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 ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as we ...

American Express (AXP) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this credit card issuer and global payments company have returned +6%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Financial - Miscellaneous Services industry, which American Express falls in, has gained 3.7%. The key question now is: What could ...

Debit card users in nearly a dozen states have been granted the ability to pursue class-action claims against American Express. This follows a Tuesday (Jan. 9) ruling by U.S. District Judge Nicholas Garaufis, Reuters reported Wednesday (Jan. 10). The lawsuit accuses the company of driving up merchants’ fees on transactions, resulting in consumers paying hundreds of millions of dollars in overcharges, according to the report. American Express did not immediately reply to PYMNTS’ request for comment. While cr ...

American Express Company (NYSE:AXP) continues to be on the watchlist for many investors. The ex-dividend date earlier in January was a key factor supporting the stock price. American Express is also set to release earnings on January 26. Considering strong earnings growth expectations, AXP could sustain the $189 valuation in the near term.American Express remains an attractive stock pick for value investors. Long-term investors can still lock value by buying the stock at the current valuation. However, we e ...

American Express Co., Citigroup Inc. and Goldman Sachs Group Inc. marked the largest of six financial firms to draw downgrades at BMO Capital Markets on Wednesday.After a rally by banks and specialty finance stocks from October lows, the sector faces headwinds, even if a recession is avoided in 2024, said BMO analyst James Fotheringham.“Bottom Line: Banks and specialty finance stocks appreciated by almost +40% into year-end (versus S&P 500 SPX ) and now look vulnerable to an impending credit cycle (soft lan ...