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Fly News Breaks for November 16, 2018
COF, AXP
Nov 16, 2018 | 07:26 EDT
Oppenheimer analyst Dominick Gabriele said his new top pick in the credit card space is American Express (AXP) vs. Capital One (COF), as he sees more levers to drive EPS growth upside. In a research note to investors, Gabriele says TTM delinquency formation trends among his credit card coverage reflect a benign credit environment while net charge offs are likely to remain subdued.
News For AXP;COF From the Last 2 Days
COF
Apr 25, 2024 | 16:49 EDT
COF
Apr 25, 2024 | 16:05 EDT
Reports Q1 revenue $9.4B, consensus $9.34B.
COF
Apr 25, 2024 | 13:09 EDT
AXP
Apr 24, 2024 | 08:36 EDT
AXP
Apr 24, 2024 | 06:31 EDT
Wells Fargo raised the firm's price target on American Express to $265 from $250 and keeps an Overweight rating on the shares. The firm sees a good case for management to express greater confidence in or lean to the upper end of the EPS or revenue guide for 2024. With the macro haze fading, Wells believes investors will come away with a greater appreciation of the competitive position and moat.
