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With E-Commerce Shift Underway, BofA Has High Expectations For PayPal's Q2
Monday, July 13, 2020 - 12:49pm | 443Read More...Paypal Holdings Inc (NASDAQ: PYPL) shares were trading higher on Monday after a BofA Securities analyst predicted the payment company will deliver a "big beat" in the second quarter. The PayPalAnalyst: Jason Kupferberg reiterated a Buy rating on PayPal with a price target...
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BofA Downgrades Western Union On Valuation, Says Visibility Limited
Wednesday, June 10, 2020 - 10:28am | 380Read More...Although shares of The Western Union Company (NYSE: WU) have significantly outperformed the S&P500 since early April, visibility into the company’s performance through 2020 and 2021 remains limited, according to BofA Securities. The Western Union Analyst BofA’s Jason Kupferberg...
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Square Faces Risk From Struggling Smaller Businesses, BofA Says In Double Downgrade
Monday, May 18, 2020 - 10:53am | 378Read More...Shares of Square Inc (NYSE: SQ) have gained around 28% year to date. Although the gradual reopening of the U.S. economy may be an incremental positive for brick-and-mortar merchants, small- and mid-sized companies have yet to witness a trough in churn, according to BofA Securities....
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Analysts React To Square Earnings: 'A Tale Of Two Ecosystems'
Thursday, May 7, 2020 - 12:29pm | 495Read More...Square Inc (NYSE: SQ) shares rocketed higher by 11% on Thursday after the company reported losses that more than doubled in the first quarter of 2020. Square reported a first-quarter adjusted earnings per share loss of 24 cents, missing analyst expectations of a 13-cent profit. However, revenue of...
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Street Remains Bullish On Visa Following Coronavirus Guidance Cut
Tuesday, March 3, 2020 - 12:40pm | 556Read More...Visa Inc (NYSE: V) shares traded slightly lower Tuesday after the company said Monday afternoon that it expects to take between a 2.5% and 3.5% revenue hit from the coronavirus in the fiscal second quarter. The filing comes after payments competitors Mastercard Inc (NYSE: MA) and Paypal Holdings...
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7 Tech Stocks To Sell Today
Friday, February 28, 2020 - 1:45pm | 1090Read More...Coronavirus fears have investors searching for ways to get defensive by dialing back exposure to the volatile market. The decade-long bull market has expanded valuations, especially in the tech sector. Many tech companies have bloated balance sheets and negative cash flow and may struggle in an...
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Bank Of America Initiates Fiserv Bullish, Says First Data Deal Has Strategic Rationale
Tuesday, December 3, 2019 - 1:55pm | 251Read More...Fiserv Inc’s (NASDAQ: FISV) all-stock merger with First Data has significant strategic rationale as it offers cross-selling opportunities, while also making sense financially, according to Bank of America Merrill Lynch. The Finserv Analyst BofA's Jason Kupferberg initiated...
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Wall Street Weighs In On Square Earnings, Cash App And More
Thursday, November 7, 2019 - 11:11am | 780Read More...Square Inc (NYSE: SQ) traded higher on Thursday after the company topped third-quarter EPS and revenue estimates and raised its full-year revenue and EPS guidance. The new EPS guidance range for the fourth quarter came up short of consensus analyst estimates. In addition to reporting earnings...
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Analysts Stay Bearish On Western Union Despite New 52-Week Highs
Friday, November 1, 2019 - 2:00pm | 557Read More...The Western Union Company (NYSE: WU) reported third-quarter results, which sent the stock to a new 52-week high. The Analysts Morgan Stanley analyst James Faucette maintains at Underweight with a $20 price target. Citi analyst Ashwin Shirvaikar maintains at Sell, unchanged $20.50. Bank of America...
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BofA Downgrades ADP, Sees Only 7% Upside Potential
Wednesday, September 11, 2019 - 1:28pm | 375Read More...The bullish case for Automatic Data Processing (NASDAQ: ADP) can no longer be justified after the stock's notable outperformance versus the S&P 500 index over the past 18 months, according to Bank of America Merrill Lynch. The Analyst Jason Kupferberg downgraded ADP from Buy to...
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Bank Of America Cuts Square Target Due To Questions About 2020 Guidance
Wednesday, September 11, 2019 - 9:39am | 441Read More...Square Inc (NYSE: SQ) has taken a pounding in recent weeks and is now down 32% overall in the past year. Despite some impressive growth potential, one analyst said Wednesday slowing revenue trends and rising competition are keeping him on the sidelines when it comes to Square. The Analyst Bank of...
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PayPal Analysts Not Too Concerned About Executive Change
Friday, June 21, 2019 - 12:39pm | 390Read More...Paypal Holdings Inc (NASDAQ: PYPL) announced Thursday COO Bill Ready will leave the company at the end of 2019 to "pursue entrepreneurial interests" elsewhere. BofA: 'Not Devastating' Ready joined PayPal in 2013 as part of the acquisition of Braintree, Bank of America's Jason...
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Is Square Still Hip? Street Weighs In After Outlook Disappoints
Thursday, May 2, 2019 - 1:10pm | 991Read More...Square Inc (NYSE: SQ) reported first-quarter results that came in better than expected, but management's second-quarter guidance missed on the top- and bottom-line. Here is a summary of how some of the Street's top analysts reacted to the print and outlook. The Analysts Bank Of America...
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Sell-Side Weighs In On PayPal: Growth Story Intact, Venmo Impressive
Thursday, January 31, 2019 - 2:30pm | 445Read More...PayPal, Inc. (NASDAQ: PYPL) stock tumbled more than 4.5 percent Thursday after the company reported a decline in quarterly profit. PayPal earned 69 cents per share in the fourth quarter, slightly ahead of analyst estimates of 67 cents. Net income for the quarter was $584 million, down from $...
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Despite Expectations For A 'Solid' Q4 Print, BofA Says Mastercard No Longer A Buy
Tuesday, January 8, 2019 - 12:25pm | 442Read More...Credit card company Mastercard Inc (NYSE: MA) is expected to report a "solid" fourth quarter on Jan. 31, but the company faces a "very challenging" 2019, according to Bank of America Merrill Lynch. The Analyst Analyst Jason Kupferberg downgraded Mastercard ...
















