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Stock Market & Financial Investment News

News Breaks
October 10, 2012
09:59 EDTCVS, AXP, GDOTGreen Dot falls after firm says CVC close to deal with AmEx
Prepaid card issuer Green Dot (GDOT) is sliding after research firm Jefferies, in a note to investors earlier today, wrote that CVS (CVS) may be planning to offer American Express (AXP) prepaid cards. CVS is one of Green Dot's largest distribution partners, and generates about 6% of the card issuer's total revenues, according to Jefferies. Due to American Express' rapid encroachment on Green Dot's largest distribution partners, the firm reduced its 2012 and 2013 revenue and earnings per share estimates for the company. Jefferies also slashed its price target on Green Dot to $13 from $17 and maintained a Hold rating on the stock. In early trading, Green Dot sank 40c, or 4%, to $9.60. The shares fell significantly Monday after Wal-Mart, another distribution partner of Green Dot, announced a deal to roll-out American Express prepaid cards in 4,000 of its store.
News For GDOT;AXP;CVS From The Last 14 Days
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March 25, 2015
15:47 EDTAXPAmerican Express CFO says pleased with results of Fed CCAR review
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15:17 EDTAXPAmerican Express targets 2015 operating expense growth of below 3%
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14:25 EDTAXPAmerican Express sees returning to positive EPS growth in FY16
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14:24 EDTAXPAmerican Express repeats view for FY15 EPS to likely be flat to down modestly
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14:18 EDTAXPAmerican Express CEO says committed to long-term 8%+ revenue growth target
American Express, on average and over time, has financial targets for revenue growth of 8%+, though it will not see that level of revenue growth over short-term, said CEO Ken Chenault during the company's investor day meeting. On average and over time, American Express sees EPS growth of 12%-15% and ROE growth of 25%+.
14:00 EDTAXPAmerican Express CEO says 'numbers didn't add up' with Costco
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13:56 EDTAXPAmerican Express says remedies filed with court in suit with DOJ
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13:53 EDTAXPAmerican Express says Bluebird, Serve load volume up 300%+ from 2012-2014
American Express said the increase in platform load and merchant spend for Bluebird and Serve are both up 300%+ from 2012 to 2014, albeit off a small base. Comments from American Express investor day presentation.
11:45 EDTCVSLeerink healthcare tech/pharma analysts hold analyst/industry conference call
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07:54 EDTAXPAmerican Express March weekly volatility elevated into investor day
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March 24, 2015
08:17 EDTAXPAmerican Express to benefit from increased spend, says Morgan Stanley
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March 23, 2015
12:31 EDTAXPFly Watch: American Express analyst day seen as possible catalyst
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07:20 EDTGDOTBarclays to hold a forum
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March 22, 2015
11:26 EDTAXPAmerican Express to host investor day
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March 19, 2015
09:03 EDTAXPAmerican Express, Charles Schwab confirm co-brand relationship
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07:28 EDTAXPAmerican Express, Charles Schwab reach co-brand agreement, Reuters says
American Express (AXP) stated Thursday it has reached a deal with Charles Schwab (SCHW) to offer cards under both company names, reports Reuters. The deal is a multi-year agreement and will involve two kinds of cards, though precise details will not be announced until near the expected launch date in early 2016. Reference Link
07:04 EDTAXPAmerican Express confirms plans to launch Plenti loyalty program
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March 18, 2015
06:16 EDTAXPAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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March 17, 2015
06:31 EDTCVSStudies find Gilead's hepatitis C drugs cost effective, Reuters says
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March 16, 2015
12:01 EDTAXPAmerican Express reports February net write-off rate 1.5% vs. 1.4% last month
Reports February 30 days past due loans 1.0% vs. 1.0% last month.
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