All Posts Tagged With: "American Express"
American Express (NYSE: AXP) Jumps On Analyst Upgrade
Shares of American Express (NYSE: AXP) jumped more than 4 percent on Thursday following an analyst upgrade to the stock by financial advisory firm Sandler O’Neil. The firm upgraded the stock to buy from hold, citing value after the stock’s recent pullback, down roughly 15 percent this month. The firm also believes rebounding consumer spending [...]
American Express (NYSE: AXP) Q1 Earnings More Than Double On Strong Revenue, Shrinking Credit Costs
American Express (NYSE: AXP) announced Thursday that first quarter earnings more than doubled as revenue and volumes showed robust growth. The credit card company also took a much smaller provision for loan losses at net charge-offs fell 7.2 percent from a year ago. The company said it earned $873 million or 73 cents a share [...]
American Express (NYSE: AXP) And Capital One (NYSE: COF) Joined The Big Banks Raising Credit Card Rates
American Express (NYSE: AXP) and Capital One Financial Corp. (NYSE: COF) raised rates on two of their most popular cards before February 22, when the Credit Card Accountability, Responsibility and Disclosure (CARD) Act kicked in. American Express bumped its average annual percentage rate (APR) on its Blue Card to start at 15.24 percent, up from [...]
U.S. Credit Card Defaults Rise In November; Citigroup (NYSE:C), Bank Of America (NYSE: BAC) Lead The Way, While AMEX (NYSE: AXP) Improves
After falling a month earlier, financial institutions reported rising credit card defaults in November. Bank of America (NYSE: BAC) still leads all big banks with a 13 percent default rate, but Citigroup (NYSE: C) posted the largest rise as defaults jumped 1.5 percent to top 10 percent in November. JP Morgan Chase (NYSE: JPM), the [...]
American Express (NYSE: AXP) Acquiring Revolution Money for $300 Million
American Express (NYSE: AXP) announced it’ll be buying Revolution Money, the company started by co-founder of AOL – Steve Case – for close to $300 million. Revolution Money focuses on the emerging demand for electronic payments and securing these transactions to make them safe for consumers to use. Close to one million merchants participate in [...]
American Express (NYSE: AXP) Sees Q3 Profit Slip 22 Percent
American Express (NYSE: AXP) announced Thursday night that third quarter profit dipped 22 percent to $632 million as cardholder spending fell 11 percent overall to $156.6 billion. However, Amex suggested that overall card billings have stabilized and spending trends have become encouraging. Excluding a one-time benefit totaling $180 million related to an accounting change, [...]
New JPMorgan Chase (NYSE: JPM) Small Business Cards Will Compete with American Express (NYSE:AXP)
Understanding that small businesses have suffered greatly during the economic crisis and have had little in the way of business credit from banks available to them, JPMorgan Chase (NYSE: JPM) has launched a new small business credit card initiative which will directly compete with American Express (NYSE:AXP), which could be good for small business owners. [...]
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Great post but complicated to understand since I am from Faroe islands ;-) 
What would be your top three tips for anyone new to this topic?