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Stock Market & Financial Investment News

News Breaks
July 1, 2014
08:04 EDTAXPAmerican Express reports $900M capital infusion to Global Business Travel jv
Following the announcement that the joint venture for American Express Global Business Travel has been completed, the company announced new members of its executive team. In addition to the previous appointments of Greg O’Hara as Chairman of the Board and Bill Glenn as President and CEO, GBT has named Pat Bourke as Chief Administrative Officer, Norma Corio as CFO, and JoAnne Kruse as Chief Human Resources Officer. “With the creation of the joint venture and the infusion of $900 million of capital from our investors, we now have even greater resources that the marketplace requires to not only stay ahead of the curve, but to create the curve. For American Express Global Business Travel, technology is an area of investment, expertise and innovation, meeting the needs of the traveler and also offering control and transparency to the travel manager or meeting professional,” said Bill Glenn.
News For AXP From The Last 14 Days
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October 22, 2014
07:36 EDTAXPFederal Reserve Bank of New York to hold a conference
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October 20, 2014
14:53 EDTAXPAmerican Express announces availability in Apple Pay
American Express (AXP) announces availability in Apple (AAPL) Pay, "the easy, safe and private way to pay with iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3." Apple Pay will be available for eligible U.S. Consumer and OPEN American Express Card Members. Reference Link
08:16 EDTAXPAmerican Express upgraded to Buy from Hold at Sandler ONeill
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October 17, 2014
12:34 EDTAXPAmerican Express to boost merchant adoption of secure payment terminals
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October 16, 2014
15:10 EDTAXPAmerican College of Gastroenterology to hold annual meeting
ACG Annual Scientific Meeting 2014 to be held in Philadlephia, PA on October 17-22.
14:09 EDTAXPApple confirms October 20 start date for Apple Pay
Apple (AAPL) announced that customers can start making payments on Monday, October 20, when Apple Pay becomes available in the U.S. Users of the iPad Air 2 and iPad mini 3 will be able to use Touch ID on their devices for Apple Pay within apps. The new service will be enabled by a free software update to iOS 8. Apple Pay supports credit and debit cards from the three major payment networks: American Express (AXP), MasterCard (MA) and Visa (V). In addition to American Express, Bank of America (BAC), Capital One Bank (COF), Chase (JPM), Citi (C), Wells Fargo (WFC) and others, who announced support in September, more than 500 new banks from across the country have signed on to Apple Pay, the company said.
10:01 EDTAXPOn The Fly: Analyst Upgrade Summary
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06:10 EDTAXPAmerican Express upgraded to Neutral from Underweight at JPMorgan
JPMorgan upgraded American Express to Neutral with a $90 price target citing a more balanced outlook following the company's Q3 results.
October 15, 2014
18:26 EDTAXPOn The Fly: After Hours Movers
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16:27 EDTAXPAmerican Express CEO says growth rate still below long-term target
Kenneth I. Chenault, chairman and CEO stated, “Card Member spending was up 9%, a modest acceleration from last quarter, and loan balances grew 5%. Revenues continued to rise at a steady pace, but the growth rate is still below our long-term target."
16:19 EDTAXPAmerican Express down 2.8% after reporting Q3 results
16:06 EDTAXPAmerican Express reports global commercial services net income $204M
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16:05 EDTAXPAmerican Express reports Q3 card member spending up 9% YoY
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16:03 EDTAXPAmerican Express reports Q3 U.S. card services net income $889M, up 14% YoY
Reports Q3 International card services net income $142M, unchanged from a year ago.
16:02 EDTAXPAmerican Express reports Q3 EPS $1.40, consensus $1.36
Reports Q3 revenue $8.33B, consensus $8.35B.
15:28 EDTAXPNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include American Express (AXP), consensus $1.36; eBay (EBAY), consensus 67c; Kinder Morgan (KMI), consensus 34c; Kinder Morgan Energy Partners (KMP), consensus 64c; Kinder Morgan Management (KMR), consensus 58c; El Paso Pipeline Partners (EPB), consensus 39c; Netflix (NFLX), consensus 93c; United Rentals (URI), consensus $2.08; Navient (NAVI), consensus 52c; Las Vegas Sands (LVS), consensus 58c; Umpqua Holdings (UMPQ), consensus 29c; Astoria Financial (AF), consensus 16c; Rambus (RMBS), consensus 5c.
12:04 EDTAXPAmerican Express reports September write-off ate 1.2% vs. 1.5% last month
Reports September 30 days past due loans 1.0% vs. 0.9% last month.
October 13, 2014
07:19 EDTAXPAmEx, Capital One profits seen boosted by credit card 'sweet spot,' WSJ says
Credit card players such as American Express (AXP) and Capital One (COF), as well as banks with significant card units like JPMorgan (JPM), stand to benefit from the U.S. card industry's "sweet spot" of moderate economic growth, low interest rates and consumers who are better managing payments while growing their spending, said The Wall Street Journal, which noted that consulting firm R.K. Hammer estimates U.S. card issuers' revenue will grow 9% this year to $158.6B. Other U.S. banks with credit card units include Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC) and other card companies include Visa (V) and MasterCard (MA). Reference Link
07:15 EDTAXPNational Association of Corporate Directors to hold a conference
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