Stephen Squeri, chairman and chief executive officer of American Express Co., speaks during an Economic Club of New York event in New York, US, on Thursday, Nov. 10, 2022.American Express CEO Stephen Squeri on Friday said the credit card company saw "good consumer spending" during the holidays and signs of strong overall health for U.S. spending.In particular, delinquency rates were "lower than they were in 2019," Squeri told CNBC's Scott Wapner in an interview at the American Express PGA Tour event in La Q ...

American Express (AXP) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on January 26, 2024, might help the stock move higher if these key numbers are better ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks ...

American Express Company (AXP) recently announced that it is divesting its wholly-owned subsidiary Accertify to Accel-KKR. Accertify provides services like fraud prevention, account protection, payment gateway solutions and chargeback management. This deal will enable Accertify to become an independent entity, post the divestiture and help American Express streamline its operations. The terms of the transaction have not been disclosed yet.Per a report by Fortune Business Insights, the fraud detection and pr ...

Bryan Bedder/Getty Images Entertainment In the world of stocks, there are many great public companies that have a solid return on invested capital, a strong set of products and services, and a competent management team. However, there are comparatively few compounders - stocks that are able to grow at a higher-than-average rate for years and years, compounding an investment's capital many times over. The difference may be difficult to spot at first, but it's there. Compounders are a different breed for ...

This earnings season promises to be an interesting one. A lot is hinging on upcoming earnings, considering company reports set the stage for 2024 while acting as an official close to 2023’s holiday shopping season. For that reason – shopping season uncertainty – retail stocks are ones to avoid this earnings season if you’re even slightly risk-averse. Even a hint of poor holiday performance could send solid retail stocks into a tailspin, as we saw with Target’s (NYSE:TGT) disastrous 2022 earnings.But that do ...

American Express Company (AXP) is in a favorable position for growth, driven by an upswing in card member spending, increasing volumes and sustained business momentum. The resilience witnessed in consumer spending during recent times, despite macroeconomic uncertainties, inflation and a high interest rate environment, is expected to contribute positively to its performance.American Express — with a market cap of $132.7 billion — is a diversified financial services company offering charge and credit payment ...

Technology Leader in Fraud Prevention to Become Independent Entity Post-Closing MENLO PARK, Calif. and ITASCA, Ill., Jan. 16, 2024 /PRNewswire/ -- Accel-KKR, a technology-focused private equity firm, today announced that it has reached an agreement with American Express (NYSE: AXP) to acquire Accertify, a wholly owned subsidiary. Accertify is a leading provider of fraud prevention, chargeback management, account protection, and payment gateway solutions. Accertify's advanced technologies help protect many b ...

funky-data American Express (NYSE:AXP) is often compared with Visa (V) and Mastercard (MA). However, American Express' valuation is usually at half of what Visa and Mastercard are valued at due to misconception of American Express' status as a bank holding company. I believe that this misconception provides a fantastic opportunity for American express to reward investors in the long term. Introduction - History of American Express American Express started in 1850 as an express mail business. It is growi ...