1:07pm ET
Investing
Companies Not On SEC Short Sale Ban, But Should Be
Frankly, we think the ban on short sales is not the right way to run a free market. But it doesn’t matter what we think. These are the new rules, but they…
Companies
/Financial Services
American Express Company
$312.43
▼ $12.00 (−3.70%) today
Markets closed · 8:13am ET
AXP Coverage
Page 678:16am ET
Industrials
Warren Buffett Talks Financials, Markets, Economy & Politics (BRK-A, WFC, AXP, JPM, FNM, FRE, BUD, CNQ, BNI, BRK-B)
This morning there was a rather long CNBC interview where Becky Quick got to interview Berkshire Hathaway’s (NYSE: BRK-A) Warren Buffett live in Omaha. He noted specifically that the economic weakness was…
6:31am ET
Investing
America’s Most Overpaid CEOs (MER)(CBS)(AXP)(MS)(NBR)
The AP announced its list of the top 10 paid CEOs for 2007. The figures were based on "AP’s compensation formula, which adds up salary, perks, bonuses, above-market interest on pay set…
9:34pm ET
Banking, finance, and taxes
Buffett & Berkshire Hathaway Holdings A-G (AXP, BUD, BAC, BNI, KMX, KO, CMCSA, CDCO, COST, GCI, GE, GSK)
So far there are some changes seen in the holdings of Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A). We have consolidated these into groups and this group is from A to…
5:14am ET
Banking, finance, and taxes
The Mayhem In Bank Earnings Is Not Over (WM)(WB)(JPM)(AXP)(V)(MA)
Wall St. cheered what seemed to be withering results from Washington Mutual (WM) and Wachovia (WB). WaMu lost $3.3 billion and reserved $3.7 billion to handle loan losses. Wachovia lost $9 billion…
5:11am ET
Investing
American Express (AXP) Earnings, Most Important Numbers Of The Quarter
While Wall St. was fixated on Apple’s (AAPL) numbers and the health outlook for Steve Jobs, American Express (AXP) slipped through the side door with some frightening numbers. Apple’s earnings said something…
2:45am ET
Media
Media Digest 7/22/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Apple (AAPL) missed Wall St. expectations, sending the stock down by 10%. Reuters reports that American Express (AXP) profits fell on credit losses.
3:31pm ET
Banking, finance, and taxes
American Express Internals Deteriorate Rapidly (AXP)
American Express (NYSE: AXP) just posted $0.56 EPS on $7.484 Billion in revenues, although we would note that there are items in these results from continuing operations. First Call had estimates of…
Douglas A. McIntyre 7:14am ET
Banking, finance, and taxes
Upgrades Come to Financials (AXP, COF, CMA, DFS, LEH, PRSP)
These are some of the top analyst calls for the financial services group we have seen in the early hours of trading this Tuesday morning: American Express (NYSE: AXP) raised to Neutral…
7:06am ET
Banking, finance, and taxes
MasterCard & American Express Settle Litigation (MA, AXP)
MasterCard Incorporated (NYSE: MA) has just announced it has reached an agreement to settle its outstanding litigation with American Express (NYSE: AXP). The company says the tax-affected net present value of the…
5:08pm ET
Investing
Buffett & Berkshire Hathaway Holdings A-H (BRK-A, BRK-B, AXP, BUD, BNI, KMX, KO, CMCSA, CDO, COP, COST, GCI, GSK, HD)
After today’s close, we got to see which stocks that Warren Buffett Held in the Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) as of March 31, 2008. Buffett’s filing cut off date as…
2:56am ET
Media
Media Digest 4/25/2008 Reuters,WSJ, NYTimes, FT, Bloomberg
According to Reuters, two Chinese citizens have filed a $1.3 billion suit against CNN(TWX) for insulting the people in their country. Reuters reports that Honda’s net fell and that the company said…
7:22am ET
Banking, finance, and taxes
GE Sells Corporate Payment Services Unit to American Express (GE, AXP)
American Express Co. (NYSE: AXP) and GE Money, part of General Electric (NYSE: GE), have announced that American Express will purchase Corporate Payment Services, GE’s commercial card and corporate purchasing business unit. …
2:36pm ET
Banking, finance, and taxes
Visa IPO: Traders Use Member Banks & Owners As Back Door Plays (V, AXP, MA, DFS, JPM, BAC, NCC, WFC, C, USB)
Tonight we are going to get the highly awaited VISA, Inc. initial public offering. This one has been on the books since November 2007 and we have previously noted that this was…
4:14am ET
Economy
Will The Fed Put Up $500 Billion?
The Fed has already provided a facility of $200 billion to banks to help them improve balance sheets by exchange some of their less-than-liquid and less-than-valuable paper for real honest-to-God money from…
Douglas A. McIntyre