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American Express Misses Q3 Earnings Forecast, Stock Falls
What to Watch for in American Express’s Q3 Earnings
American Express Points Don't Expire, but You Can Lose Them!
Is AXP Stock a ‘Sell’ after Its Q1 Earnings?
Today at 7:02 AM ET, AXP stock rose 1.1% to $84.10 in the pre-market session. The company reported its first-quarter earnings results on April 24.
Why Apple Has Been a Savior for Buffett and Berkshire
Berkshire Hathaway Class B shares have fallen 25% in 2020, while the S&P 500 has fallen 28.5%. Apple (NASDAQ:AAPL) is Berkshire Hathaway’s biggest holding.
Delta Stock Soars on Optimistic 2020 Earnings Outlook
Delta Air Lines (DAL) stock soared 3% yesterday after the company provided an optimistic 2020 earnings outlook and disclosed a new investment.
What Berkshire Hathaway Really Does, Says Buffett
Berkshire Hathaway is a huge conglomerate with diverse operations. The company’s operations are complex, so let’s take an easy-to-understand approach.
How Berkshire Hathaway’s Holdings Changed in Q3
On Thursday, Berkshire Hathaway (BRK.B) (BRK.A) released its third-quarter 13F. There were some surprises in the filing. The company took a new stake in RH.
Renaissance Technologies: Analyzing Its Q3 13F
At the end of the third quarter, Bristol-Myers Squibb, Celgene, Biogen, UnitedHealth, and Walmart (WMT) were Renaissance Technologies’ top five buys.
US GDP Shatters Expectations, Pessimists Run for Cover
The US GDP increased at an impressive rate of 1.9% for the third quarter. The growth beat the expectations of around 1.6% for the quarter.
Are Mastercard’s Earnings Results a Win for America?
Mastercard just posted a solid earnings beat. It’s been a blockbuster Q3 for payment companies, with Visa and American Express beating projections, too.
American Express Stock Dips Despite Q3 Revenue Beat
American Express Company (AXP), the New York-based financial services company, released its third-quarter earnings on Friday.
Delta Beats Q3 Estimates, Shares Fall on Revenue Miss
Delta Air Lines (DAL) reported mixed third-quarter results this morning. Its earnings beat analysts’ consensus estimate, but its revenue missed.
Delta Air Lines: Will Its Q3 Earnings Keep Its Streak Alive?
Delta Air Lines (DAL) could register strong year-over-year growth in its Q3 earnings, mainly driven by higher revenues and moderate fuel costs.
Mario Gabelli: What To Do if Market Declines
On August 24, in an interview with CNBC, Mario Gabelli encouraged value investing. He is the CEO, chairman, and founder of GAMCO Investors.
Will Delta Benefit from Partnership with LATAM?
On Thursday, Delta Air Lines announced a partnership with LATAM Airlines in a deal worth $2.25 billion. Delta will acquire a 20% stake in LATAM.
DJIA Ends Day in Green despite Europe’s Grim Data
The Dow Jones Industrial Average Index or DJIA gained a marginal 0.06% today to close trading just below 27,000—despite a bleak picture in Europe’s economy.
Dow Jones Reverses Early Gains, Falls 0.2% Today
The Dow Jones Industrial Average fell 53.44 points (or 0.2%) today, possibly because the market gave a thumbs up to yesterday’s 0.25% rate cut by the Fed.
Dow Jones Index Falls after Rising for Eight Days
The Dow Jones Industrial Average Index has fallen 0.4% or by 115 points today. The index is trading lower after rising for eight consecutive trading sessions.
How Warren Buffett’s Banking Investments Look after Q2
Warren Buffet loves banking stocks. Out of his current portfolio of 47 stocks, five are commercial banks, including two regional banks.
Why American Express’s Q2 Earnings Rose
American Express (AXP) reported its second-quarter earnings results on Friday before the market opened. Its EPS beat analysts’ consensus estimate.
Analyzing Visa’s Valuation after Its Q2 Earnings
Visa (V) is trading at a forward PE ratio of 27.7x, which is higher than its five-year average PE ratio of 24.5x.
Berkshire-Backed StoneCo Tumbles after ITUB Ups Ante
StoneCo (STNE) was trading down 27.6% as of 1:30 PM ET. The negative price action was driven by an announcement by Itaú Unibanco Holding (ITUB).
Visa: Analysts Are Bullish before Its Earnings
Visa (V) has seen three upward revisions in its target price in April. On April 10, Cowen increased its target price for Visa from $161 to $177.
