Buckingham Research Downgrades American Express (AXP) to Neutral
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American Express (AXP) Pares Losses After Makes Statement on EU Draft Proposals
July 17, 2013 1:39 PM EDTAmerican Express Company (NYSE: AXP) stock pared losses mid-day on Wednesday after it issued the following statement based on preliminary reports characterizing the contents of the European Commission's draft proposals on payment industry regulation that is scheduled to be released next week.
*The publication of... More
Visa (V), Mastercard (MA) and American Express (AXP) Hit; EU May Cap Fees
July 16, 2013 5:39 PM EDTCredit card companies were hit after-hours on Tuesday. The decline relates to a proposal in Europe that would cap transaction fees on cards. According to the Financial Times, an EU commission proposed a 0.2% ceiling on all consumer debit transactions and 0.3% cap on credit card transactions, introduced after a two-year transition... More
