x 1200|
|Ask||0.00 x 900|
|Day's Range||106.95 - 108.52|
|52 Week Range||68.45 - 108.57|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||45.50|
|Earnings Date||Oct 29, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||111.90|
Although a faster share price rally on a year-to-date basis leads to a rich valuation for both stocks compared with the benchmark index, Equifax (EFX) is cheaper than FLEETCOR (FLT).
Over the past decade, Square (NYSE:SQ), the financial services and mobile-payments company, has been a fast-growth industry disruptor. From its humble beginnings when it offered a simple way for small vendors to accept credit cards, SQ has now become one of the biggest financial technology (fintech) companies in the world. And the SQ stock price since 2015 has reflected this growth.Source: Shutterstock However, Square stock is off its recent highs, as the shares got penalized following its second-quarter earnings report in August. The current economic and political environment in the U.S. and globally poses plenty of questions for market participants.And the owners of Square stock may have to reset their growth and share price expectations. If Square's revenue growth decelerates, then the price of SQ stock will also go down further. In the coming weeks, I'd be a buyer below $60, especially if it approaches $50.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere's what investors should know before buying into SQ stock. How Square's Q2 Earnings CameSquare reported earnings on August 1 after market close. Notably, the payment-solutions company posted better-than-expected earnings and revenues. Its revenue increased 44% year-over-year to $1.17 billion. * 10 Marijuana Stocks to Ride High on the Farm Bill And on an adjusted basis, earnings were 21 cents per share, beating Wall Street's expectation of 17 cents per share.Square's subscription and services-based revenue also increased 87% to $251 million. This growth has been driven by its Cash App, Square Capital, and Instant Deposit. Analysts were especially impressed with the Cash App whose quarterly revenue came at $135 million.The quarterly report once again confirmed that Square stock is a high-growth equity. Such shares in general are far more volatile than market indices or mature companies. Whenever investors feel growth expectations need to be toned down, they sell the stock first and ask questions later.Investors were especially concerned by the company's lower-than-expected Q3 guidance. Square management projected higher-than-expected losses on the bottom line. And many shareholders have likely felt that for the rest of the year, SQ stock may face a rising tide.On earnings day, Square stock closed at $80.98. The next morning, SQ shares gapped down to open at $70.80. Now the shares are hovering around $64. Square Is Not Yet ProfitableSquare was co-founded in February 2009 by Jack Dorsey, who is also the CEO of Twitter (NYSE:TWTR). This innovative financial services company has expanded quickly, with its unique dongles for mobile phones that enable virtually everyone to accept credit-card payments.The global payments industry is a $100 trillion-plus market. While SQ currently enjoys a head start in serving small businesses, Wall Street has questions about whether it can maintain that growth. If the U.S. economy slows, Square's growth may start to decelerate rather quickly.Furthermore, Square is not yet profitable. Its net loss was $7 million in Q2, compared to a net loss of $6 million in the year-ago quarter. The company has reported net losses in five of the last six quarters.Efforts to attain profitability are taking time. Moreover, not every area Square expands into will necessarily produce easy profits. And unless it increases its revenue, Wall Street may take down the high valuation of SQ stock.For example, during the earnings release, Square announced the surprising sale of its Caviar foodservice platform to DoorDash. Some believe this exit is premature, considering the evenue potential. On the other hand, others believe that this sale enables Square to leave a low-margin business where competition is fierce.Square is now able to partner with DoorDash which has a much larger platform. In other words, it can further integrate its payment processing system to other foodservice platforms. Nonetheless, analysts agree that the surprise factor Caviar's sale has raised eyebrows.Finally, the expansion of Square's ecosystem also means that SQ will face increased competition. Square must now compete with many well-capitalized companies, including the global online-payments company PayPal (NASDAQ:PYPL), transaction-processing leader Visa (NYSE:V) and Fiserv (NASDAQ:FISV), which is shaping up to become a global- payments giant. Technical Charts for SQ Stock Paint a Mixed PictureLet us briefly remember how the Square stock price has acted over the years.Following the initial public offering of Square stock in late 2015, its price surged from $9 to an all-time high of $101.15 in October 2018, as the company became a darling of long-term investors.SQ stock went on a big tear during the summer of 2018, baking in plenty of euphoria. As a result, shares have been weak since reaching its all-time high on Oct. 1, 2018. By late-December 2018, SQ was hovering around $50.In 2019, although SQ stock is up about 15%, August has not been a good month for shares. That's of course due to the weak Q3 guidance.From a technical perspective, I'm not expecting Square stock to make another significant leg up any time soon. In the next few weeks, shares are likely to be rangebound between $60 and $70.Further, SQ stock has strong support between $60 and $65. However, if any negative headlines flash that affect the technology sector or the fintech sector specifically, then shares may easily go below $60.Plus, the daily volatility of Square stock is high, giving it a broad trading range, so short-term traders should proceed with caution. Expect SQ to be choppy at best in the near-term.Square stock will need to stabilize and build a base again before a long-term sustained leg up can occur. Consequently, investors need to be careful about chasing shares at this point. The Bottom Line on Square StockThe fintech app revolution is quickly changing the way traditional banks, credit-card issuers and mobile-payments companies work with businesses as well as with their retail customers. Therefore, over the long term, I would not bet against SQ stock. In the short-term, though, stakeholders shouldn't expect smooth sailing.At the time of writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Can Square Stock Keep Up Its Growth Momentum? appeared first on InvestorPlace.
