Goldman Sachs CEO To Present At Credit Suisse Forum in Florida

The Goldman Sachs Group, Inc. (GS) is one of the world’s leading investment bankers, which offers securities and investment management & a wide range of financial services while enjoying a diversified client base.

Goldman Sachs has announced that their Chairman and CEO, Lloyd C. Blankfein, will present at the Credit Suisse 19th Annual Financial Services Forum. The forum will be held on Tuesday, February 13, 2018, at 8:00 a.m. eastern time in Key Biscayne, Florida.

For those unable to make the forum, there will be a live audio webcast available.

To learn more about The Goldman Sachs Group, Inc. (GS) and to continue to track its progress please visit the Vista Partners Goldman Sachs Group, Inc. Coverage Page.

Goldman Sachs | Press Releases – Goldman Sachs to Present at the Credit Suisse 19th Annual Financial Services Forum

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JPMorgan Chase Preferred Stock Dividend Declared

JPMorgan Chase & Co (JPM) is a global financial service leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset management, and commercial banking.

JPMorgan Chase & Co. recently declared dividends on the Firm’s preferred stock.

Preferred Stock Series Distribution (per Preferred Share) Distribution (per Depositary Share)
6.00% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series R

$300.00 $30.00
6.75% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series S

$337.50 $33.75
The dividend will be payable February 1, 2018 to the stockholders recorded as the close of business on January 2, 2018.

To learn more about JPMorgan Chase & Co. (JPM) and to continue to track its progress please visit the Vista Partners JPMorgan Chase & Co. Coverage Page.

Latest Investor Relations Press Release | JPMorgan Chase & Co.

JPMorgan Chase Declares Preferred Stock Dividend..

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Have You Read Vista Partners Weekly Update Market 12-16-17?

Vista Partners has published  “Interesting… Fed’s Up, Markets Up, & Taxes Down?” Your Vista Partners Weekly Market Update 12-16-17 and is accessible on our Newsletters Page. Each issue is written by Managing Director, John Heerdink and speaks to the activities of the market, influencers and specific featured stories from Vista’s Coverage Universe that spans the Dow 30 and Select Emerging Growth Companies.

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Dow Component American Express (AXP) Eliminates Signature Requirements

Dow 30 Component, American Express Company (AXP), and its subsidiaries provide customers and businesses globally with charge and credit payment card products and travel-related services. They look to enrich the lives of their customers and build business success.

American Express recently announced that beginning April 2018, Car Members’ signatures will not be required for any purchase transaction. Currently, American Express already eliminated signature requirements for any transactions under $50 in the U.S.

Eliminating the signature requirement is a step towards simplifying the checkout experience and speeding up the payment process. Due to advancements in technologies such as EMV chips and advanced machine learning algorithms, the need for signatures to detect fraud has declined.

Let us all applaud American Express for their valiant effort in shortening the ever-lengthening lines at the local superstore checkout.

To learn more about American Express Company (AXP) and to continue to track its progress please visit the Vista Partners American Express Coverage Page.

American Express to Provide Additional Flexibility to Merchants By Eliminating Signature Requirements Worldwide

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Interview with Payment Industry Expert Ryan Yuzon “The What, When & Why Regarding Apple Cash”

Apple (AAPL) recently released Apple Cash, a person-to-person payment system that competes directly with PayPal, Venmo, and Zelle.  With a strong market share of smart devices (newer iPhones, iPads, and Apple Watches) in the US, Apple is well positioned to accelerate the adoption of mobile payments.

In a recent interview on the Groundwork Forum Podcast hosted by John Heerdink, Ryan Yuzon shares his views on Episode 6 titled “The What, When & Why Regarding Apple Cash”. Ryan speaks to why the new service will help adoption and usage but does not necessarily represent the “killer app” for mobile payments.

Mr. Yuzon has spent more than 20 years in the payments and financial services industry, working in product innovation for Visa and payments consulting firms Edgar Dunn and RFi in the US and the Asia Pacific.  He has a B.A. in Quantitative Economics from Stanford University and an MBA from MIT Sloan School of Management.

For more early impressions of Apple Cash, see http://mashable.com/2017/ 11/07/apple-pay-cash-is- finally-here/#p9N6FFImEgqZ and https://techcrunch.com/ 2017/11/07/apple-pay-cash- launches-in-beta-today- letting-you-send-and-receive- cash-in-messages/

To learn more about Apple (AAPL) and track its ongoing progress please visit the Vista Partners Apple Coverage Page.

