Bulls REASONS TO BUY
April 19, 2014
(Jutia Group, 4/16/14)
[Business Wire] - American Express Company today...(read more)
Company Update (NYSE:AXP): American Express Unveils More than $15 Million in Savings from Merchan...
(Jutia Group, 4/8/14)
[PR Newswire] - NEW YORK, April 8, 2014 /PRNewswire/ -- American Express (NYSE: AXP) today launched amexoffers.com , a...(read more)
(The DIV-Net, 1/28/14)
In true oligopolistic fashion, the credit card industry is dominated by just four players: Visa (V), MasterCard (MA), American Express (AXP) and Discover (DFS). For instance, here’s a look at the...(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...