A new report says consumers nowadays are shifting to more convenient ways to pay for products and services, and this include the use of credit cards. However, rapid advancements in technology pose security threats, thus influencing spending trends.
Four credit services equities are signifcant: Capital One, CIT Group, Equifax and Fifth Street Finance Corp.
Capital One Financial
At the close on Monday, shares in McLean, Virginia headquartered Capital One Financial Corp. saw a slight decline of 0.07%, ending the day at $67.03. The stock recorded a trading volume of 3.42 million shares. The Company’s shares have advanced 5.54% in the last one month and are trading below their 50-day moving average by 0.53%.
Moreover, shares of Capital One Financial, which operates as the bank holding company for the Capital One Bank, National Association; and Capital One, National Association, which provide various financial products and services in the U.S., the U.K., and Canada, have a Relative Strength Index (RSI) of 48.41.
On July 08th, 2016, research firm DA Davidson upgraded the Company’s stock rating from ‘Neutral’ to ‘Buy’, issuing a target price of $76 per share.
On July 28th, 2016, Capital One Financial announced a quarterly dividend of $0.40 per share payable on August 18th, 2016 to stockholders of record as of August 8th, 2016. The company has announced dividends on its common stock every quarter since it became an independent company on February 28th, 1995.
Shares in Livingston, New Jersey headquartered CIT Group Inc. ended the day 1.22% lower at $34.14 and with a total volume of 1.52 million shares traded. In the last month, the stock has gained 6.99%. The Company’s shares are trading above their 50-day moving average by 3.77%. Furthermore, shares of CIT Group, which operates as the holding company for CIT Bank, National Association that provides banking and related services to commercial and individual customers, have an RSI of 52.79.
On July 12th, 2016, CIT Group announced that CIT Real Estate Finance provided a $40.2 million senior secured credit facility to BKM Capital Partners, a real estate investment firm specializing in commercial and industrial real estate. The financing will support the acquisition of Tempe Commerce Park, a 535,979 square foot office and industrial warehouse distribution property located in Tempe, AZ.
On Monday, shares in Atlanta, Georgia headquartered Equifax Inc. finished 0.39% lower at $131.94. A total volume of 692,719 shares was traded, which was above their three months average volume of 688,890 shares.
The stock has advanced 2.76% in the last one month, 9.14% over the previous three months, and 19.16% on an YTD basis. The Company’s shares are trading above their 50-day and 200-day moving averages by 3.17% and 16.03%, respectively. Additionally, shares of Equifax, which provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers, have an RSI of 49.82.
On July 27th, 2016, Equifax reported revenue of $811.3 million in Q2 FY16, a 20% increase from Q2 FY15 on a reported basis. The company reported that diluted EPS attributable to Equifax was $1.08 for Q2 FY16, up 17% from Q2 FY15. Adjusted EPS attributable to Equifax was $1.43, up 24% from Q2 FY15. Net income attributable to Equifax was $130.9 million in Q2 FY16, up 18% compared to Q2 FY15.
On July 29th, 2016, research firm Stifel reiterated its ‘Buy’ rating on the Company’s stock with an increase of the target price to $143 a share from $131 a share.
Fifth Street Finance
Fifth Street Finance Corp.’s shares recorded a trading volume of 705,021 shares at the end of yesterday’s session, which was above their three months average volume of 606,070 shares. The stock closed the day at $5.61, gaining 0.18%. The Company’s shares have advanced 16.96% in the last one month and 8.37% over the previous three months.
The stock is trading above its 50-day and 200-day moving averages by 11.19% and 8.80%, respectively. Additionally, shares of Fifth Street Finance have an RSI at 75.43.
On July 13th, 2016, Fifth Street Finance announced that it plans to report earnings for the quarter ended June 30th, 2016, before the markets open in New York on August 9th, 2016.
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