Barclays goes bullish on U.S. credit card issuers, saying earnings will increase steadily over...
Barclays goes bullish on U.S. credit card issuers, saying earnings will increase steadily over the next 3-5 year, and that it's encouraged by what appear to be signs of stabilization in default rates. Firm boosts American Express (AXP +2.4% premarket), Capital One (COF +2.7%) and Discover (DFS +7%) to Overweight.
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