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Stock Market & Financial Investment News

News Breaks
January 31, 2013
09:25 EDTAXP, AXPAmerican Express to host semi-annual financial community meeting
Meeting to be held on February 6 at 2:30 pm. Webcast Link
News For AXP From The Last 14 Days
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March 5, 2015
17:51 EDTAXPAmerican Express releases results of 2015 Dodd-Frank Stress Test
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07:18 EDTAXPCiti tax credits seen as advantage in winning Costco business, Reuters says
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March 3, 2015
16:01 EDTAXPOptions Update; March 3, 2015
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10:01 EDTAXPOn The Fly: Analyst Downgrade Summary
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06:45 EDTAXPAmerican Express downgraded to Underperform from Neutral at Macquarie
Macquarie downgraded American Express to Underperform based on a long-term negative view on upcoming March catalysts, particularly rescheduling of the analyst day, concerns a settlement in the anti-steering lawsuit will be difficult and fears that CCAR may be negative. Macquarie believes revenue growth is limited for the next 2 years and expects AmEx's pursuit of card loan growth to generate increased economics from existing spend will result in a lower multiple. The firm's price target was lowered to $76 from $81.
March 2, 2015
08:11 EDTAXPCapital One slips after Costco enters co-brand card pact with Visa, Citi
Shares of Capital One (COF) are slipping in pre-market trading after Costco Wholesale (COST) announced it has entered into a new co-brand credit card program agreement with Citi (C) and an acceptance and co-brand incentive agreement with Visa (V). The Fly notes that on February 12 American Express (AXP) announced that its U.S. co-brand and merchant acceptance agreements with Costco are set to end on March 31, 2016. On October 1 of last year, MasterCard Canada (MA) entered into an agreement with Costco Canada to open credit card acceptance to MasterCard cardholders. In addition, Capital One rolled out a new cobranded MasterCard credit card with Costco Canada at that time, which may have led some to speculate that Capital One and MasterCard could have the inside track for a U.S. deal with Costco. In pre-market trading, Capital One shares slid 0.56% to $78.27 and MasterCard shares slipped fractionally lower to $90.
07:19 EDTAXPBuffett says American Express has 'strong position' in federal lawsuit
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07:17 EDTAXPBuffett says can't buy more American Express without Fed approval
Warren Buffett is speaking on CNBC.
March 1, 2015
18:27 EDTAXPAmerican Express shares could rally 15%, Barron's says
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13:05 EDTAXPBerkshire's Buffett says 2015 will be 'tough year' for 'Big Four' investments
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February 26, 2015
14:39 EDTAXPAmerican Express adds new benefits for Premier Rewards Gold Card
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06:46 EDTAXPDeutsche sees American Express as undervalued, upgrades to Buy
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06:23 EDTAXPAmerican Express upgraded to Buy from Hold at Deutsche Bank
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February 25, 2015
06:53 EDTAXPAmEx to raise interest rates by 2.5% for 1M customers, Bloomberg says
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February 24, 2015
15:54 EDTAXPAmerican Express confirms end of partnership with JetBlue
American Express (AXP) confirmed in a regulatory filing that the company was unable to reach terms to renew its cobrand relationship with JetBlue (JBLU) recently. The Fly notes that Bloomberg first reported on February 13 that JetBlue was ending its agreement with American Express.
12:45 EDTAXPAmerican Express strength an selling opportunity, says Credit Suisse
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07:21 EDTAXPAmerican Express ruling may not have intended effect for consumers, NYT says
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06:39 EDTAXPVisa Europe announces 'tokenisation service'
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February 23, 2015
08:36 EDTAXPAmerican Express can ultimately win anti-steering case, says Janney Capital
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February 20, 2015
16:48 EDTAXPDow, S&P 500 finish week at record highs after Greek deal reached
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