Loan Growth Good News For AMEX, Capital One, Discover
at Investor's Business Daily - Thu Jul 10, 3:42PM CDT
Signs show that consumers are more willing to take on credit-card debt again. The result should be consistently positive loan growth at card companies American Express (AXP), Capital One Financial (COF) and Discover Financial Services (DFS). So said...
Midday Glance: Credit Card companies
AP - Thu Jul 10, 12:44PM CDT
NEW YORK (AP) — Shares of some top credit card companies are down at 1 p.m.:
Early Glance: Credit Card companies
AP - Thu Jul 10, 10:01AM CDT
NEW YORK (AP) — Shares of some top credit card companies are down at 10 a.m.:
Will This Price Target Increase Help American Express (AXP) Stock Today?
at The Street - Thu Jul 10, 8:18AM CDT
Barclays increased its price target on American Express (AXP) to $100 and set an "equal weight" rating.
A Summer Well Spent: No Idle Time for Kids This Season
Business Wire - Thu Jul 10, 7:01AM CDT
--Not all fun in the sun as nearly all kids expected to pitch in around the house
1 More Reason American Express Is Different From the Rest
Matthew Frankel, The Motley Fool - Motley Fool - Wed Jul 09, 2:54PM CDT
American Express has done a lot over the years to set itself apart from the other payment processors and credit card issuers. source: company Instead of going for a massive customer base, American Express has done a great job of creating...
Dow Today: American Express (AXP) Leads The Day Higher, Pfizer (PFE) Lags
at The Street - Wed Jul 09, 9:00AM CDT
The Dow component leading the way higher looks to be American Express (NYSE: AXP ), which is sporting a 92-cent gain (+1%) bringing the stock to $95.23. Holding back the Dow today is Pfizer (NYSE: PFE ), which is lagging the broader Dow index...
Upgrade Alert for American Express (AXP)
Comtex SmarTrend(R) - Wed Jul 09, 6:59AM CDT
American Express (NYSE:AXP) was upgraded from Neutral to Buy at Guggenheim today. The stock closed yesterday at $94.57 on volume of 2.8 million shares, below average daily volume of 2.8 million. American Express has overhead space with shares priced $94.57, or 2.8% below the average consensus analyst price target of $97.28. The stock should discover initial support at its 50-day moving average (MA) of $91.63 and subsequent support at its 200-day MA of $86.98.
Hong Kong's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
M2 - Wed Jul 09, 6:34AM CDT
Research and Markets (http://www.researchandmarkets.com/research/f3l5k9/hong_kongs_cards) has announced the addition of the "Hong Kong's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape" report to their offering. In terms of number of cards in circulation, the Hong Kong card payments channel registered positive growth during the review period (2009-2013), recording a compound annual growth rate (CAGR) of 5.23% to reach 50.8 million cards in 2013. In terms of transaction value, the card payments channel valued HKD943.9 billion (US$121.7 billion) in 2013, after registering a CAGR of 10.94%. Improved banking infrastructure and the increasing acceptance of card-based payments at point-of-sale (POS) terminals were key growth drivers for the card payments channel. In terms of transaction value, credit cards accounted for the highest share during review period with 51.7% in 2013, and are expected to maintain this over the forecast period (2014-2018). The category is expected to post a forecast-period CAGR of 3.31% from HKD512.1 billion (US$66.0 billion) in 2014 to HKD583.3 billion (US$75.2 billion) in 2018. Key Topics Covered: 1 Executive Summary 2 Analysis of Industry Environment, Key Trends and Drivers 3 Cards and Payments Industry Share Analysis 4 Regulatory Framework and Card Fraud Statistics 5 Emerging Consumer Attitudes and Trends 6 Analysis of Card Payments and Growth Prospects 7 Analysis of Credit Card Payments and Growth Prospects 8 Analysis of Debit Card Payments and Growth Prospects 9 Analysis of Charge Card Payments and Growth Prospects 10 Analysis of Prepaid Card Payments and Growth Prospects 11 Merchant Acquiring 12 Company Profiles of Card Issuers 13 Appendix Companies Mentioned: - HSBC - Standard Chartered Bank (Hong Kong) - Hang Seng Bank - Citibank Hong Kong - Bank of China (BOC) Hong Kong - MasterCard - American Express - Visa - Diners Club - JCB - EPS For more information visit http://www.researchandmarkets.com/research/f3...ongs_cards
What We're Missing: Canadians Overlook Inspiration in their Own Cities
CNW Group - Wed Jul 09, 6:00AM CDT
American Express Canada research reveals Canadian hotspots for inspiration
How To Tell If Wells Fargo & Co Will Keep On Growing
Matthew Frankel, The Motley Fool - Motley Fool - Tue Jul 08, 4:45PM CDT
Earnings season kicks off this week with Alcoa's report on Tuesday. In the banking sector, Wells Fargo & Co. will set the tone when it reports this Friday, July 11 before the opening bell. Wells Fargo has been one of the best performers...
