Market Watch (Free subscription) | 4 hours ago
NEW YORK (MarketWatch) -- Analysts at Stifel, Nicolaus & Company Inc. upgraded shares of American Express Co. to hold from sell, saying the firm is well positioned to manage new provisions in Card Act legislation that could hinder the overall credit card sector's profitability. "In our view, American Express is least exposed to the new rules due to its spend-centric model and low subprime...
Market Watch (Free subscription) | 1 hour ago
NEW YORK (MarketWatch) -- Financial stocks in the S&P 500 fell further in the red Monday as buyers remained on the sidelines on a day with little economic news on the docket. The benchmark sector exchange-traded fund, Financial Select Sector SPDR Fund , was down 1.2% to 11.34. Credit card issuers were among the only silver linings after broker Stifel, Nicolaus & Co. adjusted their estimates...
Financial24 (Free subscription) | 06/17/2009
June 17 - American Express Co: Completes repurchase of $3.39 billion of preferred shares from U.S treasury To give notice to treasury department re .intent to enter discussions about repurchasing outstanding warrants Says treasury depart ...
Financial24 (Free subscription) | 06/15/2009
American Express Co., the largest U.S. credit-card company by purchases, said uncollectible loans declined in May, aided by the sale of consumer debts written off in previous months. American Express wrote off 10 percent of managed U.S. card loans, ...
Market Watch (Free subscription) | 06/15/2009
BOSTON (MarketWatch) -- American Express Co. in a filing Monday said its credit-card business saw net write-offs fall slightly in May to 10.3% from 10.4% the previous month. The company said during May, it sold to third parties certain cardmember loans that had been previously written off. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com...
Market Watch (Free subscription) | 06/11/2009
SAN FRANCISCO (MarketWatch) -- J.P. Morgan Chase & Co. , Morgan Stanley and American Express Co. are expected to start repaying money from the U.S. Treasury's Troubled Asset Relief Program Wednesday, The Wall Street Journal reported on its Web site late Thursday, citing people familiar with the matter. J.P. Morgan received $25 billion from the TARP, with Morgan Stanley receiving $10 billion and...
BloggingStocks (Free subscription) | 06/06/2009
Filed under: Management , JPMorgan Chase (JPM) , American Express (AXP) , Federal Reserve Well, now it seems that even the big boys have to play by the rules. What do I mean play by the rules? Apparently, if a bank wants to pay back the TARP monies, they must demonstrate that they can raise equity . JPMorgan Chase & Co. (NYSE: JPM) and American Express Co. (NYSE: AXP ) were the only two banks...
PR News Wire (Free subscription) | 06/03/2009
NEW YORK, June 3 /PRNewswire-USNewswire/ -- Boys & Girls Clubs of America (BGCA) will salute two of its most generous and passionate donors -- American Express Chairman and CEO Kenneth I. Chenault along with Raymond G. Chambers, the United Nations Special Envoy for Malaria -- because these honorees know that in tough economic times America's youth need help more than ever.
USA Today (Free subscription) | 06/02/2009
JPMorgan Chase & Co. and American Express Co. are the latest recipients of federal bailout funds to launch public stock offerings ...
Financial24 (Free subscription) | 06/02/2009
JPMorgan Chase & Co. and American Express Co (NYQ:AXP)., told by regulators last month they don't need fresh capital, will raise $5.5 billion after the Federal Reserve said any firm seeking to repay the U.S. rescue funds must first tap equity ma 2 Vote(s)
Financial24 (Free subscription) | 05/25/2009
American Express Co (NYQ:AXP). Chief Executive Officer Kenneth Chenault said U.S. legislation to curb credit- card fees may reduce lending to consumers who need it and will hurt competitors more than his company. The impact of the measure, passed by 3 Vote(s)
Financial24 (Free subscription) | 05/19/2009
American Express Co, the credit card and travel services company, on Monday said it plans to eliminate 4,000 jobs, or 6 percent of its workforce, as the weakened economy causes higher customer defaul
Financial24 (Free subscription) | 05/19/2009
American Express Co (NYQ:AXP)., the largest U.S. credit-card company by purchases, will cut about 6 percent of its workforce as cardholders squeezed by rising unemployment fail to pay debts. American
Financial24 (Free subscription) | 05/19/2009
American Express Co (NYQ:AXP). said it plans to eliminate 4,000 jobs, or 6 percent of its workforce. The company expects to record an after-tax charge of $117 million to $163 million related to the c
Market Watch (Free subscription) | 05/18/2009
SAN FRANCISCO (MarketWatch) -- American Express Co. said Monday it will trim 4,000 jobs, or about 6% of its workforce as part of a cost-savings plan. Under the plan, AmEx hopes to save $800 million during the remainder of 2009. About $175 million of the savings are to come from the job cuts, which are expected to cost $180 million to $250 million in a second-quarter severance charge. Reduced spending...
The 2 latest articles published by users on American Express Company :
pinnaclehs | 12/02/2008
Pinnacle Hospitality Systems is going green! In continuous efforts to reduce our carbon footprint and preserve the environment, our quarterly newsletter will no longer be distributed in print form. We will now feature a bi-monthly online newsletter that will be located on our website, www.pinnaclehs.com . One lucky individual will win a $100 American Express gift card just by registering to receive...
milesshyr44 | 08/11/2008
The American Express Plum Card cannot stand up to the American Express Gold Card. Earn up to 40,000 bonus points (enough for a domestic round trip airline ticket plus more). Have NO preset spending limit, have NO limit to the number of points you can earn, save 3% to a HUGE 25% on business purchases at places like FedEx, Delta and Hertz. NO annual fee and your points have NO expiration date. This card
Videos