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Stock Market & Financial Investment News

News Breaks
February 11, 2013
18:16 EDTAXPAmerican Express, Twitter sign online purchasing agreement
American Express announces a social commerce experience that turns Twitter #hashtags into purchases. American Express Cardmembers who sync their eligible cards at sync.americanexpress.com/twitter and tweet special #hashtags can buy American Express Gift Cards and products from Amazon (AMZN), Sony (SNE), Urban Zen and Xbox 360. American Express' proprietary Card Sync technology powers the experience.
News For AXP From The Last 14 Days
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May 29, 2015
14:36 EDTAXPAmerican Express says President Ed Gilligan passed away
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May 28, 2015
11:53 EDTAXPAmerican Express CEO says Costco not 'be all-end all' of company
Says will focus on maintaining some Costco (COST) volume, but focused on profitability. Says focused on range of opportunities it sees as profitable.
11:40 EDTAXPAmerican Express says has started DoJ appeal process
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11:09 EDTAXPAmerican Express says range of co-brand deals will be coming up
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May 19, 2015
07:32 EDTAXPPacific 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 EDTAXPAmerican Express management to meet with Guggenheim
Meeting to be held in New York on May 20 hosted by Guggenheim.
07:46 EDTAXPAmerican 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.

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