When an industry says it is in a state of disarray, investors may want to head for the hills. As the National Retail Federation began its annual meeting, one of its consultants…
There have been major reports for days and weeks that have revolved around many financial services, banks, lenders, and the like merging. The truth is that the carnage in the financial sector…
American Express (AXP) said the economy is getting worse. The company will take a pre-tax charge of approximately $440 million (approximately $275 million after-tax) for the fourth quarter. In light of the…
Douglas A. McIntyre 2007 was one volatile year and for now it appears that will be the norm for at least the start of 2008. Everyone’s favorite market pundit or least liked pundit is obviously…
These aren’t the only analyst calls we are watching, but these are the top ten that 247wallst.com is reviewing: Activision (NASDAQ: ATVI) raised to Buy from Neutral at Piper Jaffray. Hansen Natural…
American Express (AXP) had a nice enough quarter. But, it was not stellar and the stock did not get out of hand after hours. Revenue net of interest expense rose 11% to…
Douglas A. McIntyre AAUK cut to Hold at Citigroup.ANPI cut to Sector PErform at both RBC & CIBC.APPB cut to Underperform at Wachovia.ASH cut to Underperform at Credit Suisse.AXP cut to Equal Weight at Lehman.BHP…
As today is the 20th anniversary of the 1987 stock market crash, 24/7 Wall St. wanted to go back in time to review how the individual DJIA components held up around the…
ANW started as Buy at Jefferies.AVY cut to Neutral at RWBaird.AXP cut to Neutral at Merrill Lynch (indicated down 1% to 2%).BOBJ cut to Neutral at First Albany.CHD started as Neutral at…
Intel Corp. (NASDAQ:INTC) shares are trading down about 1.7% in very earlybird trading this Friday. The bulge bracket brokerage firm Merrill Lynch has downgraded the processor giant shares from a "Buy" rating…
Almost 300 CEOs are getting letters from the SEC. They include the heads of American Express (AXP), GE (GE) and Coca-Cola (KO). The agency wants more details on how their compensation is…
(AXP) American Express is selling its private banking unit.(CFC) Countrywide is laying off loan originators and support staff as applications are down and to cut costs.(CHINA) CDC Corp. announced a $225 million…
According to Reuters, Dow Jones (DJ) controlling Bancroft family met to discuss Rupert Murdoch’s bid for the company and should vote later this week. Reuters writes that revenue and income fell at…
American Express (AXP) was expected to report earnings of 86 cents a share on sales of $7.49 million for the second quarter The company reported second quarter EPS of $.88 vs $.76…
Douglas A. McIntyre Monday will be an interesting day for American Express (NYSE:AXP), or so it would seem. The solid banks, brokers, and credit issuers have all been revealing increases in defaults and in loan…
