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 Partners with Top Fashion Designers for Exclusive Cardmember-Only Shopping Experiences During NYC & Company's "NYC Extreme Local"(TM)
- American Express and Dunkin' Donuts Partner to Put Money In Your Wallet
- World Monuments Fund and American Express Announce Funding for a Sustainable Visitor Reception Center on Easter Island, Chile
- American Express (AXP) Appoints Ed Jay to SVP Business Insights
- American Express Names Ed Jay, Senior Vice President, Global Business Insights
More News related to COF
- Richmond Fed Directors Appoint Federal Advisory Council Member
- Treasury Department Announces Pricing of Public Offering of Warrants to Purchase Common Stock of Capital One Financial Corporation
- Treasury Commences Secondary Public Offering of 12.66M Capital One (COF) Warrants
- Goldman Says We're Entering Final Third of U.S. Bank Losses; Says Stress Test Was Enough (XLF, BAC, JPM, COF)
- Individual Donations Add Up With Capital One's No Hassle Giving Program
More News related to VMW
- VMware to Present at the Barclays Global Technology Conference
- NetApp (NTAP) and Cisco (CSCO) OK, CEO Remarks -DJ
- VMware to Present at the Credit Suisse First Boston Technology Conference
- Griffin's Blue Ridge Likes A Major Bank, Swaps Into Gold Miner ETF, Picks Up More Silver and Makes Moves In Tech
- IBM, VMware and NSEC Partner to Simplify Computing on the Go
More News related to Analyst Comments
- Interesting Call Buying In Research In Motion (RIMM)
- Broadpoint.AmTech Reiterates a 'Buy' on Marvell Technology (MRVL); Raises Estimates & PT
- Unemployment Data Brings Hope: Art Hogan Weighs In
- Brean Murray Maintains a 'Buy' on athenahealth (ATHN); Lofty Valuation Surpassed Only by Lofty Goals
- Benchmark Raises American Tower's (AMT) Price Target to $50 on Strong Tower Demand
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
+0.43Related 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!