Fiserv, Inc. (FISV), a leading global provider of financial services technology solutions, announced today that Long Island, New York-based NEFCU has selected Fiserv to help transform the credit union’s member experience and drive innovation in an increasingly digital banking environment. NEFCU, one of the largest credit unions in the region, was driven to work with a Fintech leader to accelerate its business strategies. The credit union selected the DNA® core account processing platform from Fiserv for its ability to integrate other solutions through its open architecture and APIs, and its ability to service all loan types from a single system.
The acquisition is expected to enhance Accenture's (ACN) services related to the rapidly evolving risk environment and cater to U.K. financial institutions.
Bulls got a taste of victory Friday and returned from the weekend wanting more. With stocks jumping over 1% across the board this morning, the backdrop could be set for profitable long trades. Today we'll look at three stocks to buy offering breakout chart patterns.One development emboldening buyers is the weakness finally striking bond prices. It was bound to happen sometime given their meteoric rise and is easing the panic. The past month has seen a mad dash into fixed-income due to pessimism over economic growth and lower inflation expectations.Fortunately, the companies highlighted in today's gallery haven't cared one bit about plunging interest rates or inverted yield curves. They all boast super-strong trends and earnings growth that continues unabated.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Dividend Stocks to Load Up On Behold, three breakout stocks to buy for the week. 3 Breakout Stocks to Buy: Edward Lifesciences (EW)Edwards Lifesciences (NYSE:EW) is a medical equipment company based out of Irvine, California. EW stock price has been virtually untouched during the recent ruckus and popped to a new record high Friday. The culprit for its extraordinary strength is the variable that always allows a stock to buck the general market trend: earnings.If Edwards Lifesciences continues to post record earnings numbers, why should it could up in the trade war and inverted yield curve drama?Source: ThinkorSwim Since its mid-July pole vault, EW stock has spent the last month building a textbook high-base pattern. The consolidation allowed the stock to digest its gains and build a foundation for its next ascent. With Friday's rally to the upper end of its range, an upside breakout looks imminent.Buy the November $220/$240 bull call spread for around $8.30. Fiserv (FISV)Though it hales from a completely different sector, the story behind Fiserv (NASDAQ:FISV) mirrors that of EW. Strong earnings lifted the Wisconsin-based provider of financial services technology to new heights last month, and we've since seen the formation of a textbook high base pattern.Source: ThinkorSwim Broad market weakness prove impotent in knocking FISV stock from its well-deserved perch. The few down days cropping up over the past month haven't been able to push FISV below its rising 20-day moving average. The 50-day and 200-day moving averages are also rising loyally beneath and reflect buyers' dominance across longer time frames. * 15 Growth Stocks to Buy for the Long Haul This morning's up-gap could be the breakout spectators have been waiting for. Buy the October $110/$115 bull call spread for around $1.80. Starbucks (SBUX)The final member of today's trio is Starbucks (NASDAQ:SBUX). It's on pace for a banner year, currently up 50% for 2019. It too has wholly sidestepped the drama playing out in the market. We have seen sporadic down days but nothing powerful enough to breach even the 20-day moving average.And that's saying something given the bloodbath elsewhere.Source: ThinkorSwim The holding pattern seen since last month's mighty earnings gap is a welcome development setting up a more sustainable breakout. While some time may be needed yet before SBUX stock is ready to run again, it's worth putting on your radar now. $100 is the level to watch. Once broken, buyers should come running.Upside call vertical spreads are a low-cost way to play here. Buy the November $100/$105 bull call spread for around $1.60.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 3 Beautiful Breakout Stocks to Buy appeared first on InvestorPlace.
