American Express Company (AXP) recently announced that it is divesting its wholly-owned subsidiary Accertify to Accel-KKR. Accertify provides services like fraud prevention, account protection, payment gateway solutions and chargeback management. This deal will enable Accertify to become an independent entity, post the divestiture and help American Express streamline its operations. The terms of the transaction have not been disclosed yet.Per a report by Fortune Business Insights, the fraud detection and pr ...

Bryan Bedder/Getty Images Entertainment In the world of stocks, there are many great public companies that have a solid return on invested capital, a strong set of products and services, and a competent management team. However, there are comparatively few compounders - stocks that are able to grow at a higher-than-average rate for years and years, compounding an investment's capital many times over. The difference may be difficult to spot at first, but it's there. Compounders are a different breed for ...

This earnings season promises to be an interesting one. A lot is hinging on upcoming earnings, considering company reports set the stage for 2024 while acting as an official close to 2023’s holiday shopping season. For that reason – shopping season uncertainty – retail stocks are ones to avoid this earnings season if you’re even slightly risk-averse. Even a hint of poor holiday performance could send solid retail stocks into a tailspin, as we saw with Target’s (NYSE:TGT) disastrous 2022 earnings.But that do ...

American Express Company (AXP) is in a favorable position for growth, driven by an upswing in card member spending, increasing volumes and sustained business momentum. The resilience witnessed in consumer spending during recent times, despite macroeconomic uncertainties, inflation and a high interest rate environment, is expected to contribute positively to its performance.American Express — with a market cap of $132.7 billion — is a diversified financial services company offering charge and credit payment ...

Technology Leader in Fraud Prevention to Become Independent Entity Post-Closing MENLO PARK, Calif. and ITASCA, Ill., Jan. 16, 2024 /PRNewswire/ -- Accel-KKR, a technology-focused private equity firm, today announced that it has reached an agreement with American Express (NYSE: AXP) to acquire Accertify, a wholly owned subsidiary. Accertify is a leading provider of fraud prevention, chargeback management, account protection, and payment gateway solutions. Accertify's advanced technologies help protect many b ...

funky-data American Express (NYSE:AXP) is often compared with Visa (V) and Mastercard (MA). However, American Express' valuation is usually at half of what Visa and Mastercard are valued at due to misconception of American Express' status as a bank holding company. I believe that this misconception provides a fantastic opportunity for American express to reward investors in the long term. Introduction - History of American Express American Express started in 1850 as an express mail business. It is growi ...

Key PointsRising credit card delinquencies have hugely affected the leading commercial banks in the country. Still, there's a hidden opportunity to this.By focusing on the middlemen of consumer credit, stocks like Mastercard and Visa begin to shine as targets.Even American Express could prove a safe haven in this fallout because of its business model.5 stocks we like better than MastercardThe credit cycle, as well as the business cycle in the United States economy, is getting underway for a major pivot comi ...

American Express (AXP) closed at $182.04 in the latest trading session, marking a -1.62% move from the prior day. This change lagged the S&P 500's 0.08% gain on the day. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy index, added 0.02%.The credit card issuer and global payments company's stock has climbed by 3.45% in the past month, exceeding the Finance sector's gain of 0.69% and lagging the S&P 500's gain of 3.52%.The investment community will be paying close attention to the earnings perform ...

Tracking changes in Warren Buffett's portfolio might just be one of the most enjoyable activities in investing. The celebrated investor has made billions by sticking to some pretty straightforward strategies.One of the industries that Buffett tends to prefer is financial services. Three of his longest-tenured holdings are payment processors American Express, Visa, and Mastercard.While it's easy to understand why these blue chip brands have earned coveted positions in Buffett's exclusive portfolio, keep in m ...

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