According to Reuters, American Express (AXP) earnings dropped 72% but still beat expectations. Reuters writes that Geithner was confirmed to be Treasury Secretary. Reuters reports that people lost confidence in business globally…
American Express Company (NYSE: AXP) posted earnings from continuing operations of $0.21EPS, down about a 70% year-over-year decline. Revenue plunged 11% to $6.51 billion. First Call expectations were $0.22 EPS and $7.22…
Douglas A. McIntyre Today’s market looked more like an advanced yo-yo session rather than a regular stock market trading day. Since stocks gapped down so much, there were many new names on the list of…
Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) does not go for short-term gains, and short-term losses are part of the game for investing. Warren Buffett has even told employees to only to…
According to Reuters, authorities do not think Madoff could have acted alone. Reuters show that the US is sinking deeper into recession. Reuters reports that the SEC defended it response to the…
American Express (AXP) is still paying its $.18 dividend. The company will fire about 7,000 people and chop other costs to save $1.8 billion next year. Last quarter AXP did relatively well,…
Douglas A. McIntyre It is getting rather thin in analyst coverage, but these are the top ten analyst upgrades and downgrades we have seen this Wednesday morning: ActivIdentity (NASDAQ: ACTI) Started as Buy at Stanford…
These are some of the top pre-market analyst downgrades and negative calls we are seeing this Friday morning: American Axle (AXL) Cut to Sell at Deutsche Bank. American Express (AXP) Started as…
These are the top downgrades or negative calls we have seen this Wednesday morning from Wall Street analysts: American Express (AXP) Started as Sell at Banc of America; Started as Sell at…
These are some of the changes we have seen in the holdings of Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A). We have consolidated these into groups and this group is alphabetical from…
These are the top ten early bird upgrades and downgrades we have seen this Thursday morning with about two hours until the open: Altria (MO) Raised to Neutral from Sell at Banc…
Short sellers are still betting that financial shares will fall but they have boldly moved into shares of companies which are considered healthy, those with both good balance sheets and relatively strong…
According to Reuters, Chrysler is running out of time and options for staying in business. Reuters reports that American Express (AXP) is seeking $3.5 billion from the government bailout fund. Reuters writes…
According to Reuters, a weakening economy in China and poor US earnings are causing concern that the recession will be deep and long. Reuters writes that Vodafone (VOD) cuts its full-year revenue…
Everyone has been looking for the next shoe to drop in the financial sector where it ties in with the consumer. Everyone thought this would be credit cards now that primary mortgages,…