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American Express (AXP -2.5%) might miss its quarter, says Jefferies, as First Data metrics show...

American Express (AXP -2.5%) might miss its quarter, says Jefferies, as First Data metrics show a "precipitous drop" in Y/Y growth in spend - just 1.5% in February vs. high-single digits for the last year. With the stock outperforming the BKX over the last 3 months and trading at 14x earnings, it's vulnerable to the bad news.
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