A Rare Opportunity To Buy AmEx On The Cheap [View article]
This all makes a lot of sense. Only problem is that it's exactly what E*Trade said: we only have high FICO loans on our books, we don't do subprime, our customers are wealthier... And look what happened.
American Express Q2 2007 Earnings Call Transcript [View article]
V useful macro data here: <blockquote>So, let me give you some more detail. In our U.S. proprietary business, consumer spending grew 12%, small business spending rose 15%, and corporate services volumes improved by 10%. In total, U.S. volumes for retail and everyday spending grew 15%. This category represents about 68% of U.S. billings. Travel and entertainment-related spending, which accounts for the remainder, rose 9%.</blockquote>
Under The Radar News - Wednesday [View article]
A Rare Opportunity To Buy AmEx On The Cheap [View article]
American Express Q2 2007 Earnings Call Transcript [View article]
<blockquote>So, let me give you some more detail. In our U.S. proprietary business, consumer spending grew 12%, small business spending rose 15%, and corporate services volumes improved by 10%. In total, U.S. volumes for retail and everyday spending grew 15%. This category represents about 68% of U.S. billings. Travel and entertainment-related spending, which accounts for the remainder, rose 9%.</blockquote>