News Breaks |
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| January 10, 2013 |
| 16:08 EDT |  | AXP | American Express sees $400M restructuring charge in Q4
The company sees in Q4 a $400 million restructuring charge, $287M after-tax, designed to contain future operating expenses, adapt parts of the business as more customers transact online or through mobile channels, and provide the resources for additional growth initiatives in the U.S. and internationally. A $342M expense, $212M after-tax, reflecting enhancements to the process that estimates future redemptions of Membership Rewards points by U.S. cardmembers. Approximately $153M, $95M after-tax, of cardmember reimbursements. |
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News For AXP From The Last 14 Days Check below for free stories on AXP the last two weeks. |
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| June 17, 2013 |
| 12:04 EDT | | AXP | American Express reports May net write-off rate 1.9% vs. 2.1% last month
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| June 14, 2013 |
| 10:10 EDT |  | AXP | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Express (AXP) downgraded to Equal Weight from Overweight at Barclays... AngloGold (AU) downgraded to Sell from Neutral at UBS... DuPont (DD) downgraded to Neutral from Buy at BofA/Merrill... Myriad Genetics (MYGN) downgraded to Neutral from Buy at BofA/Merrill... Progress Software (PRGS) downgraded to Hold from Buy at Needham... Rubicon (RBCN) downgraded to Sell from Neutral at Goldman... Southern Company (SO) downgraded to Hold from Buy at Jefferies... SunTrust (STI) downgraded to Neutral from Buy at UBS... Wells Fargo (WFC) downgraded to Neutral from Buy at Sterne Agee... FIS (FIS) downgraded to Neutral from Outperform at RW Baird... SM Energy (SM) downgraded to Hold from Buy at Societe Generale..Wells Fargo (WFC) downgraded at Sterne Agee. |
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| 06:14 EDT | | AXP | American Express downgraded to Equal Weight from Overweight at Barclays
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| June 13, 2013 |
| 10:05 EDT |  | AXP | On The Fly: Analyst Initiation Summary
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| 05:55 EDT | | AXP | American Express initiated with a Perform at Oppenheimer
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| June 11, 2013 |
| 07:27 EDT |  | AXP | Commercial Payments International to host a conference
EMEA Middle Market Conference 2013 is being held in London, England on June 11. |
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