HALISTER1: PayPal DOJ Subpoenas ‘More of a Headline Risk,’ JPMorgan Says

PayPal DOJ Subpoenas ‘More of a Headline Risk,’ JPMorgan Says

(Bloomberg) -- DOJ subpoenas PayPal received requesting information about anti-money laundering program are “more of a headline risk,” JPMorgan analyst Tien-tsin Huang (overweight) writes in note.
  • Risk to PYPL is relatively smaller than peers given digital focus and less dependence on third-party agents
  • Question is whether PYPL needs to “beef up” compliance program, but this may not be necessary given the substantial compliance investments to date
  • Separately, PYPL’s increases to cross-border pricing (involving U.S.-based buyers or sellers) yesterday are positive; estimates 5c-10c benefit to FY17 EPS, though this is likely included in guidance
  • PYPL 34 buys, 15 holds, 2 sells, avg PT $47: Bloomberg data
  • NOTE: Jan. 19, Western Union to Pay $586m Over Failure to Stop Fraud
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
PYPL US (PayPal Holdings Inc)

People
Tien-Tsin Huang (JPMorgan Chase & Co)

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UUID: 7947283

HALISTER: Viacom 1Q Adj. EPS Beats Est.

Viacom 1Q Adj. EPS Beats Est.

(Bloomberg) -- Viacom 1Q adj. EPS $1.04, est. 84c (range 78c-$1.04)
  • 1Q rev. $3.32b, est. $3.18b (range $3.06b-$3.35b)
  • 1Q Filmed Entertainment rev. $758m, est. $658.2m (Bloomberg News)
  • 1Q Filmed Entertainment Adjusted Operating Loss of $180m
  • 1Q Media Networks Adjusted Operating Income of $987m
  • 1Q Media Networks rev. $2.59b
  • Total Debt Outstanding $12.30b at Dec. 31, '16
NOTE:
  • 15 buys, 21 holds, 3 sells before today
  • Call 8:30am (NY time), 800-289-0743
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
VIAB US (Viacom Inc)

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UUID: 7947283

HALISTER: Yum 4Q Rev. Misses Est.

Yum 4Q Rev. Misses Est.

(Bloomberg) -- Yum 4Q rev. $2.02b, est. $2.04b (range $1.92b-$2.16b)
  • 4Q Worldwide comp. sales +1%, est. +2.1% (Consensus Metrix, average of 17)
    • 4Q KFC comp. sales +3%, est. +3.1%
NOTE:
  • 12 buys, 16 holds, 2 sells before today
  • Call 8:15am (NY time), 877-815-2029 pw 24322927
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
YUM US (Yum! Brands Inc)

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UUID: 7947283

HALISTER: Coca-Cola 4Q Comparable EPS Matches Est.

Coca-Cola 4Q Comparable EPS Matches Est.

(Bloomberg) -- Coca-Cola 4Q comparable EPS 37c, est. 37c (range 35c-39c)
  • 4Q adj. operating rev. $9.38b, est. $9.15b (range $8.83b-$9.34b)
  • 4Q unit case volume change -1%
NOTE:
  • 10 buys, 16 holds, 3 sells before today
  • Call 9am (NY time), 800-369-8491
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
KO US (Coca-Cola Co/The)

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UUID: 7947283