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AmEx Investor Day Reassures Investors, But Not Analysts
Friday, March 11, 2016 - 2:04pm | 843Read More...American Express Company (NYSE: AXP) held its annual Investor’s Day event Thursday, hoping to reassure investors spooked by the company’s loss of the Costco Wholesale Corporation (NASDAQ: COST) co-brand account, and its announcement of $1 billion in cost reductions last month. The...
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A Good Day For The Payments Industry
Thursday, December 18, 2014 - 8:56am | 518Read More...The three big players in the payments industry -- Visa Inc (NYSE: V), Mastercard Inc (NYSE: MA) and American Express Company (NYSE: AXP) -- received positive ratings from research firms on Wednesday. The stocks of these companies all trended upward Wednesday and were higher in Thursday...
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Morgan Stanley Initiates Coverage On American Express, 'Sunny Blue Skies Ahead'
Wednesday, December 17, 2014 - 8:37am | 196Read More...Cheryl Pate of Morgan Stanley initiated coverage of American Express Company (NYSE: AXP) on Wednesday with an Overweight rating and $110 price target. "We are Overweight Amex based on our expectation of accelerated US card spend, driven by 1) ramping consumer spending and 2) higher...
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UPDATE: Morgan Stanley Upgrades CIT Group On Positive Merger Outlook
Monday, July 28, 2014 - 7:58am | 90Read More...In a report released Monday, Morgan Stanley analyst Cheryl Pate upgraded CIT Group (NYSE: CIT) from Equal-Weight to Overweight and raised its price target from $46 to $57. Analysts at Morgan Stanley favor CIT Group's announcement to acquire One West and believes shares have not fully priced...
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Morgan Stanley Maintains on CIT Group as 2014 Expects Lower Capital Managment
Wednesday, January 22, 2014 - 10:25am | 131Read More...In a report published Wednesday, Morgan Stanley analyst Cheryl Pate maintained Equal-Weight on CIT Group (NYSE: CIT) as lower capital management is expected in 2014. According to the report, while CIT's 4Q13 share buybacks were slightly higher than the analyst's forecast, the forward look is more...