Groundwork Forum Podcast aims to bring together leaders from all disciplines all over the world to join its Global Community to consider new perspectives on key issues; to create a powerful, global network in order to strengthen the influence throughout the world; to draw up innovative and concrete action plans to encourage contribution to society; and to promote diversity in the business world. Send us an email if you’d like to become a contributor: inquiries@vistapglobal.com.




Visa (V) Eyes 2018 FIFA World Cup Russia

Visa (NYSE:V), the world’s leader in digital payments, is the Official Payment Service Partner of FIFA and is eyeing the 2018 FIFA World Cup Russia. Today Visa released travel and spending data for or the 2018 FIFA World Cup as they will enable a cash-free fan experience by implementing point-of-sale terminals that accept a Visa credit or debit card and a range of digital payments. Based on spending trends and insights from Visa, it is projected that Russia will host an additional 300,000 to 500,000 international visitors during the months of June & July 2018, in addition to the baseline average of 4.3M total international visitors.

Ekaterina Petelina, country manager, Visa Russia stated, “As the Official Payment Service Partner of FIFA, Visa is excited for fans all over the world to join us in Russia. From unveiling the latest payment innovations to upgrading payment terminals to allow for contactless cards and digital payments, such as those made via phone or watch, throughout official venues, Visa will continue to elevate the fan experience. Visa provides simple and secure payment options for those in attendance, so they can get back to their seats quickly and focus on the match.”

To learn more about Visa (V) and to track its ongoing progress please visit the Vista Partners Visa (V) Coverage Page.

Visa Readies Digital Payments for the Projected 500,000 Visitors Traveling to Russia for the 2018 FIFA World Cup Russia™

In celebration of the Final Draw for the 2018 FIFA World Cup Russia™, Visa , the Official Payment Service Partner of FIFA, released travel and spending data for the 2018 FIFA World Cup™…

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Visa (NYSE: V) Beats Analyst Q3 Estimates

Visa (NYSE: V) beat analyst Q3 estimates reporting an 11 percent increase in profit for the most recent quarter. Earnings were $2.14B or 90 cents a share. Estimates were  85 cents a share. Visa saw payment volumes rise 9.8% to $1.93 trillion.

Chief Executive Alfred Kelly Jr. stated “Visa ended our fiscal year as we began, with strong growth across payments volume, cross-border volume and processed transactions, which was bolstered by the addition of Visa Europe.”

To learn more about Visa (NYSE: V) and to tracks its progress please visit the Vista Partners Dedicated Visa Coverage Page.

Visa Inc. Fiscal Fourth Quarter and Full-Year 2017 Financial Results

Visa Inc. today announced its fourth-quarter and full-year 2017 financial results through an earnings release that will be furnished with the Securities and Exchange Commission on a Form 8-K and will be available on its Investor Relations website at http://investor.visa.com/sec-filings/default.aspx…

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JPMorgan Chase Reports Q3 Results -$25.3B Revs, NI $6.7B OR $1.76/Sh

Leading global financial services firm with assets of $2.6 trillion & operations worldwide, JPMorgan Chase & Co. (NYSE: JPM), reported Q3 results with $25.3 billion & managed revenue of $26.2 billion & net income of $6.7 Billion (a 7% increase), or $1.76 per share.  Average core loans were up 8%, average deposits of $646 billion were up 9%.

Jamie Dimon, Chairman, and CEO, commented on the financial results: “JPMorgan Chase delivered solid results in a competitive environment this quarter with steady core growth across the platform. And for the first time, the Firm led the nation in total U.S. deposits, as consumers and businesses continue to view us as their partner of choice.”
Dimon added: “In Consumer & Community Banking, card sales and merchant processing volumes were once again up double digits, while loans and deposits continued to grow strongly. In the Corporate & Investment Bank, we continued to lead our peers in Investment Banking fees, and Treasury Services and Securities Services each generated over $1 billion in revenue. Commercial Banking again delivered outstanding performance with record revenue as our long-term investments in the business are paying off. Our Asset & Wealth Management business delivered strong results with record net income and AUM this quarter.”

