Company Overview and News

AmEx (AXP) Q1 Earnings Top on Higher Card Member Spending

14h zacks
American Express Company (AXP - Free Report) reported first-quarter 2018 adjusted earnings per share (EPS) of $1.86, beating the Zacks Consensus Estimate by 8.77%. Moreover, the bottom line witnessed a marked 38% year-over-year improvement.
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Synchrony Financial (SYF) Q1 Earnings: What's in the Cards?

2018-04-18 zacks
Synchrony Financial (SYF - Free Report) will release first-quarter 2018 results on Apr 20, 2018, before the market opens. Last quarter, the company delivered a positive earnings surprise of 11.11%.
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Another Own Goal?

2018-04-18 seekingalpha
Much of the US focus is on Chinese efforts to expand in high-tech industries in general and optical networking industries in particular.
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Will Higher Revenues Aid American Express (AXP) Q1 Earnings?

2018-04-16 zacks
American Express Company (AXP - Free Report) is expected to report first-quarter results on Apr 18. The performance is likely to reflect gains from its four strategic focus areas — strengthening leadership in the premium consumer segment; extending leadership in commercial payments and in particular with small and medium-sized enterprises; enhancing its digital platform; and strengthening its global integrated network to provide unique value.
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Why Is MoneyGram International (MGI) Down 16.8% Since Its Last Earnings Report?

2018-04-16 zacks
A month has gone by since the last earnings report for MoneyGram International Inc. (MGI - Free Report) . Shares have lost about 16.8% in that time frame.
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Walmart Heats Up War With Amazon: How Are Others Placed?

2018-04-11 zacks
Walmart Inc.’s (WMT - Free Report) latest contract with Postmates is likely to intensify the online grocery delivery competition among retailers — which was largely triggered by Amazon’s (AMZN - Free Report) takeover of Whole Foods Market last year. Ever since the e-commerce biggie’s intrusion into the grocery space, retailers, particularly Walmart, have been making constant attempts to stay firm in the game.
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Ant Financial said to be in talks to raise US$10b in Temasek-led IPO

2018-04-11 scmp
Ant Financial is hoping to raise at least US$10 billion in a funding round that could make the Chinese payments giant controlled by Alibaba Group the world’s biggest start-up, according to sources familiar with the matter.
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Ant said in talks to raise US$10b in Temasek-led funding

2018-04-11 themalaymailonline
A logo of Ant Financial is displayed at the Ant Financial event in Hong Kong, China November 1, 2016. — Reuters picSINGAPORE, April 11 — China’s Ant Financial is seeking to raise at least US$10 billion (RM38.6 billion) in a funding round that could make the payments giant controlled by Alibaba-founder Jack Ma the most valuable startup in the world, according to people familiar with the matter.
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China's Ant Financial plans to raise funds at US$150 billion valuation ahead of initial public offering

2018-04-10 scmp
Appetite among US investors has been strong this year for tech sector debuts by Dropbox, Spotify and Zscaler, easing concerns raised by the fall in Snap Inc’s shares last year.
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Temasek Is in Talks on Ant Funding of Over $10 Billion - Bloomberg

2018-04-10 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
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China's Ant ups fundraising target, valuation could hit $150 billion: sources

2018-04-10 reuters
(Reuters) - China’s Ant Financial Services Group is in talks with investors to raise at least $8 billion in its next planned round of funding, potentially valuing the company at about $150 billion ahead of an expected stock market floatation, people with knowledge of the plan said.
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Alibaba Stock Fell Last Week Due to Overall Market Weakness

2018-04-10 marketrealist
Alibaba (BABA) stock fell 8.7% last week, which ended April 6, 2018, to close at $169.87. The stock has generated returns of 55% in the last 12 months and -10.6% in the last month after rising almost 97% in 2017. The stock is now trading 56% above its 52-week low of $108.84 and 18% below its 52-week high of $206.20.
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China’s Ant Financial aims for $9 billion in new funding: Report

2018-04-10 livemint
Bengaluru: Chinese billionaire Jack Ma’s online payments business Ant Financial now plans to raise $9 billion in its next planned round of funding, potentially valuing the company at $150 billion ahead of an expected stock market flotation, the Wall Street Journal reported on Tuesday.
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UPDATE 3-China's Ant ups fundraising target, valuation could hit $150 bln -sources

2018-04-10 reuters
* Temasek likely to participate as lead investor in fundraising (Changes sourcing, adds details, Temasek investment plans)
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Temasek is said in talks on Ant Financial funding of over $10 billion

2018-04-10 livemint
Hong Kong: Ant Financial is in talks to raise at least $10 billion in a funding round that could value the Chinese internet giant controlled by Alibaba-founder Jack Ma at $150 billion, according to people familiar with the matter.
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CUSIP: 60935Y208