American Express on Friday posted steady growth in spending for its fourth quarter, as cardholders leaned into retail and travel purchases.
AXP readies Q4 earnings with EPS seen up 16.8% as network volumes, discount revenues and card growth offset rising engagement costs.
American Express (AXP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
JPMorgan CEO Jamie Dimon warns that President Donald Trump's proposed 10% credit card rate cap would be an "economic disaster" for the U.S.
Guy Spier of Aquamarine Capital is an incredibly intelligent value investor who's heavily influenced by the great Warren Buffett.
U.S. bank stocks fell in morning trading on Tuesday in a broader market decline, as investors awaited clarity on whether the Trump administration's January 20 deadline to implement a 10% cap on credit card interest rates will take effect.
A proposed 10% credit card rate cap could trigger a significant sell-off in financial stocks if enacted. While intended to help consumers, the cap risks harming Americans long-term by disrupting bank profitability and credit access. MA and V, despite not setting APRs, would see lower transaction volumes due to stricter card issuance, pressuring valuations.
President Trump has proposed a 10% cap on credit card interest rates. We speak with experts about what this could mean for consumers, credit card companies, and the economy.
American Express (AMEX) has increased its dividend by 90% in the past five years. AMEX's business model allows it to capture revenue from multiple sides of a transaction.
The White House is weighing an executive action to enact U.S. President Donald Trump's call for a cap on credit card interest rates, Bloomberg News reported on Friday, citing people familiar with the matter.
Trump economic advisor Kevin Hassett said the administration is talking to banks about a "Trump card" that would expand credit access to consumers who merit credit but lack leverage.
President Trump's proposed plan to cap credit card rates at 10% have sent big waves through the financial scene, causing shares of banks and credit card companies to take a fairly sizeable hit.