|Bid||98.17 x 100|
|Ask||100.20 x 100|
|Day's Range||98.56 - 100.51|
|52 Week Range||75.97 - 102.96|
|PE Ratio (TTM)||33.75|
|Forward Dividend & Yield||1.40 (1.50%)|
|1y Target Est||N/A|
Visa surged into a buy zone and PayPal rallied on strong earnings Thursday. Shares of American Express, Mastercard, Square and Pagseguro Digital also rallied.
American Express is closer to becoming the first U.S. card network to offer services in China, The Wall Street Journal reported Thursday.
Visa (V) posted its fiscal 2Q18 results yesterday, exceeding analysts’ EPS (earnings per share) estimate of $1.02 with EPS of $1.11. After its strong fiscal 2Q18 results, the company may be set to witness growth in fiscal 2H18. During fiscal 2Q18, the company’s total payment volumes rose 15% YoY (year-over-year) to $1.9 trillion.
The Zacks Analyst Blog Highlights: Alphabet, General Electric, Schlumberger, American Express and SAP
BEIJING—American Express Co. cleared a hurdle in its yearslong effort to operate in China, potentially becoming the first U.S. card network to receive permission to offer services in the Chinese market. China’s central bank informed the New York-based card issuer that it would “formally accept” its application to clear and settle domestic bank-card transactions, an AmEx spokesman said. The firm has applied to do so by forming a joint venture with a Chinese mobile-payment provider, Lianlian Group, the spokesman said.
American Express reported an earnings beat for the first quarter last week, overcoming seasonal headwinds to churn out its best ever quarterly revenue figure thanks to an upbeat interest rate environment as well as due to its acquisition of a portfolio of Hilton co-branded cards from Citigroup.
The card is aimed a the ‘most premium and often-traveling, globetrotting’ customers, the company says.
Women business owners receive 45% less in finance from lenders than men“Scandal” star and actress Kerry Washington and co-executive producer Judy Smith. After seven seasons, ABC’s (DIS) hit TV series “Scandal” is airing its final episode Thursday night — and, with it, viewers can take one last look at the challenges that face women who own small businesses. The brainchild of Shonda Rhimes, “Scandal” followed the forays of Olivia Pope, the owner of a Washington, D.C.-based crisis management firm as portrayed by actress Kerry Washington.
Discover Financial Services (DFS) has a price-to-earnings ratio on an NTM (next-12-months) basis of ~8.9x, which highlights its lower valuations. The average price-to-earnings ratio of Discover’s peers is ~14.0x.
The S&P 500’s top gainers on April 19 were: American Express (AXP) gained 7.6%. Snap-On (SNA) gained 6.2%. Bank of New York Mellon (BK) gained 5.7%. W.W. Grainger (GWW) gained 5.3%. KeyCorp (KEY) gained 3.6%. American Express
On a day stocks slumped, American Express rose following its first-quarter report and Philip Morris plummeted on disappointing sales of cigarette alternatives.
American Express' (AXP) strong first-quarter earnings had something to do with it. The financial sector normally responds positively to rising rates since it's a sign of a strengthening economy. After dipping during the first half of 2017, Treasury rates started to rise, and since then the link between the rates and the financial sector’s performance, known as correlation, has gotten stronger.
American Express (AXP) topped all other S&P 500 components on Thursday, helped by its upbeat first-quarter earnings. AmEx gained $7.22, or 7.6%, to $102.37. The S&P 500 fell 15.51 points, or 0.57%, to 2693.13.
Wall Street's three major indexes closed lower on Thursday, with tobacco stocks leading a tumble in consumer staples while concerns about smartphone demand hurt the technology sector and rising bond yields and earnings helped financials rebound. The market pared some losses late in the session after Bloomberg reported that Deputy Attorney General Rod Rosenstein told President Donald Trump last week he is not a target of Special Counsel Robert Mueller’s Russia investigation.
Key stock market index funds dropped Thursday as Apple and Intel offset a big gain from American Express on the Dow Jones industrial average.
American Express Company ( AXP) shares rose nearly 6% on Thursday after the company reported better-than-expected first quarter financial results following the bell on Wednesday. Revenue rose 11.6% to $9.72 billion – beating consensus estimates by $580 million – while earnings per share of $1.86 beat consensus estimates by 15 cents per share. Card member spending rose 12%, while the effective tax rate dropped from 32% to 22%.