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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 134 points (-0.7%) at 17,815 as of Tuesday, July 5, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 682 issues advancing vs. 2,296 declining with 110 unchanged.

The Financial Services industry currently sits down 0.8% versus the Samp;P 500, which is down 0.8%. On the negative front, top decliners within the industry include OneMain Holdings ( OMF), down 7.1%, Principal Financial Group ( PFG), down 4.8%, Navient ( NAVI), down 4.7%, Credit Acceptance ( CACC), down 4.6% and Blackstone Group ( BX), down 4.4%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Bank of New York Mellon ( BK) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Bank of New York Mellon is down $0.84 (-2.2%) to $37.20 on heavy volume. Thus far, 5.3 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $37.02-$37.65 after having opened the day at $37.65 as compared to the previous trading days close of $38.04.

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The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Management and Investment Services. Bank of New York Mellon has a market cap of $41.0 billion and is part of the financial sector. Shares are down 7.7% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate Bank of New York Mellon a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Bank of New York Mellon as a buy. The companys strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Bank of New York Mellon Ratings Report now.

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 134 points (-0.7%) at 17,815 as of Tuesday, July 5, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 682 issues advancing vs. 2,296 declining with 110 unchanged.

The Financial Services industry currently sits down 0.8% versus the Samp;P 500, which is down 0.8%. On the negative front, top decliners within the industry include OneMain Holdings ( OMF), down 7.1%, Principal Financial Group ( PFG), down 4.8%, Navient ( NAVI), down 4.7%, Credit Acceptance ( CACC), down 4.6% and Blackstone Group ( BX), down 4.4%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. ORIX ( IX) is one of the companies pushing the Financial Services industry higher today. As of noon trading, ORIX is up $1.33 (2.1%) to $64.87 on average volume. Thus far, 19,854 shares of ORIX exchanged hands as compared to its average daily volume of 47,300 shares. The stock has ranged in price between $64.86-$65.29 after having opened the day at $65.29 as compared to the previous trading days close of $63.54.

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ORIX Corporation provides financial services. It operates through six segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment engages in lending, leasing, and fee businesses. ORIX has a market cap of $16.6 billion and is part of the financial sector. Shares are down 9.5% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate ORIX a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates ORIX as a hold. The companys strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, poor profit margins and a generally disappointing performance in the stock itself. Get the full ORIX Ratings Report now.

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Letshego Financial Services, the largest entity on the Botswana Stock exchange, is intensifying its focus on inclusive finance and has launched a refreshed brand to reflect is expanded range of new financial offerings.

Launched last week, Letshego said the moves leverages the provisional banking license obtained from the banking regulator, the Bank of Namibia. At the event to announce the change in focus, Head of Corporate Affairs, Ms Mythri Sambasivan-George said In Namibia, Letshego will look to align with the Namibian governments agenda for sustainable socio-economic development. To this end it has committed to support the national Harambe Prosperity Plan.

She explained that the refreshed brand with its newly articulated promise of Lets improve life comes at a time when the group has entered a transformation phase with a number of positive digital developments taking place that will have a sustainable impact on many lives in Africa. She added that Letshego is looking at the provision of more financial services by migrating their operations to a digital platform.



IRVINE, Calif., July 7, 2016 /PRNewswire/ --McGlinchey Stafford LLP is pleased to announce Yaron Shaham has joined the firms Irvine office and Commercial Litigation practice group as Of Counsel.

With more than 15 years of experience practicing law, Yaron defends mortgage lenders and servicers, banks, and influential financial services firms in mortgage and foreclosure-related litigation, bank operation matters, and all aspects of bankruptcy adversary proceedings. His experience includes commercial litigation, lender liability litigation, foreclosure disputes, loss mitigation, lien validity, and priority challenges.



Discover Financial Services (NYSE:DFS)stock is currently trading at about $53.12 and lots of rating firms seem to have a target price set on the stock.  The median 12-month price target of 23 analysts covering the company is $63.00, which suggests the stock could still gain more than 16 percent. The highest analyst price target is $75.00, which implies a gain of 59 percent. And roundups of analyst notes show that 13 are rating the stock a buy while 10 rate DFS a strong buy. There are 6 equity research firms suggesting a Hold and 0 consider it Sell.

Macquarie issued their verdict on Discover Financial Services (NYSE:DFS) recently. The rating firm gave a Neutral rating to this stock in a research note on May 11, 2016.BofA/Merrill analysts issued their verdict on Discover Financial Services (NYSE:DFS) recently. The rating firm gave a Neutral rating to this stock in a research note on Feb 11, 2016. According to a research note published on Jan 14, 2016, analysts at JP Morgan have lowered  their rating on the company stock from Overweight to Neutral.

Discover Financial Services (NYSE:DFS) Insider Activity

Several executives took part in recent insider activity for the stock. Its President amp; COO HOCHSCHILD ROGER C sold 10,000 company shares for $560000.3, in a transaction on 2016-06-01. Following the transaction, the President amp; COO is left with a stake of 1,051,753 shares, currently valued at $55869119. Meanwhile,  EVP Offereins Diane E sold 10,000 shares worth $563000.6, through a transaction dated 2016-06-01. Following the completion of the transaction, the insider is left with a stake of 349,883 shares, amounting $18585785. DFS Chairman amp; CEO ( NELMS DAVID W also sold 15,000 shares, at a stock price of $55.96. This transaction occurred on 2016-06-01 totals $839000.4. After this transaction, the insiders stake stands at 1,788,029 shares, with a market value of $94980100

Insiders own 1% percent of the stock. NELMS DAVID W is one of the largest insider shareholders in Discover Financial Services (NYSE:DFS), according to US Securities and Exchange Commission (SEC) filings. The insider owns 1,787,014 shares which have current market value of around $94926184.HOCHSCHILD ROGER C is another major inside shareholder in the company. The insider owns 875,772 shares as of Jun 1, 2016, currently worth $46521009. OFFEREINS DIANE E is ranked as third insider holder of the stock. This insider holds 348,962 shares with a market value around $18536861 as of recent close.

Discover Financial Services (NYSE:DFS) Earnings Overview

In Discover Financial Services (NYSE:DFS)s most recent quarter, EPS moved to $1.35 from $1.14 in prior quarter and revenues reached at $2,224.00M versus $2,205.00M. Analysts had expected Discover Financial Services (NYSE:DFS) to report earnings of about $1.29 per share on $2,174.30M in revenue.  Looking forward, analysts on average predict that earnings for the current quarter would come in between $1.30 and $1.50. That is compared with the $1.33 in earnings per share it reported during the same period last year.