UK to crack down on 'rip off' card fees

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Go back to UK to crack down on 'rip off' card fees

Jefferies Reiterates Hold of American Express (AXP) Following 2Q

July 20, 2017 7:54 AM EDT

Jefferies reiterated a Hold rating and $85.00 price target on American Express (NYSE: AXP) following the company's 2Q earnings release. AXP reported 2Q17 EPS of $1.47 beating the Street's $1.43. Revenues topped forecasts on both higher net interest income and higher discount revenue.

There are no meaningful... More

Credit Card Stocks on Watch as Surcharges on Credit Card Purchases in UK to be Outlawed

July 19, 2017 8:53 AM EDT

Credit card companies are on watch Wednesday after the U.K. Treasury announced that companies could no longer charge customers a fee for paying with credit cards. The news could be positive for the card companies as extra fees will no longer be allowed for those choosing to pay... More