Category: Consumer Credit Cards

Analyst Notebook: RF (NYSE:RF)

The company?'s Consumer Bank segment provides consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards, and other consumer loans, as well as …

Broker Changes For Regions Financial Corporation (NYSE:RF)

… including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit

Regions Financial Corporation (NYSE:RF) Updated Broker Ratings

… including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit

CNB Financial Co. (CCNE) Issues Quarterly Earnings Results

On the ratings front, analysts at Zacks upgraded shares of CNB Financial Co. from a sell rating to a hold rating in a research note on Tuesday, June 23rd.

CNB Financial Corporation Inc is a financial holding company. The Company provides a range of banking and related services through its wholly owned subsidiary, CNB Bank (NASDAQ:CCNE). These solutions encompass checking, savings, time and deposit accounts, Private Banking, loans and lines of credit (real estate, commercial, industrial, residential and consumer), credit cards, cash and wealth management, online banking, electronic check deposit, merchant credit card processing, on-site banker, accounts receivable handling, ACH origination and payroll processing. In addition, the Corporation provides trust services, retirement plans and other employee benefit plans. ERIEBANK is a division of CNB Bank with seven locations, which house its commercial, retail, investment and Private Banking divisions. FCBank is the new division of CNB Bank with eight full service locations, which feature retail, commercial, and Private Banking divisions.

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6 Ways To Ensure Your Small Business Can Get The Best Loan

Small businesses provide 55% of all jobs, and 66% of all net new jobs since the 1970s.Although access to credit remains vital to small businesses across the country, obtaining credit became increasinglydifficult after the 2008 financial crisis. Small businesses now have many more options to obtain loans, thanks to the growth of marketplace lenders and the expanding risk appetite of credit card issuers. If you own a small business and want access to affordable credit, you need to make sure you are prepared. Following these tips will make iteasier for you to get approved for a loan at a lower interest rate.

All of these tips have one thing in common. Lenders want to see that you treat your business as a serious and separate entity from your personal finances. Far too many people do not have the discipline to separate their personal finances from their business finances. If you are not willing to do it, most banks and lenders will not be willing to work with you.

1. Set Up The Appropriate Legal Vehicle For Your Business

When you apply for a loan, the first place many lenders look is at the legal status of your business. If you don’t create the necessary legal structure for your business, you will likely find it very difficult to find a lender willing to work with you.Most small businesses decide tocreate an LLC, an S-Corp or a combination of the two. Once you decide which legal vehicle makes the most sense for you, it is relatively easy to incorporate online. Websites likeThe Company Corporation have been doing this for years. Once you create your entity, you will be able to obtain your EIN, which is like a Social Security number for your small business. Just as your Social Security number is used to build your personal credit history, your EIN can be used to build a credit history for your business.

2. Start Building Your Small Business’ Credit History With A Credit Card

Once you have a legal entity and an EIN, you can apply for a small business credit card. With most small business cards, you are personally liable. And the underwriting is largely driven by your personal creditworthiness. That is why you will need to provide both your EIN and your Social Securitynumber when you apply. But, once approved, you will be building your small business credit history.

Small business credit cards offer a number of benefits. Like consumer credit cards, you do not pay interest if you pay your statement balance in full each month. So, you are effectively given a 25-day free line of credit that can be used as working capital. The best small business cards offer rewards. You can easily earn 2% or more cash back on your business expenses. And a small business card can help make sure that you segregate your personal spending from your business spending. Whether your are applying for credit for your business or trying to get through an IRS audit, a small business card can help you keep track of business spending and business expenses. Just make sure you don’t co-mingle your accounts.

There aresome of the risks associated withsmall business credit cards. Although risk-based re-pricing is no longer legal with consumer cards, it remains perfectly legal with small business cards. That means credit card companies can increase the interest rate on your credit card at any time, including on existing balances. While small business cards can be great tools for managing your spending, they can get expensive if you need to borrow. In addition, you remain personally liable. Even if your business goes bankrupt, the credit card companies can continue to collect from you. To find the best small business credit cards, you can compare at sites like MagnifyMoney (my website) or NerdWallet.

Consumer Watchdog levels antitrust accusations against Apple Music

In a letter addressed to the Federal Trade Commission (FTC) and Department of Justice (DoJ) on Wednesday, consumer advocacy group Consumer Watchdog expressed antitrust concerns over tech giant Apples streaming music service Apple Music.

In the letter, Consumer Watchdog accused Apple of potentially thwarting competition in the music streaming arena, by leveraging access to consumer credit cards and user music preferences. The advocacy group alleged that Apple apparently engages in anti-competitive behavior against Apple Music competitors like Spotify and Rdio.

Drawing attention to the fact that – according to the confidential information received by the advocacy group – Apple has credit card information for nearly 800 million customers across the world, Consumer Watchdog has asserted that the company is uniquely situated to automatically charge the customers for its Apple Music service, upon the completion of a three-month trial period. The advocacy group has also said that Apple is seemingly seeking dominance in music streaming market by leveraging inside information about musical preferences of its customers.

Large Cap Stocks in Focus – Agilent (A), Prudential (PRU), Costco (COST …

Prudential Financial Inc (NYSE:PRU) recently stated that the Board of Directors of the company has approved and adopted proxy access amendments to the company’s by-laws, enabling eligible shareholders to have their own director nominees named in the company’s proxy statement for its annual meeting. The Board proactively adopted these amendments as part of its ongoing commitment to corporate governance best practices, making Prudential one of the first companies to take this step independently, without a shareholder proposal.

Prudential Financial Inc (NYSE:PRU) rose 2.38% and closed at $83.07. The 52-week range for the stock is $74.51 and $94.30 and during the previous trading session the stock touched its highest price at $83.12. Its introductory price for the day was $81.71, with the overall traded volume of 2.53 million shares.

How Should Investors React to PRU Now? Find Out in this Trend Analysis Report

Costco Wholesale Corporation (NASDAQ:COST) revealed that it has entered into a new co-brand credit card program agreement with Citi and an acceptance and co-brand incentive agreement with Visa. The implementation of these agreements is subject to the purchase of the existing co-brand credit card portfolio by Citi. Under the terms of the agreements, Citi, the worlds largest issuer of consumer credit cards, would become the exclusive issuer of Costcos co-brand credit cards and Visa will replace American Express as the credit card network for Costco in the United States and Puerto Rico beginning April 1, 2016.

Costco Wholesale Corporation (NASDAQ:COST) gaining 0.48% and closed at $149.99 on a traded volume of 2.53 million shares, in comparison to 2.98 million shares of average trading volume. The company has a total market capitalization of $65.68 billion.

Get a Free Report and Detailed Analysis on COST Click Here to Read

Zoetis Inc (NYSE:ZTS) said that it will participate in the Jefferies 2015 Animal Health Summit on Thursday, March 26, in New York, NY Juan Ramón Alaix, Chief Executive Officer, will represent the company and respond to questions from analysts. He is scheduled to present at 9:30 am EDT. The presentation is not scheduled to be webcast. Investors and other interested parties will be able to access the presentation materials at at the conclusion of the event.

Zoetis Inc (NYSE:ZTS) surged 1.14% and closed at $46.98 on a traded volume of 2.52 million shares, whereas its average trading volume is 3.86 million shares. The Intra-day range for the stock is $ 46.55 47.03 and Total of 501.33M outstanding shares.

Can ZTS Show a Strong Recovery? Find out in This Research Report

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