The Dow Drops Through 17,000 as Boeing, American Express Fall
Dan Caplinger, The Motley Fool - Motley Fool - Tue Jul 08, 10:01AM CDT
On Tuesday morning, the Dow Jones Industrials extended yesterday's post-holiday drop with a steeper decline of 104 points, to 16,920, as of 11 a.m. EDT. Investors remained nervous about the prospects for second-quarter earnings season and are also...
Dow Component American Express (AXP) To Go Ex-dividend Tomorrow
at The Street - Tue Jul 08, 10:00AM CDT
Wednesday, July 9, 2014 is the ex-dividend date for Dow component (NYSE:AXP).
Portfolio Recovery's Acquisitions Show Potential; Rising Expenses a Concern - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Jul 08, 9:30AM CDT
On Jul 7, 2014 we issued an updated research report on Portfolio Recovery Associates Inc. (PRAA).
SmartMetric Patent Infringement Defendants Visa Inc and MasterCard International Have Been Accused of Being a Duopoly by American Express
Marketwire - Tue Jul 08, 7:37AM CDT
SmartMetric, Inc. (OTCQB: SMME) -- American Express stated yesterday in Court filings that Visa and MasterCard are a Duopoly. In its defense before the Court in an antitrust case brought against it by the US Department of Justice, American Express said that Visa and MasterCard are a duopoly that have in the United States market, over 1 billion credit cards between them.
RetailNext Secures $30 Million in Growth Equity Financing
PR Newswire - Tue Jul 08, 7:00AM CDT
RetailNext, Inc., the leader in applied Big Data for physical retail, today announced the completion of $30 million in growth financing, drawing strategic investments from Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, Tyco and American Express. Nokia Growth Partners (NGP) led the round which included new investor Activant Capital Group and existing shareholders August Capital, StarVest Partners and Commerce Ventures.
Burke And Quick Partners Launches Equity Research Platform
PR Newswire - Tue Jul 08, 7:00AM CDT
Burke and Quick Partners, LLC, a leading independent agency-only execution and research broker, announced today that it has launched its equity research platform and has hired Stephen Bersey, Michael Taiano, and Frederick Moran as senior research analysts. Bersey initiated coverage of the Enterprise Software sector on June 18 including Ansys Inc. (ANSS), Ultimate Software (ULTI), PTC Inc. (PTC), and Autodesk, Inc. (ADSK). Taiano initiated research coverage of the Consumer and Specialty Finance sector on June 10 including American Express (AXP), Sallie Mae (SLM), Alliance Data Systems (ADS), Discover Financial (DFS), Cash America, Inc. (CSH) and First Cash Financial (FCFS). Moran will join the firm on July 14, 2014 and will cover the Internet and eCommerce sectors.
Why American Express (AXP) Stock Closed Lower Today
at The Street - Mon Jul 07, 3:28PM CDT
Shares of American Express (AXP) closed down as the U.S. government said at trial that Amex hindered price competition in the U.S. credit card market.