|Bid||94.11 x 900|
|Ask||94.60 x 1000|
|Day's range||93.85 - 97.29|
|52-week range||67.00 - 138.13|
|Beta (5Y monthly)||1.11|
|PE ratio (TTM)||14.23|
|Forward dividend & yield||1.72 (1.82%)|
|1y target est||104.74|
The Federal Reserve recently released the results of 2020 bank stress tests, and while no banks are in serious danger, some would see capital levels fall a bit too low for comfort in a prolonged and deep COVID-19 recession. As a result, the Fed issued a formula to govern bank dividends, and there's a real chance bank investors could see dividend cuts from some major financial institutions. In this episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss the news and what it could mean for bank investors.
American Express Company (NYSE: AXP) provided an update today on its capital plans following further instructions from the Board of Governors of the Federal Reserve System regarding the 2020 Comprehensive Capital Analysis and Review (CCAR).
American Express (AXP) closed the most recent trading day at $94.52, moving +1.18% from the previous trading session.
American Express, which has a long history of backing small businesses, today announced its largest-ever global Shop Small Campaign, that includes a commitment of more than $200 million over the next several months to help jumpstart spending at small merchants1, many of which were impacted by COVID-19. Additionally, in continuation of our longstanding support for minority-and women-owned businesses, American Express is building a coalition, with the U.S. Chamber of Commerce Foundation, that will bring together the U.S. Black Chambers, the National Black Chamber of Commerce, the National Business League and Walker’s Legacy with a $10 million pledge over the next four years to fund a program that will provide grants to U.S. Black-owned small businesses to assist in their recovery and address the challenges they face due to racial and social inequalities. A portion of the grant will also fund building the capacity of the network by offering leadership development and business mentoring. More information will be available at ShopSmall.com.
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Let's see if American Express (AXP) stock is a good choice for value-oriented investors right now from multiple angles.
American Express Company (NYSE: AXP) plans to host a live audio webcast of its earnings conference call at 8:30 a.m. (ET) on Friday, July 24, 2020 to discuss second quarter 2020 financial results.
Benchmarks closed mixed on Thursday as investors digested weekly labor market report and grew concerned over signs of rising coronavirus cases in several states undergoing reopening process.
American Express (AXP) secures license to build a network business for processing domestic and RMB transactions through its joint venture in mainland China.
American Express (NYSE: AXP) announced today that its joint-venture in mainland China, Express (Hangzhou) Technology Services Company Limited ("Express Company"), has received approval from the People’s Bank of China (PBOC) for a network clearing license. With this, American Express becomes the first foreign payments network to be licensed to clear RMB transactions in mainland China. The company expects to begin processing transactions later this year.
China's central bank has given the final nod to a network clearing license for an American Express joint venture, allowing it to be the first foreign credit card company to launch onshore operations in China. The People's Bank of China (PBOC) said in a statement Saturday that it had approved the license for Express (Hangzhou) Technology Services Co., a joint venture between American Express and LianLian DigiTech Co Ltd. It said the move reflected China's continued opening up of its financial industry.
The Zacks Analyst Blog Highlights: AT&T, Disney, PepsiCo, American Express and Bayer Aktiengesellschaft
Dollar General, Hanesbrands, Visa, Mastercard and American Express highlighted as Zacks Bull and Bear of the Day
Apple (NASDAQ: AAPL) is a great stock to own, but the one area where it may be a bit underwhelming is its dividend. Pfizer (NYSE: PFE) is a drug manufacturer with sales all over the world. The New York-based company may not generate the level of long-term growth that you may expect from a top tech stock like Apple, but it can make for a stable, consistent dividend stock to hold in your portfolio.