UBS Said Cautious Comments From Washington Mutual (WM) Doesn't Bode Well For Other Credit Card Issuers (COF, AXP)
More News related to AXP
- American Express Plans Live Audio Webcasts of the Second Quarter Earnings Conference Call and Semi-Annual Financial Community Meeting
- Growth-Focused Women Entrepreneurs Overcome Challenging Economy to Reach Million Dollar Goal
- American Express (AXP) Subsidiaries Enter Separate Settlement Agreement with FDIC, OTS; Sees $3.5M Payment
- Active equity option families in first 30 minutes of trading according to Track Data are: AXP POT BAC C
- American Express Introduces First in the Industry: New Service To Help Consumers Manage Household Spending
More News related to COF
- Capital One Survey of High School Seniors Reveals Gender Gaps in Financial Literacy
- Deutsche Bank Says CMA, HBAN, KEY, RF and ZION Best Positioned For Increase In Interest Rates
- Capital One Financial Corporation to Webcast Conference Call on Second Quarter 2009 Earnings
- Hilton Hotels Announces New Executive Appointment
- Top 10 News Items 6/15-6/19: Obama Unveils Sweeping Regulatory Reform; S&P Cuts Ratings on 22 US Banks; RIM Earnings Inline, But Guidance Soft
More News related to VMW
- Rapid Growth of VMware Service Provider Program Illustrates Increased Demand for VMware-Based Cloud Solutions
- VMworld(R) 2009, the Premier Virtualization Event of the Year, Returns to San Francisco and Spotlights Business Transformation Through IT
- China VoIP & Digital Telecom Celebrates Grand Opening of Its Shandong Virtualization Technology Promotion and Application Center
- World Wide Technology Wins Three Awards at the 2009 Cisco Partner Summit
- David Moenning's Daily State of the Markets: 6/19
UBS noted that Washington Mutual (NYSE: WM) had a large increase in credit card non-performers. UBS commented that this is not good for other credit card issuers such as Capital One (NYSE: COF) and American Express (NYSE: AXP). More to come. Capital One is due to announce earnings tomorrow.
Andrew Horowitz from The Disciplined Investor, who has been short Capital One, lately has written some must-read commentary on Capital One's business. Andrew also had a great short call on VMware (NYSE: VMW). On another note, you can view a book Andrew wrote on how he analyzes stocks here. [JT]
Sign up to get market moving alerts at EasyStockAlerts.com
Related Categories
Analyst CommentsInsiders' Blog
Trader Talk
Stocks Mentioned
+3.26Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