Dimon concluded: “The global economy continues to do well and the U.S. consumer remains healthy with solid wage growth. Unfortunately, natural disasters in the U.S. and abroad have impacted many of our customers and we have responded with enormous financial support as well as the expertise and generosity of our employees to help these customers, clients, and communities. Building on our success to-date in Detroit, we have announced new initiatives in Chicago and Washington, D.C. to drive inclusive economic growth in those communities. We will be there to do our part. And this is in addition to the $1.7 trillion of credit and capital supplied this year to consumers and small and mid-sized businesses and corporate clients.”

To learn more about JPMorgan Chase (JPM) and to track its progress please visit the Vista Partners Company Dedicated Coverage Page.

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Disney & Chase Renew Co-Branding Relationship!

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (JPM), a leading global financial services firm with assets of $2.6 trillion and operations worldwide. Chase serves nearly half of America’s households with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Customers can choose how and where they want to bank: 5,200 branches, 16,000 ATMs, mobile, online and by phone.

This week, Chase and The Walt Disney Company (DIS) announced a multi-year extension of the Disney Visa Card, Disney Premier Visa Card and Disney Visa Debit Card programs.  This co-branded card program spans approximately 15 years, and it is believed by management that this extension reinforces their shared commitment to bring exceptional rewards and experiences to Card Members.

To learn more about these two Dow 30 components please visit the Dedicated Company Pages located within the Vista Partners Coverage pages. Here are the direct links:  JPMorgan Chase (JPM) & Disney (DIS).

Disney and Chase Renew Co-Brand Card Relationship

Today, Chase Card Services, the leading co-brand credit card issuer in the United States, and The Walt Disney Company announced a multi-year extension of the Disney Visa Card, Disney Premier Visa Card and Disney Visa Debit Card programs…

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A Bank Stock To Watch: West Town Bancorp (WTWB) Completes Acquisition of Sound Banking Company and Private Placement Offering

On Sept. 05, 2017 West Town Bancorp, Inc. (WTWB) (“West Town”), announced the successful completion of its acquisition of Sound Banking Company of Morehead City, NC (“Sound Bank”) thereby further expanding its presence into Eastern North Carolina. West Town will operate as a multi-bank holding company with Sound Bank and West Town Bank & Trust as separately chartered, wholly owned subsidiaries of West Town. With the Sound Bank acquisition, West Town has grown its consolidated assets to approximately $500 million as of the August 31, 2017 closing date.

Additionally, in connection with the acquisition, West Town closed on a private placement of securities to a limited number of institutional and other accredited investors for aggregate gross proceeds to the company of approximately $17.5 million, before fees and expenses. In connection with the closing of the sales, West Town issued 453,490 shares of voting common stock at a per share purchase price of $23.00 and issued 30,738 shares of a non-voting convertible perpetual preferred stock at a per share purchase price of $230.00.

With 2,587,669 shares of common stock outstanding following the transactions, West Town has a market capitalization of $62.6 million based on the closing price of $24.20 per share on Thursday, August 31, 2017.

Eric Bergevin, President and CEO of West Town commented, “We are pleased to complete our acquisition of Sound Bank. Sound Bank’s traditional community banking franchise rooted with a strong core deposit base will complement West Town Bank & Trust’s substantial fee income business driven by its national SBA/USDA lending platform. Additionally, the completion of the private placement positions our company for continued organic growth as well as the flexibility to look at additional acquisition opportunities in the future.”

Phil Collins, President of Sound Bank echoed, “We are excited about becoming part of the West Town organization, which we believe will result in a bigger, stronger, more profitable franchise and allow our customers to benefit from additional products and services.”

About West Town Bancorp, Inc.
West Town Bancorp, Inc., which is headquartered in Raleigh, North Carolina, is a multi-bank holding company registered with the Board of Governors of the Federal Reserve System. West Town operates two banking subsidiaries – West Town Bank & Trust, an Illinois state bank with its main office in North Riverside, IL, and Sound Bank, a North Carolina-chartered bank with its main office in Morehead City, NC. Through its banking subsidiaries, West Town provides banking services and products through its offices in Illinois and North Carolina, including checking, savings, and time deposit accounts and residential mortgage, commercial, and installment loans.

West Town Bancorp, Inc. Completes Acquisition of Sound Banking Company and Private Placement Offering

RALEIGH, N.C., Sept. 05, 2017– West Town Bancorp, Inc., announced today the successful completion of its acquisition of Sound Banking Company of Morehead City, NC thereby further expanding its presence …..

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