How Visa Stock Might Perform until Its Earnings
The implied volatility in Visa fell by ~12.5 percentage points from January 2 to 18.73% on April 12. Visa stock has risen ~21% during this period.
Will Visa Exceed Its Earnings Estimates Again?
Visa (V) is scheduled to report its second-quarter earnings on April 24. In the quarter ending December 31, Visa reported 7% sequential EPS growth.
IMF and ECB Advocate Central Bank Independence
Despite frequent criticism from Trump, the Fed went ahead with four rate hikes last year.
Delta Airlines Gains on Upbeat Q1 Earnings and Strong Outlook
Delta Airlines stock was up 3% in premarket trading on April 10 after it released better-than-expected results for the first quarter.
Delta-AmEx Renewed Partnership Likely to Drive Revenues
Delta-AmEx renewed deal On April 2, Delta Air Lines (DAL) announced that it had renewed its 23-year long credit-card partnership with American Express (AXP) for another 11 years. The renewed partnership deal, which will run through 2029, is likely to bring in massive incremental revenues for the airline in the next few years. With this […]
Delta Ups Q1 Outlook on Healthy Demand and New Credit Deal
Raises outlook Delta Air Lines (DAL) shares jumped over 6% on April 2 after the company increased its first-quarter guidance. The airline cited robust passenger demand and a renewed credit-card deal with American Express (AXP) as the main reasons behind the upbeat guidance. Delta now expects its first-quarter revenues to increase by 7% YoY (year-over-year), […]
Berkshire Hathaway: Payment Industry in Q1
Berkshire Hathaway (BRK-B) has invested in several payment industry stocks like Visa (V), Mastercard (MA), American Express (AXP), and StoneCo.
Berkshire Hathaway’s Banking Holdings in Q1
Among Berkshire Hathaway’s financial holdings, JPMorgan Chase was the worst performer, while Goldman Sachs was the top performer.
How Warren Buffett Views Apple’s Big Bets on Payment Industry
Earlier this week, Apple (AAPL) announced new services including video streaming, a gaming subscription, and a credit card in partnership with Goldman Sachs (GS).
Boeing Stock: Worst Weekly Fall since 2016
Boeing stock fell 10.3% last week—the biggest weekly loss in the last three years. The stock fell 11.4% during the week ending February 12, 2016.
Was Buffett’s Right Hand, Charlie Munger, Right about Elon Musk?
In the previous part of this series, we discussed why Tesla’s (TSLA) CEO, Elon Musk, might be on the verge of more trouble.
‘Weapons of Mass Destruction’ Cost Berkshire $300 Million in 2018
In his 2002 shareholder letter, Berkshire Hathaway (BRK-B) chair Warren Buffett shared his views on derivatives.
Why Warren Buffett Abandoned an Age-Old Practice This Year
Warren Buffett said, “For nearly three decades, the initial paragraph featured the percentage change in Berkshire’s per-share book value. It’s now time to abandon that practice.”
Buffett to Investors: ‘Focus on the Forest, Forget the Trees’
One of the world’s most successful investors of all times, Warren Buffett believes in investing for the long term.
Warren Buffett’s Firm Earns $3.8 Billion in Dividends in 2018
In Berkshire Hathaway’s (BRK-B) annual shareholder letter, Buffett revealed that his investment firm received dividends of about $3.8 billion from its investees in 2018.
Warren Buffett Shows Why He’s Still the King of Investing
In the previous part of this series, we looked at Berkshire Hathaway’s (BRK-B) huge losses of over $25 billion in the fourth quarter of 2018.
Warren Buffett’s Berkshire Hathaway Lost $25.4 Billion in Q4 2018
On Saturday, February 23, Warren Buffett’s Berkshire Hathaway (BRK-B) released its fourth-quarter earnings report.
Warren Buffett and the Problem with Elephants
In the annual shareholder letter, Buffett lamented the lack of big acquisition opportunities, which he called “elephants.”
Buffett’s Love for Banking Stocks Continued in Q4
Berkshire Hathaway is the largest shareholder in Wells Fargo (WFC), Bank of America (BAC), U.S. Bancorp (USB), and American Express (AXP).
Dan Loeb Increased Third Point’s Position in These Stocks in Q4
In Q4 2018, Third Point initiated a new position in Cigna (CI), which is an American healthcare services organization.
Markets Give a Thumbs Up to ‘True Merger of Equals’
Today, Sun Trust Banks and BB&T announced a merger that would create the sixth largest bank in the United States.
