|
|
|
Real Estate News Releases
|
(CHARTPOPPERS.COM, January 22, 2010 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring company American Express Company (NYSE: AXP)
The Consolidated Investment Analysis on American Express Company (NYSE: AXP)will be in particular interest to other competing companys within the financial sector, such as Bank of America (NYSE: BAC), JP Morgan Chase ( NYSE: JPM) and American International Group (NYSE: AIG)
American Express Company (American Express) is a global payments and travel company. The CompanyÂ’s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The CompanyÂ’s Global Consumer Group offers a range of products and services, including charge and lending (credit) card products for consumers and small businesses worldwide; consumer travel services, and stored value products, such as Travelers Cheques and pre-paid products.
Recent News on American Express Company (NYSE: AXP)
American Express Co., the biggest U.S. credit-card issuer by purchases, said fourth-quarter profit more than doubled amid a surge in customer spending and lower expenses for future defaults.
Income from continuing operations climbed to $710 million, or 59 cents a share, from $306 million, or 26 cents, in the same period in 2008, New York-based AmEx said today in a statement. The average estimate of analysts surveyed by Bloomberg was 57 cents. Profit in the 2008 quarter included costs of $339 million, mostly tied to job cuts.
AmEx made money throughout the recession as Chief Executive Officer Kenneth I. Chenault slashed expenses and limited bad loans. Earnings for the quarter were buoyed by a decline in U.S. write-offs from the third quarter, and AmEx said its provision for future loan losses plunged 47 percent to $748 million.
“We still face the challenge of high unemployment levels, depressed real estate values, and shrunken household balance sheets, but the overall economy and our company are in stronger shape than they were a year ago,” Chenault said in the statement. “While the economic recovery now under way is likely to be modest, we expect it to continue and have begun to shift our focus to growing American Express for the longer term.”
American Express, last yearÂ’s top performer in the Dow Jones Industrial Average, fell 82 cents to $42.16 at 4 p.m. in New York Stock Exchange composite trading and dropped 2.5 percent in extended hours. The shares advanced 118 percent during 2009.
To view the Consolidated Investment Analysis on American Express Company (NYSE: AXP) Please visit the stock pulse page at www.chartpoppers.com
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. Our diligent effort is to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas and penny picks to a in depth coverage of whatÂ’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com/about/
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
CHARTPOPPERS.COM
Paul Marek
6047245332
info@chartpoppers.com 
|
|
|
|
Real Estate News by Sector
|
|
|
|
|
