Bulls REASONS TO BUY
December 13, 2013
(Jutia Group, 12/12/13)
[at Forbes] - Investors in American Express Co. (NYSE: AXP) saw new options become available today, for the January 2014 expiration. At Stock...(read more)
(Jutia Group, 12/9/13)
[at Forbes] - Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is...(read more)
(Stock Blog Hub, 9/8/13)
On May 21, 2013, shares of American Express Co. (AXP), also known as AmEx, hit a 52-week high of $75.11. The company reported first-quarter results with a positive earnings surprise...(read more)
American Express Company (AXP) Company Overview
The American Express Company (NYSE: AXP), is a global financial services institution whose main offerings are charge and credit cards. American Express earns about half of its revenue from merchants, charging them a discount rate for each transaction processed. The other major source of revenue is cardholders themselves, who pay annual fees and interest charges on balances. During 2010, American Express posted a net income of $4.1 billion from its total revenues of $27.8 billion.
American Express announced that it would revive its share repurchase plan. The announcement came after obtaining approval from the Federal Reserve after American Express passed stress tests. American Express did not announce how many shares or how quickly it would repurchase shares. However, despite the positive news for investors, American Express also announced that its legal liabilities would exceed the amount it had set aside already, with up to $500 million in additional legal costs.(Read more at Wikinvest )
What's in this AXP analysis on Wikinvest...