|Bid||120.46 x 900|
|Ask||120.49 x 1000|
|Day's Range||119.91 - 127.96|
|52 Week Range||106.42 - 138.13|
|Beta (5Y Monthly)||1.01|
|PE Ratio (TTM)||15.05|
|Earnings Date||Apr 15, 2020 - Apr 19, 2020|
|Forward Dividend & Yield||1.72 (1.34%)|
|Ex-Dividend Date||Jan 01, 2020|
|1y Target Est||140.30|
DOW UPDATE Shares of American Express and Dow Inc. are retreating Tuesday afternoon, propelling the Dow Jones Industrial Average into a slump. Shares of American Express (AXP) and Dow Inc. (DOW) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 768 points (2.
DOW UPDATE Shares of American Express and Dow Inc. are trading lower Tuesday afternoon, leading the Dow Jones Industrial Average selloff. Shares of American Express (AXP) and Dow Inc. (DOW) are contributing to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 537 points, or 1.
DOW UPDATE Shares of American Express and Dow Inc. are seeing declines Tuesday afternoon, propelling the Dow Jones Industrial Average selloff. The Dow (DJIA) was most recently trading 373 points (1.3%) lower, as shares of American Express (AXP) and Dow Inc.
Veritiv Corp.'s new-look board of directors includes a familiar face. The Atlanta-based packaging company said Tuesday it appointed Shantella (Shan) E. Cooper to its current 10-person board, joining the Compensation and Leadership Development, and Nominating and Governance committees. The pair will, in essence, replace two retiring board members: John Zilmer, who was named CEO of Aramark in October, and another who is reaching the company's stated age limit as of April, according to a company spokesperson.
Global stocks are plunging on Monday after the number of virus cases outside China surged over the weekend, particularly in Italy, South Korea and Iran.
DOW UPDATE Shares of American Express and Dow Inc. are trading lower Tuesday morning, leading the Dow Jones Industrial Average selloff. The Dow (DJIA) was most recently trading 295 points lower (-1.1%), as shares of American Express (AXP) and Dow Inc.
DOW UPDATE Behind losses for shares of UnitedHealth and American Express, the Dow Jones Industrial Average is slumping Monday afternoon. Shares of UnitedHealth (UNH) and American Express (AXP) have contributed to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 862 points, or 3.
DOW UPDATE Behind negative returns for shares of UnitedHealth and Walt Disney, the Dow Jones Industrial Average is slumping Monday afternoon. Shares of UnitedHealth (UNH) and Walt Disney (DIS) are contributing to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 952 points, or 3.
(Bloomberg Opinion) -- E*Trade Financial Corp. sits at the intersection of two of the world’s most persistent boys’ clubs: Wall Street and Silicon Valley. But behind the layers of computer code that enable at-home investors — another mostly male crowd — to buy and sell stocks online, there’s a group of female tech wizards at E*Trade that make it possible.Fostering a culture that attracts and advances women in the STEM fields is one more way that E*Trade, one of the earliest online brokerages, has been a pioneer in the industry. That little-known trait is something its new corporate parent, Morgan Stanley, would be smart to preserve — and emulate — especially as it looks to reach a wider set of customers. Morgan Stanley agreed on Thursday to acquire E*Trade for $13 billion, fusing together an old-school brokerage business of wealthy Wall Street clients with a digital Main Street brand that resonates with younger people. It’s an opportunity for the white-shoe firm to gain a new type of customer it wasn’t equipped to reach in a corner of the market that’s growing — and one that’s bound to draw more prospective female customers over time. E*Trade had 5.17 million retail accounts as of December and an average of more than 300,000 trades each day. I first learned about E*Trade’s impressive roster of female tech leadership in mid-2018, when I had the pleasure of interviewing them and hearing their stories in the company’s New York office just outside Times Square. They reflected on working their way up in an industry where they initially saw few other female faces, then later a few more, and more yet when they joined E*Trade.Women still head up key teams, such as the innovation lab, run by Jeanne Jang, an alum of International Business Machines Corp. Liensa Vidra has risen up the E*Trade ranks to vice president of product management, and Heather Munoz is senior vice president of tech development, following a career at CME Group Inc. Alice Milligan, who’s made stops at American Express Co. and Citigroup Inc.’s North America consumer bank, was named E*Trade’s chief customer officer last May, overseeing all retail products and how digital customers use them. As with any business, some employees I met have moved on, but the