4 Financial Stock Stories For a Tuesday Read

MasterCard Incorporated (NYSE:MA): Current price $563.79

On Tuesday, MasterCard Canada said that it will donate $25,000 to Red Cross disaster relief efforts in Alberta, and will double the amount MasterCard employees contribute. MasterCard President Betty K. DeVita commented, “Our hearts go out to everyone in Alberta whose lives, homes and livelihoods have been devastated by the flooding. In the face of disaster, our priorities as community members become very clear. We all need to do what we can to help. It has been heartening to see how Canadians have reached out to provide that help.”

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Fifth Street Finance Corp. (NASDAQ:FSC): Current price $10.03

Fifth Street has announced an amendment of its credit facility with Wells Fargo Bank. The modified facility includes a 25-basis point reduction in pricing to Libor, plus 2.5 percent per annum, with no Libor floor, and added flexibility on terms and eligible collateral.

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CME Group (NASDAQ:CME): Current price $76.40

Analyst Kenneth Worthington at JPMorgan has upgraded CME shares from Underweight to Neutral, because the firm’s interest rate futures unit sees volumes jump on higher volatility, and investor repositioning producing elevated activity levels. However, despite raising his price target on the shares from $52.50 to $72, Worthington remains cautious declining to recommend the stock, given both its valuation and the potential for volatility to stabilize and volumes to normalize. The analyst wrote to clients that “The thought is that while CME volumes have been depressed for some time, they are likely being overstated currently. However, even if CME is over-earning, we don’t see the near-term catalyst for such volatility to wane.”

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Assured Guaranty (NYSE:AGO): Current price $21.15

Flagstar Bancorp  reports that it will pay the bond insurer Assured Guaranty $105 million to resolve a lawsuit accusing it of misrepresenting the quality of loans contained in $900 million worth of mortgage-backed securities. The accord resolves litigation that had caused a Manhattan federal judge ordering Flagstar to pay $106.5 million. This case has been closely monitored by banks that had put together similar troubled securities which had been central to the financial crisis.

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