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Meredith Whitney Said Happy Things About American Express (AXP)

January 14, 2009 4:48 PM EST
Get Alerts AXP Hot Sheet
Price: $354.43 --0%

Rating Summary:
    23 Buy, 23 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 21 | New: 7
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On CNBC, pessimistic Oppenheimer banking analyst Meredith Whitney said American Express (NYSE: AXP) could be one of the few financial companies that looks interesting right now.

Whitney said American Express may be involved with M&A for credit card receivables.

Whitney said at the current price ($17.83) it still looks pricey, but if it gets down to $15 it could be a buy.

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Meredith Whitney, EIM Group