leadership in the chief customer office — the core of E*Trade — is currently 60% female, according to a spokeswoman. That’s almost unheard of in financial services, where it’s hard not to notice that almost all the firms are named after men (Morgan Stanley included). A few of the women I spoke with stressed the importance of informal mentoring — from both male and female leaders — and having it happen organically. Alison Li, a web development manager for whom English is a second language, said that she had never had a female mentor until joining E*Trade and that it brought her out of her shell. “I felt the difference,” she said in our 2018 interview. Diversity helps the intimidation factor of being a woman in fintech fade away, is how Eileen Kane, now vice president of IT project management, put it at the time. Having a father who was an engineer when she was growing up, Kane “never thought this wasn’t a place for women to be,” a message she has since passed on to her children; her 20-year-old daughter is a STEM student. A common sentiment they all shared was wanting to pay it forward for the next crop of female techies. E*Trade might be one of the last places one would expect to find such a bastion of female support and diversity. After all, this is a company that just three years ago advertised its services with a cliche commercial showing a dorky white guy partying on a yacht full of bikini-clad bombshells after becoming rich using E*Trade. Its commercials have since evolved: One of last year’s ads swapped out the dude for an adorable dog on a speedboat; another featured a young woman floating poolside on an Instagrammable swan raft while checking her E*Trade account. Broadly speaking, women, not least because they earn less than men, also invest less. A 2017 survey by Bank of America Merrill Lynch found that while most are confident in budgeting and paying bills, only 52% are confident managing investments, compared with 68% of men. A majority of the female respondents also said that the financial services industry has traditionally catered to men. Funny enough, an abundance of research has shown that women make pretty good investors. They tend to be more cautious, patient, trade less (which saves on fees), are less prone to panic and thus outperform. As I’ve noted before, it’s no wonder that women share these traits with Warren Buffett, the world’s most celebrated investor. Even so, only 10% of fund managers in the U.S. are women, and they tend be put in charge of passive funds, according to consistently depressing but important research done by Morningstar Inc.Corporate America has certainly placed a bigger emphasis on gender diversity and pay equity. But when companies brag about their progress, a closer look will often reveal that female leaders tend to be clustered around public relations and human resources. As important as that work is, those positions don’t put women on course to become the next CEO.That’s why I found E*Trade so refreshing. Women are at the center of the company’s foundation: its technology, the “E” in its 1990s-throwback of a name. Having that diverse perspective and life experience will only help E*Trade and its new parent design products that appeal to a wider group of customers. (I’d be remiss not to mention Ellevest here, a robo-adviser that already specifically targets women and was founded by Sallie Krawcheck, who once ran wealth management at Bank of America and Citi.)James Gorman, chairman and CEO of Morgan Stanley, said he’s considering calling his newly acquired business something along the lines of E*Trade Powered by Morgan Stanley, but that it’d be “completely nuts” to get rid of the E*Trade brand. E*Trade CEO Mike Pizzi isn’t going anywhere either. The bank would do well to keep E*Trade’s culture intact, too.To contact the author of this story: Tara Lachapelle at email@example.comTo contact the editor responsible for this story: Daniel Niemi at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
American Express (AXP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Berkshire Hathaway CEO tells shareholders in his annual letter that the “price/value equation was modestly favorable at times” for buying back what amounted to about 1% of the company’s shares in 2019.
Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc's decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major acquisition of a company. Buffett, 89, also used his annual letter to Berkshire shareholders to assure they should not worry about the future of the company, which is "100% prepared" for when he and 96-year-old Vice Chairman Charlie Munger are no longer around. "I do think it's on the right path," said James Armstrong, president of Henry H. Armstrong Associates in Pittsburgh, which invests one-fourth of its assets in Berkshire.