How Buffett’s Top Ten Holdings Fared in Q4
Apple (AAPL), which was Buffett’s top holding at the end of the third quarter, saw a selling spree in the fourth quarter.
Will Warren Buffett’s Huge Bets on the Banking Sector Continue?
In the first three quarters of 2018, world-renowned billionaire investor Warren Buffett’s Berkshire Hathaway increased its bets on the banking sector.
Buffett Raised Bets on U.S. Bancorp and Goldman Sachs in Q3 2018
So far in this series, we’ve looked at Warrant Buffet’s investment firm, Berkshire Hathaway’s (BRK.A)(BRK.B), top five investments in the third quarter.
Mastercard Stock Soars on Stunning Q3 2018 Results
Mastercard (MA) stock rose ~3% in premarket trading on October 30 following its announcement of its impressive third-quarter results.
Behind the PayPal–Amex Partnership
PayPal finished the third quarter with 254.0 million active customers on its platform.
Visa’s Q4 Profit Jumps 34%: A Look at Key Growth Drivers
Visa’s adjusted fourth-quarter EPS jumped 34% year-over-year to $1.21 and surpassed Wall Street analysts’ estimates by a penny.
Improving Economy and Retail Sales to Boost Mastercard’s Q3 Results
A healthy job market and a steady hike in wages have increased the spending power of consumers.
What Will Drive Mastercard’s Third-Quarter Earnings?
Mastercard (MA) is scheduled to report its third-quarter results on October 30.
Visa’s Q4 Results to Gain from Improving Economy and Retail Sales
The US GDP grew 4.2% in the second quarter, which was almost double the 2.2% increase registered in the first quarter.
Higher Payment Volumes to Drive Visa’s Q4 2018 Earnings
Visa (V) plans to report its Q4 2018 earnings on October 24. Analysts expect Visa to report EPS of $1.20, marking YoY growth of 33.3%.
Inside PayPal’s Alliance with American Express and Walmart
PayPal added ~9.1 million net active customers, ending the third quarter with 254.0 million active customer accounts.
Mastercard to Gain from Improving Economy and Rising Retail Sales
The Consumer Confidence Index increased to 133.4 in August from 127.9 in July—its highest reading since its October 2000 reading of 135.8.
Mastercard Near Its 52-Week High: Is Upside Potential Still Left?
Mastercard (MA) stock has risen ~40% YTD. Visa (V) has risen 15%, PayPal (PYPL) has gained 18%, and American Express (AXP) has fallen 1.5%.
Improving GDP and Retail Sales Could Boost Visa’s Platform Usage
Improving GDP growth, a healthy job market, and steady wage growth have increased the disposable income of consumers, thereby giving them greater spending power.
Visa Sizzles on Strong Digitization Trends and Improving Economy
Visa stock (V), which was around $78 at the beginning of 2017, now trades close to $143, a jump of over 83%.
Will Analysts Stay Optimistic about Visa Stock?
In the fiscal third quarter, Visa (V) witnessed strong growth on a YoY (year-over-year) basis in all its primary business metrics.
What Fueled Visa’s Payment Volumes in Fiscal Q3 2018?
In the third quarter, Visa (V) witnessed a rise in payment volumes from the United States on a sequential basis from 10.1% to 10.5%.
Understanding Visa’s Take on Contactless Payments
Visa (V) has been making efforts to increase the use of contactless payments in the United States after experiencing a positive response.
Understanding Visa’s Views on Europe and India
Visa (V) posted total payment volumes amounting to $2.1 trillion in its fiscal third quarter.
How Analysts Rate Mastercard
Analysts’ rating on Mastercard (MA) improved in July compared to June.
Mastercard Has Premium Valuations after Strong Q2 2018 Results
Mastercard (MA) has a price-to-earnings ratio of 28.04x on an NTM (next-12-month) basis compared to the peer average of 15.95x.
Discover Financial’s Q2 2018: Total Loans Grew 9% Year-over-Year
On July 26, Discover Financial Services (DFS) released its earnings report for the second quarter.
Visa Posts Strong Fiscal Q3 2018 Results: Payments Volume Rose
On July 25, Visa (V) posted its third fiscal quarter results. The company posted an EPS of $1.20, which exceeds Wall Street analysts’ expectations.
Berkshire’s Premium Valuations amid Acquisition Expectations
Berkshire Hathaway (BRK.B) stock has risen 4.7% in the last month and 15.9% in the last year.
Capital One’s Net Interest Margin Fell in the Second Quarter
Capital One Financial (COF) posted second-quarter results on July 19.
