|January 23, 2013|
|07:32 EDT||AXP, ADS||Alliance Data's Canadian business signs agreement with Amex Bank of Canada|
Alliance Data announced that its Canadian loyalty business renewed a multi-year agreement with Amex Bank of Canada, a wholly owned subsidiary of American Express Travel Related Services, an operating unit of the American Express.
News For ADS;AXP From The Last 14 Days
|May 19, 2015|
|07:32 EDT||AXP||Pacific Crest shifts preference to MasterCard, upgrades to buy|
Pacific Crest analyst Josh Beck shifted his preference to MasterCard (MA) from Visa (V) and upgraded the stock to Overweight from Sector Weight. Beck believes interchange legislation in Europe may have an unintended consequence of benefiting global open-loop payment networks, favoring both MasterCard and Visa. The changes are also positive for eBay's (EBAY) PayPal and mixed for American Express (AXP), Beck tells investors today in a research note. He points out his preference for MasterCard relative to Visa follows the latter company's outperformance over the past year. Beck has a $110 price target for MasterCard shares. The stock closed yesterday down 14c to $93.08.
|May 18, 2015|
|12:09 EDT||AXP||American Express management to meet with Guggenheim|
Meeting to be held in New York on May 20 hosted by Guggenheim.
|07:46 EDT||AXP||American Express has $850M revenue opportunity with Plenti, says Deutsche Bank|
Deutsche Bank estimates the coalition loyalty/rewards program Plenti represents a $750M-$850M annual revenue opportunity for American Express (AXP) over the next 3-5 years. Earnings accretion will take time, but returns on equity are likely "very high," Deutsche says in a research note. The firm believes Plenti is an example of how Amex is leveraging its strengths to mitigate the loss of Costco (COST). It thinks Plenti's next program supplier needs to be a grocery chain, and pegs Whole Foods (WFM) as a good candidate. Deutsche keeps a Buy rating on American Express with a $90 price target.
|May 15, 2015|
|12:03 EDT||AXP||American Express reports April net write-off rate 1.5% vs. 1.5% last month |
Reports April 30 days past due loans 0.9% vs. 1.0% last month.
|07:32 EDT||ADS||Alliance Data reports April average receivables up 33% to $10.64B|
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