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American Express Company (AXP)

- NYSE
  • Apr. 30, 2009, 1:56 PM
    American Express (AXP) credit-default swaps jump after S&P downgrades its preferred stock to junk. "While the ratings agency views current levels as adequate, it said the fundamental credit environment in which American Express operates will continue to deteriorate into 2010." AXP shares +2.1% to $25.47.
    | 4 Comments
  • Apr. 24, 2009, 9:02 AM
    Premarket gainers: DDR +34%. F +24%. RVBD +13%. CAKE +13%. RAD +12%. INFA +11%. STAR +10%. AXP +9%. JNPR +8%. HMY +7%. TS +6%. GFI +6%. SLB +6%. LVS +5%. FIG +4%. FIG +4%. MSFT +4%. TOT +4%.
    Losers: UCBH -19%. IBKR -15%. CPN -9%. CYBS -8%. MAR -4%. ACI -4%. NFLX -3%. VOD -3%. SD -3%.
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  • Apr. 23, 2009, 4:27 PM
    American Express (AXP): "If permitted by our supervisors and if supported by the results of the stress assessment, we intend to repay the government investment of preferred shares and warrants." (PR)
    | 2 Comments
  • Apr. 23, 2009, 4:24 PM
    American Express (AXP): "While we did see some recent improvement in early delinquency rates, overall credit indicators reflected rising unemployment levels and the broad-scale weakness in the economy. Based on current indicators, we expect Q2 U.S. lending write-off rates on a managed basis to rise between 200 and 250 bps over Q1 levels. We expect an additional increase of 50 bps or less in Q3, before leveling off during Q4." (PR)
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  • Apr. 23, 2009, 4:22 PM
    American Express (AXP): Q1 EPS of $0.32 beats by $0.20. Revenue of $5.93B (-18.1%) vs. $6.45B. Consolidated provisions of $1.8B vs. $1.2B last year "primarily reflecting additions to the lending credit reserves in view of increased write-offs and past due loans." Tier-1 ratio 14.8%. Shares +4.4% AH. (PR)
    | 1 Comment
  • Apr. 23, 2009, 3:10 PM
    Notable earnings after Thursday's close: ACF, AMGN, AMZN, ATHR, AXP, BNI, BUCY, CAKE, CB, CF, CNW, CRBC, CYH, CYN, DDR, DDUP, DV, EMN, FII, INFA, JNPR, KLAC, MHK, MSCC, MSFT, NFLX, PKI, PMCS, RIO, RMBS, RVBD, SPWRA, STAR, STSA, SWKS, SYNA, WDC, WFR, YRCW
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  • Apr. 23, 2009, 10:03 AM
    Dow leaders: BAC +3.4%. AA +2.7%. AXP +2.3%. JPM +1.4%. CVX +1.2%.
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  • Apr. 23, 2009, 12:10 AM
    Notable earnings after Thursday's close: ACF, AMGN, AMZN, ATHR, AXP, BNI, BUCY, CAKE, CB, CF, CNW, CRBC, CYH, CYN, DDR, DDUP, DV, EMN, FII, INFA, JNPR, KLAC, MHK, MSCC, MSFT, NFLX, PKI, PMCS, RIO, RMBS, RVBD, SPWRA, STAR, STSA, SWKS, SYNA, WDC, WFR, YRCW
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  • Apr. 21, 2009, 10:01 AM
    Dow laggards: MRK -8.6%. BAC -4.6%. C -3.1%. CAT -2.3%. AXP -2.3%.
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  • Apr. 20, 2009, 1:33 PM
    No Dow gainers. Major losers: C -22%. BAC -22%. GM -9%. AXP -9%. AA -9%. GE -8%. JPM -7%. CAT -5%. DIS -5%. DD -5%.
    | 1 Comment
  • Apr. 20, 2009, 10:19 AM
    Dow laggards: BAC -12.0%. C -11.5%. GM -10.1%. AXP -8.0%. AA -7.3%.
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  • Apr. 17, 2009, 1:10 PM
    Dow leaders: American Express (AXP) +4.97%. Bank of America (BAC) +4.64%. Procter & Gamble +2.83%.
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  • Apr. 16, 2009, 10:13 AM
    Dow laggards: CAT -4.2%. AXP -2.6%. KFT -1.6%. PFE -1.7%. CVX -1.7%.
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  • Apr. 15, 2009, 4:42 PM
    Capital One's (COF) chargeoff rate spikes by 1.27 percentage points to 9.33%, similar to Nordstrom's report, which makes the 20bps rise in American Express' (AXP) chargeoffs look all the better. Just this past weekend, Barron's said AXP was in better shape than its rivals.
    | 1 Comment
  • Apr. 15, 2009, 3:57 PM
    American Express (AXP) says charge-offs rose to 8.8% in March from 8.6% last month - a slowing from the huge jump in February from January's 8.1%. AXP also says it managed to sell some loans to third parties that had previously been written off, resulting in partial recoveries. AXP +11.1%.
    | 1 Comment
  • Apr. 14, 2009, 9:01 AM
    Premarket losers: AIB -11%. QGEN -8%. ABK -8%. RBS -7%. SXL -6%. MT -4%. AXA -5%. TS -4%. MS -4%. AXP -3%. GS -3%. IFX -4%. CS -3%. TOT -3%. USB -3%. BP -3%. UN -3%. AAUK -3%. RDS.A -3%.
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Company Description
American Express Co is a payments, network and travel company, which offers credit payment card products and travel-related services to consumers and businesses.
Sector: Financial
Country: United States