It was a miserable end to the week for equities as investors ditched riskier assets for safe-haven fare, such as the dollar and gold. Yes, that's correct. Despite the U.S. Dollar Index popping today, dollar-denominated gold closed at multi-year highs while stocks tumbled.Source: Provided by Finviz * The S&P 500 slid 1.05%. * The Dow Jones Industrial Average tumbled 0.78%. * The Nasdaq Composite plunged 1.79%. * Microsoft (NASDAQ:MSFT) was the worst-performing Dow name today, underscoring weakness across the large-cap tech space.Covid-19 concerns were again at the center of the broader market decline, but as was noted yesterday, markets are getting wise to the fact that this issue isn't confined to China -- or Asia for that matter -- and data are confirming as much.InvestorPlace - Stock Market News, Stock Advice & Trading TipsEarlier today, the IHS Markit purchasing managers' index for February checked in at 49.6, a decline of 3.7 points from January and good for the worst reading in more than six years.The weakness "was in part linked to the coronavirus outbreak, manifesting itself in weakened demand across sectors such as travel and tourism, as well as via falling exports and supply chain disruptions," according to IHS Markit. * 7 Delicious Restaurant Stocks to Buy In late trading, 21 of the Dow's 30 components were lower and more than half that group were down 1% or more. Conversely, none of the winners were up 1%. Coke And CoronavirusBefore jumping into Friday's tech wreck, let's have a look at Dow component Coca-Cola Company (NYSE:KO). The defensive stock was up about half a percent in late trading, but investors may do well to not be deceived here.The company became the latest to warn that the novel coronavirus will affect its earnings, warning of a modest impact to first-quarter results. Fortunately, the soft drink giant said it still expects to earn $2.25 a share this year.That's likely the reason why Coca-Cola traded higher today. That and its status as a defensive name. Including Coca-Cola, three of the Dow's four consumer staples residents were in the green today. Usual SuspectsAlthough company-specific news for many of the following names was light to non-existent today, China-sensitive names such as Microsoft, Apple (NASDAQ:AAPL) and Intel (NASDAQ:INTC) were among the Dow's worst offenders.In fact, all of the Dow's technology constituents traded lower today. The only Dow Jones stock with significant China exposure that was higher, and only modestly so, was Caterpillar (NYSE:CAT). That was more a sympathy play on Deere & Company's (NYSE:DE) strong earnings report than anything else. Visa VexedVisa (NYSE:V) couldn't escape the tech carnage today, though there was one encouraging news item out on the name. Brazilian state-controlled bank Caixa Economica Federa is working with Visa on credit and debit cards in that country. That bank issues 109.3 million of those cards and Brazil is Latin America's largest economy. Speaking of Credit CardsAmerican Express (NYSE:AXP) was another Dow offender and this is very much a coronavirus-to-blame situation. With global travel expected to slump due to the virus, AXP could be pinched.AXP is one of Warren Buffett's "big four" holdings and the Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) annual shareholder letter, always widely anticipated, is due out this weekend, so there could be some AXP commentary in there. Bottom Line on the Dow Jones TodayBeyond the coronavirus, there's another issue that could act as a headwind for stocks: they're getting expensive as John Butters of FactSet points out."The forward 12-month P/E ratio of 19.0 on February 19 was above the four most recent historical averages for the S&P 500: five-year (16.7), 10-year (14.9), 15-year (14.6), and 20-year (15.5)," said Butters in a note. "In fact, this marked the first time the forward 12- month P/E had been equal to (or above) 19.0 since May 23, 2002 (19.1)."Of course, equities can get pricey and continue climbing, but a more sanguine environment than one riddled by fatal illnesses is probably necessary for that to happen.As of this writing, Todd Shriber did not own any of the aforementioned securities. He has been an InvestorPlace contributor since 2014. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 S&P 500 Stocks to Buy Increasing Their Dividends in 2020 * 5 Tech Stocks Vying to Win the AR/VR Race * 7 U.S. Stocks to Buy on Coronavirus Weakness The post Dow Jones Today: Flight to Safety Dings Stocks appeared first on InvestorPlace.
American Express Co. on Monday will debut its Centurion Lounge at Charlotte Douglas International Airport. The space is among the largest in American Express' Centurion Lounge network and highlights the local culinary scene.
Today, American Express (NYSE: AXP) announced that The Centurion Lounge at Charlotte Douglas International Airport (CLT) will open on Monday, February 24th, 2020, marking the company’s 11th location within its iconic Centurion Lounge network.
Berkshire Hathaway investors will be looking at a range of issues, including succession, stock repurchases, dividends, the acquisition environment, the company’s lagging stock price, and its move to pare its longtime Wells Fargo holding.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll show how you can use...