New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 17, 2014
10:11 EDTAXPAmerican Express hits a fresh 52-week high after results, levels to watch
The stock is up 5% to $92.20, just off the high of the day at $92.45. A move back up to the high might suggest a run to the next round number at $95 is possible. Support is at $90.79, the prior 52-week high.
News For AXP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 2, 2015
13:54 EDTAXPAmerican Express files automatic mixed securities shelf
Subscribe for More Information
October 1, 2015
08:10 EDTAXPAmerican Express cards now accepted at Sam's Club
Subscribe for More Information
September 24, 2015
06:50 EDTAXPAmerican Express price target lowered to $70 from $85 at Jefferies
Jefferies analyst John Hecht says that even with the recent selloff, shares of American Express do not offer "compelling rewards" at current levels. Hecht believes AmEx is nearing saturation in its core demographic, the highly-affluent consumer, and views the Costco (COST) loss as a "significant challenge to overcome." American Express remains the industry leader in terms of rewards, but the gap to competitors has narrowed, Hecht tells investors in a research note. The company faces "several discrete headwinds" over the coming quarters, the analyst concludes. He cut his price target for AmEx shares to $70 from $85 and keeps a Hold rating on the name. The credit card provider closed yesterday down 8c to $75.63. Hecht has Buy ratings on card peers Discover (DFS) and Synchrony Financial (SYF).

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use