Clean Harbors (CLH) looks well poised on the back of expansive infrastructure, specialized equipment, capital base and customer relationships.
The Atlanta office market is in store for big changes soon, thanks in part to recent mergers and acquisitions, four of which represent more than 2.5 million square feet of pre-merger office space.
The acquisition is expected to enhance Accenture's (ACN) innovation and digital capabilities and boost its growing applied intelligence business.
The Brookfield, Wisconsin-based financial services technology solutions company (Nasdaq: FISV), which has a big office in Lake Mary, initially based its success on the number of employees and spouses who earned an annual incentive, as well as biometric health screening data. "Moving forward, we are using our data warehouse to evaluate the impact of our programs on cost and condition prevalence, said Mauro Pedroza, project manager and wellness champion lead. Some of the firm's more effective wellness programs include: An on-site fitness center A Wellness Champion Network An employee assistance program Guided meditation sessions Relaxation/quiet rooms Fiserv is one of Orlando Business Journal's 2019 Healthiest Employers in the category for companies with 250-499 local employees.
Fiserv (FISV) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Moody's Investors Service ("Moody's") withdrew all the ratings for First Data Corporation (First Data) upon the closing of the acquisition of First Data by Fiserv, Inc. (Fiserv, Baa2 stable) and the repayment of First Data's rated debt instruments.
Warren Buffett, who made a killing on Bank of America (NYSE:BAC) warrants during the crisis of the Great Recession, is putting more of his money to work there, which suggests that Bank of America stock keeps earning his confidence.Source: Shutterstock Buffett's Berkshire Hathaway (NYSE:BRK.A) owned 950 million shares of Bank of America stock at the end of the last quarter, up over 50 million from a previous filing, making it the bank's biggest shareholder with a stake of 10%. Bank of America also bought back $6.5 billion of its shares during the quarter.While Bank of America has been very, very good for Buffett, the stock may not be great for investors seeking capital gains. The shares are down slightly over the last year. But if you're looking for income the 18-cent-per-share dividend on Bank of America Stock yields 2.34% and that payout is up from 12 cents per share two years ago, well supported by dividends.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy With Over 20% Upside From Current Levels Capital Gains?Bank of America recently reported a good second quarter that did take the stock over its level of last July. Net income was $7.3 billion, 74 cents per share, on revenue of $23.1 billion.The stock's not doing better because interest rates remain low and it's expected that the Federal Reserve will soon lower them further. In its earnings report, Bank of America predicted its net interest income will rise just 1% assuming two rate cuts. But it continues to increase its operating leverage, which should mean future dividend increases.The bank manages this trick through automation. It has cut 100,000 jobs over the last decade, creating mobile apps that let customers make deposits and check balances without visiting a branch. The number of its mobile banking users were up 10% in the second quarter, said CEO Brian Moynihan. Analysts like the story and KBW recently upgraded the bank's stock to outperform, predicting a return of over 20%. Digital Banking and BAC StockBut digital banking is a business a lot of people want.With First Data now merged into Fiserv (NASDAQ:FISV), it ended its merchants service agreement with the bank, effective next year. The press release on the split was filled with happy talk, but essentially Fiserv believes it can handle First Data's processing business without Bank of America's help.Digital processing reduces the need for bankers or bank branches while imposing technology debt on any bank with older, more expensive processing equipment. It also opens the market to start-ups like Square (NASDAQ:SQ), which has transformed the payments business by combining transaction processing with other services like loans and accounting.Digital banking lets competitors come into the U.S. market from anywhere, even Europe, with competitive offerings. But digital banking also increases security risks, as shown by the recent breach at Capital One (NYSE:COF) impacting 100 million accounts. Bank of America has responded by increasing its capital budget, adding things like digital debit cards to its mobile app. It is exploring blockchain, to the point where critics in the crypto-currency world have accused it of being a patent troll. The Bottom Line on Bank of America StockBank of America remains a good stock for conservative investors like Warren Buffett because it continues investing in technology and its brand name.As digital banking growth slows amid greater competition, it could also consolidate. Expect Bank of America, with a market cap of $285 billion, second in the industry only to JPMorgan Chase (NYSE:JPM), to be one of those consolidators.Just don't expect spectacular returns. Sellers in mergers get the biggest paydays, and when mergers happen Bank of America will be a buyer. If it can maintain security and keep moving forward this will remain a good stock for income investors. It's your daddy's bank.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in JPM. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Small-Cap Stocks to Buy Before They Grow Up * 7 Stocks to Buy With Over 20% Upside From Current Levels * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post Look to Bank of America Stock for the Dividend, not for Growth appeared first on InvestorPlace.
