|Bid||134.51 x 4000|
|Ask||134.98 x 800|
|Day's Range||133.85 - 138.13|
|52 Week Range||99.48 - 138.13|
|Beta (5Y Monthly)||1.05|
|PE Ratio (TTM)||16.32|
|Earnings Date||Apr 15, 2020 - Apr 19, 2020|
|Forward Dividend & Yield||1.72 (1.31%)|
|Ex-Dividend Date||Jan 01, 2020|
|1y Target Est||133.57|
Wall Street fell in a broad sell-off on Friday, as investors fled equities on growing concerns over the scope of the coronavirus outbreak, capping the S&P 500's worst week in six months. All three major U.S. stock averages turned sharply negative, with the S&P 500 seeing its biggest one-day percentage drop in over three months after the Centers for Disease Control and Prevention confirmed the second case of the virus on U.S. soil, this time in Chicago.
American Express earnings beat views, while revenue was in line. Shares of the Dow Jones financial giant rose to record high and beyond a buy zone.
Lenders have seen profits soar on bull market and low interest rates, but how will the FICO update change the game? Continue reading...
The Dow Jones fell hard Friday along with the Nasdaq and S&P; 500 after a second case of the coronavirus was confirmed in the U.S.
Wall Street lost ground on Friday as mounting worries over the scope of the coronavirus outbreak overshadowed positive corporate earnings. All three major U.S. stock averages extended their losses after the Centers for Disease Control and Prevention confirmed the second case of the virus on U.S. soil, this time in Chicago. For the holiday-shortened week, all three indexes are on course to post a decline with the Nasdaq set to snap a six-week winning streak.
Stocks extended losses just after midday Friday on news of a second confirmed U.S. case of the China coronavirus, while Intel was a top Dow Jones performer.
U.S. stocks fell on Friday amid renewed concerns over the spreading of a coronavirus outbreak from China, offsetting strong gains for Intel. Airlines and travel stocks fell again, with United Airlines Holdings Inc and American Airlines Group Inc shedding about 4%. "It has taken the wind out of the market, because for now other than (Intel and American Express) we have stocks coming under some selling pressure," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
American Express reported fourth-quarter results that surpassed analysts’ expectations for earnings per share and showed that consumers are still willing to pay for Amex cards despite intensifying competition. (AXP) stock (ticker: AMEX) rose almost 5% in the wake of the news, disclosed Friday morning. Importantly, the company’s results showed that consumers are still willing to pay to have an Amex card.
The major stock indexes were broadly higher early Friday amid strong earnings results from Dow Jones stocks American Express and Intel.
This partly has to do with a better-than-expected Q4 earnings season overall so far, along with a void of economic metrics this week that might cause market participants pause.
Another batch of solid earnings reports—including a monster performance from chipmaker Intel (INTC)—could combine with retreating fears of the coronavirus to set a positive tone early Friday. Today’s action could determine whether the S&P 500 Index (SPX) ends up rising or falling for the week. It’s been three weeks since the SPX had a losing week.
DOW UPDATE Powered by positive growth for shares of Intel and American Express, the Dow Jones Industrial Average is climbing Friday morning. The Dow (DJIA) was most recently trading 91 points, or 0.3%, higher, as shares of Intel (INTC) and American Express (AXP) have contributed around a quarter of the blue-chip gauge's intraday rally.
Stocks opened higher Friday as Intel and AmEx lifted the Dow Jones today, while Broadcom and Atlassian scored early breakouts.
Stocks opened with modest gains Friday, with the Nasdaq Composite pushing further into record territory, after a round of strong corporate earnings overshadowed worries over the spread of the coronavirus. The Dow Jones Industrial Average rose 96 points, or 0.3%, to 29,256, while the S&P 500 was up around 3 points, or 0.1%, at 3,329. The Nasdaq Composite rose 40 points or 0.4%, to 9,441 -- after posting a record finish on Thursday. Shares of Dow component Intel Corp. jumped more than 7% after reporting data-center sales late Thursday that topped Wall Street estimates. Shares of American Express Co. also powered higher, rising 5%, after reporting a fourth-quarter profit that beat expectations.
The tech-heavy Nasdaq was set to hit a new record high on Friday after a strong forecast from Intel and encouraging business activity data out of Europe lifted the mood, while investors tracked latest developments related to the coronavirus outbreak. Chipmaker Intel Corp jumped 4.8% in premarket trading, and was on course to open at a 19-year high, after it forecast better-than-expected 2020 earnings, joining many of its peers to signal a recovery in chip demand. Advanced Micro Devices Inc rose 1.0%, while Broadcom Inc gained 2.9% after entering an agreement with Apple Inc for the supply of wireless components used in its products.
American Express (AXP) delivered earnings and revenue surprises of 1.50% and 0.03%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
U.S. stock index futures edged higher on Friday, as a strong forecast from chipmaker Intel and encouraging business activity data out of Europe lifted the mood as investors tracked latest developments related to the coronavirus outbreak. Intel Corp jumped 5.2% in premarket trading, on course to open at a 19-year high, after it forecast better-than-expected 2020 earnings, joining many of its peers to signal a recovery in chip demand. Advanced Micro Devices rose 1.5%, while Broadcom Inc gained 3.5% after entering an agreement with Apple Inc for the supply of wireless components used in its products.
Shares of American Express Co. surged 1.8% toward a record high in premarket trading Friday, after the credit card and travel services company reported a fourth-quarter profit that beat expectations, while revenue was in line. Net income fell to $1.69 billion, or $2.03 a share, from $2.01 billion, or $2.32 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share rose to $2.03 from $1.74, above the FactSet consensus of $2.01. Total revenue, net of interest expense, increased 9% to $11.37 billion, matching the FactSet consensus, amid continued growth in fees, spend and lend revenue. Consumer services revenue rose 10% to $6.2 billion, commercial services revenue grew 7% to $3.5 billion and merchant and network services revenue increased 3% to $1.7 billion. The company said it added 11.5 million new proprietary cards in 2019, with nearly 70% of new card members choosing fee-based products. The stock has rallied 12.9% over the past three months through Thursday, while the SPDR Financial Select Sector ETF has gained 8.0% and the Dow Jones Industrial Average has advanced 8.8%.