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American Express

Stock Investing > Mishs Global Economic Trend Analysis

Capital One Chargeoffs Rise To 9.4%; American Express Chargeoffs 10%; Card Issuance Drops 50%

Mike Shedlock | Mon, 06/15/2009 - 3:21pm | American Express, Capital One, credit crunch, economic worries |  7 comments

Credit cards losses are accelerating at Capital One, a trend one should expect to continue given the rapidly rising unemployment rate. Interestingly, Capital One is returning TARP funds. Please consider Capital One Card Write-Offs Advance to 9.4 Percent . Capital One Financial Corp., the Virgin ... Read more

Trading > Calculated Risk

Amex: "Harshest operating environment in decades"

Calculated Risk... | Tue, 01/27/2009 - 11:40am | American Express, American Express business spending, AMEX, business credit, business management in a slow economy, cost of operations, operations, small business loans |  1 comment

From the WSJ: AmEx Earnings Drop 79% "Our fourth-quarter results reflect an operating environment that was among the harshest we have seen in decades," Chief Executive Kenneth I. Chenault said in a statement. He noted overall cardmember spending fell 10% year-over-year, or 5% excluding the ... Read more