Alliance Data

According to J.P. Morgan, Alliance Data (NYSE: ADS) estimates are raised. J.P. Morgan said that Alliance Data reports 1Q11 results before the market opens on April 21st (JPM/Street at $1.80/$1.67). “We expect strong results and tone, highlighted by improved Air Miles issuance and consumer credit...

Alliance Data (NYSE: ADS) reported core EPS of $1.38 in its 2Q, higher than the expected estimates of $1.31/$1.32 by J.P. Morgan/Street, but a new statement fee enforced by ADS has caused JPM to reduce price target $1 from $78 to $77, as ADS is expected a ~$0.30 drag on its EPS for 2H10. JPM...