(Bloomberg) -- Bank of America Corp. said it will end a payments joint venture with First Data Corp. next June when a contract between the two companies expires.The firms will continue to provide delivery of products and services for existing clients through at least June 2023, but will otherwise pursue independent merchant-services strategies next year, Charlotte, North Carolina-based Bank of America said in a statement. The bank said in a filing it expects to take a charge of about $1.7 billion to $2.1 billion in the third quarter related to the planned exit, which won’t affect its capital plan.The separation could free up Bank of America to directly offer retailers the services that come with handling electronic payments, at a time when ventures from Silicon Valley and China are looking to muscle into an industry that collects $108 billion a year from merchants. The battle over payments is prompting longstanding players such as First Data to consolidate, and banks to ponder their own roles. Already, JPMorgan Chase & Co. has proven it’s possible to set out on its own.“Payments are at the core of our business, and this announcement is another step forward in our global strategy to provide companies of all sizes an integrated payment offering,” Mark Monaco, head of enterprise payments at Bank of America, said in the statement.The announcement of the separation comes on the day Fiserv Inc. completed its acquisition of First Data, and three days after shares of both of those companies surged on optimism that negotiations over the Bank of America joint venture would wrap up soon. Fiserv shares fell 1.6% in late trading at 6:43 p.m. in New York.Bank of America is one of First Data’s largest bank partners, and the two companies processed 17.3 billion transactions in 2018, according to trade publication Nilson Report.Jeff Yabuki, chief executive officer of Fiserv, said his company still expects to service a “meaningful proportion” of new merchants onboarded after June 2020, citing conversations with Bank of America. The two companies haven’t signed any agreements, he said.(An earlier version of this story corrected the description of the number of transactions processed in sixth paragraph.)(Adds comment from Fiserv CEO in last paragraph.)To contact the reporters on this story: Lananh Nguyen in New York at firstname.lastname@example.org;Jenny Surane in New York at email@example.comTo contact the editors responsible for this story: Michael J. Moore at firstname.lastname@example.org, David ScheerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Western Union's (WU) Q2 results are likely to reflect lower revenues from its Consumer-to-Consumer segment and earnings dilution from sale of Speedpay business, partly offset by share buyback.
Bank of America Corp said on Monday it would end its electronic payment services joint venture with First Data Corp next June, hours after Fiserv Inc completed its acquisition of the payment processor. U.S. financial technology provider Fiserv announced the acquisition of First Data earlier this year, in a $22 billion all-stock deal. Bank of America said http://investor.bankofamerica.com/phoenix.zhtml?c=71595&p=irol-newsArticle&ID=2405030#fbid=tRUHJC6WQK3 on Monday it and First Data had agreed to provide uninterrupted services to clients of Banc of America Merchant Services through at least June 2023.
Fiserv, Inc. , a leading global provider of financial services technology solutions, announced today that the company will discuss the BAMS joint venture in a live webcast on July 30, 2019, at 9 a.m.
Currency Exchange International, Corp. (CXI.TO) (OTCBB:CURN), a full service foreign exchange technology and services provider, is pleased to announce a new international payments integration with WireXchange®, a wire transfer solution from financial services technology provider Fiserv. The integration provides financial institutions enhanced automation through an efficient end-to-end payment process supported by an experienced, foreign exchange specialist. The integration has officially launched and is now available to financial institutions in the United States.