American Express has been the most profitable big U.S. bank for many years. But the credit-card company’s stock implosion on Thursday underlines two risks and puts a spotlight on Discover Financial Services. American Express
Wall Street no longer takes American Express. Shares of AmEx (AXP) plunged 13% Friday after the credit card company issued a weak outlook for 2016 AND 2017 in its latest earnings report. It appears that investors no longer have much, if …
The payments industry is undergoing rapid transformation thanks to increased use of card-based transactions like credit and debit cards coupled with strong growth in e-commerce and mobile payments. This burgeoning industry provides a …
American Express's extraordinary long-term profitability for investors is based on a high return on equity and a reasonable rate of growth. While both variables seem to be structurally strong for the foreseeable future, short-term shocks cannot …
During Monday’s trading session, shares of American Express (NYSE:AXP) hit an all-time high of just under $96 per share. As a provider of credit cards and credit to consumers and businesses, this isn’t surprising, as we learned …
If you follow American Express stock, you can see all of these things are evident in the company’s stock prices. Although the problem seems to be clear (the high price of using AmEx), the company has yet to change a thing about the way it …
Throughout the rise and fall of the fortunes of other credit services companies, American Express, commonly referred to as Amex, has maintained an elite status, deriving considerable strength from the intangible asset of its brand name …
American Express Company (NYSE:AXP) announced that its board has authorized a stock repurchase plan, which authorizes the company to repurchase $4.40 billion in shares on Wednesday, June 28th, EventVestor reports. This …
The Dow witnessed gains and losses on alternate days of an eventful week. Utilities and telecom stocks boosted the index on Monday. The index moved lower on Tuesday, dragged down by healthcare and tech stocks. Financials gained on …
13% $146 Fixed associated $1.54 in fees Asset for -backed higher origination customer significantly, derivatives, underwriting increased of compensation …