|Bid||166.68 x 100|
|Ask||169.00 x 100|
|Day's Range||166.65 - 168.95|
|52 Week Range||104.01 - 168.95|
|PE Ratio (TTM)||39.01|
|Forward Dividend & Yield||1.00 (0.60%)|
|1y Target Est||N/A|
Zacks Industry Outlook Highlights: MoneyGram International, Visa, MasterCard and Western Union
Ajay Banga is the CEO of Mastercard Incorporated (NYSE:MA), which has recently grown to a market capitalization of $176.62B. Recognizing whether CEO incentives are aligned with shareholders is a crucialRead More...
American Express Company (NYSE:AXP) finds itself in growth mode. After losing its exclusivity relationship with Costco Wholesale Corporation (NASDAQ:COST) in 2016, AmEx worked hard to turn around its earnings and has been successful. Despite high levels of growth, however, AXP stock fell in the aftermath of the latest earnings report.
Consumers like novelty, reliability, variety, and other subjective qualities. But what really keeps them coming back to American Express is convenience.
Credit-card giant American Express reported better-than-expected earnings growth late Thursday. But the Dow component fell after suspending its stock buyback.
While PayPal (PYPL) has talked about its customer acquisition rate gaining momentum after it decided to partner with card companies Visa (V) and MasterCard (MA), this boost may just be a beneficial side effect of the partnerships. PayPal went into partnership with Visa and MasterCard with specific goals in mind, namely to enable customers to pay any way they want. At the Credit Suisse 21st Annual Technology, Media & Telecom Conference, PayPal CFO (chief financial officer) John Rainey said, “What the network agreements did for us, though, was fundamentally, they’re all about providing our customers choice to allow them the way they – to transact however they want,” adding that “if they want to use a Visa card or a MasterCard or a particular issuer card, they can do that.
In 2016, PayPal (PYPL) showed a shift in strategy when it decided to partner with MasterCard (MA) and Visa (V) rather than continuing to compete with them. Commenting on the deals a few months later at the WSJDLive conference in Laguna Beach, California, PayPal CEO Dan Schulman stated that “we think we can be great allies…to advance the cause of digital payments,” according to The Wall Street Journal. A year after the card network deals, at the Credit Suisse 21st Annual Technology, Media & Telecom Conference, PayPal chief financial officer John Rainey said that the company had a lot to show for its partnerships with MasterCard and Visa.
PayPal’s (PYPL) chief financial officer, John Rainey, mentioned partnering with Amazon (AMZN) when he spoke at a recent Credit Suisse technology event. In 2017, PayPal’s CEO, Dan Schulman, noted that the company had been talking with Amazon with respect to a payments partnership.
Undoubtedly one of the best investors ever, Warren Buffett is followed by everybody in the financial world and his statements are carefully analyzed. There are many reasons for that, but the main one is that Warren Buffett gets his stock picks right (almost) all the time. And he is not the only one. The likes of […]
American Express Company (NYSE:AXP) made a bold recovery last year after watching its share price decline for two years straight. The firm was dealt a harsh blow when Costco Wholesale Corporation (NASDAQ:COST) abandoned its partnership with the card in 2015. Although many thought AXP stock wouldn’t be able to come back from that, the company proved them wrong by posting gains of 30% over the course of 2017.
Paypal Holdings Inc (NASDAQ:PYPL) is at the center of several favorable trends. For one, digital payment companies are among the hottest tech plays out there today. Two, its Braintree subsidiary started accepting bitcoin payments in 2014, which makes PYPL stock a backdoor crypto play.
Visa will get rid of its signature requirement for cards with EMV chips starting in April, the last of the major credit card companies to do so.
The company went on to say that least some of these pieces of information may have come from various Jason’s Deli locations, officials added. A threat response team is serving as an aid to officials, along with several forensic experts and law enforcement members to determine for sure whether or not a breach took place. If it did, the team will help determine how widespread the data breach was, how it was done, plus whether or not there is any continuing breach or vulnerability to Jason’s Deli’s servers.
Andrew Jeffrey, SunTrust Robinson Humphrey, and Moshe Orenbuch, Credit Suisse, discuss buying into credit card stocks as companies innovate their payment systems.
Jim Cramer zipped through his take on callers' favorite stocks, including that of a cosmetics company with a top CEO.