American Express in Q2: Drivers Could Be Loan Growth, Spending
On July 18, American Express (AXP) is expected to report its Q2 2018. Analysts expect EPS to be $1.82 compared to $1.86 in the first quarter.
Capital One’s Q2: Expectations Amid Trade Wars, Improved Economy
Capital One (COF) is expected to release its Q2 2018 earnings on July 19. Analysts expect EPS of $2.68, a YoY rise of 38.1%.
ETF Inflows Rose amid a Strong Rally in the Market
The rise in US stocks to more than a five-month high prompted investors to put money into ETFs. US-listed ETFs added $8.5 billion last week.
What Factors Could Influence Analysts’ Ratings on Discover?
Growing trade tensions are a primary concern, as they could impact the performances of Discover Financial Services (DFS) and its peers.
What Discover Financial Has in Mind Moving Forward
Discover Financial Services (DFS) generated net interest income amounting to $2.1 billion in the first quarter.
JPMorgan Chase’s Credit Card Lending and Spending
JPMorgan Chase’s (JPM) CCB segment has benefited from consumer spending, credit card revenues, and business lending.
What’s behind Mastercard’s Co-Brand Wins?
The economic and business environment prevailing in an economy affects the business fundamentals of payment processing giants like Visa (V) and Mastercard (MA).
How Analysts View American Express Stock
In June, eight of the 32 analysts covering the stock have given it a “buy” rating, and two analysts have given it a “strong sell.”
American Express Global Commercial Services: What Could Impact It
American Express’s (AXP) Global Commercial Services segment’s non-interest revenues rose 9% YoY in the first quarter.
American Express: What the Second Quarter Holds
The second quarter could be beneficial for American Express (AXP) due to an expected rise in consumer loans and transactions.
Understanding Visa’s Service Revenue and Visa Direct
In fiscal Q3 2018, Visa’s (V) service revenue could rise YoY (year-over-year) due to its payment volumes rising YoY in fiscal Q2 2018.
Discover’s Direct Banking Segment: More Credit Card Loans?
Discover Financial Services’ (DFS) Direct Banking segment generates most of its interest income from credit card loans.
Discover Financial Stock: Analysts’ Ratings
For Discover Financial, nine analysts recommend a “strong buy,” eight recommend a “hold,” and ten recommend a “buy” on the stock.
Discover’s Payment Services Division: What to Expect
At the end of the first quarter, Discover Financial’s Payment Services segment saw total volumes of $88.4 billion.
A Look at Capital One’s Discounted Valuations
Capital One’s (COF) price-to-earnings ratio stood at ~9.1x on an NTM basis compared to the average of its peers of ~16.7x.
What Could Make Analysts Warm Up to American Express Stock?
American Express is being covered by 33 analysts, 17 of whom have recommended “holds” and two of whom have recommended “strong sells” on the stock.
Understanding the Trend in American Express’s Total Expenses
American Express (AXP) incurred total expenses amounting to $6.9 billion in the first quarter, implying a rise of 9% on a YoY (year-over-year) basis.
Assessing Amex’s Global Merchant Services Segment’s Performance
The Global Merchant Services segment’s total revenue (after deducting interest expenses) amounted to $1.2 billion in the first quarter.
A Look at AXP’s International Consumer and Network Services
American Express’s (AXP) International Consumer and Network Services segment is affected by consumer spending levels.
How Mastercard’s Second Quarter Could Shake Out
Wall Street analysts have given Mastercard (MA) an average EPS estimate of $1.5 for the second quarter, reflecting a year-over-year rise.
This Is Why Analysts Love Visa Stock
Analysts expect Visa to reach $140.09 in a year, implying a 7.2% rise from the stock’s current price of $130.72.
What to Expect from Visa in Fiscal Q3 2018
Visa (V) is expected to post EPS (earnings per share) of $1.11 in the third fiscal quarter (ending in June), boosted by strong business fundamentals.
Mastercard Benefited from Certain Regions
Mastercard benefited from the Latin America region. The region witnessed favorable momentum in consumer confidence and lower unemployment.
Mastercard’s Strong Results Beat Earnings and Revenue Estimates
Mastercard (MA) released its earnings report this morning. The company reported earnings per share or EPS of $1.50 in 1Q18.
A Look at Discover’s Discounted Valuations
Discover Financial Services (DFS) has a price-to-earnings ratio on an NTM (next-12-months) basis of ~8.9x, which highlights its lower valuations.
A Look at Discover’s Direct Banking Segment
Discover Financial Services’ (DFS) Direct Banking segment generated pretax income of $3.4 billion in 2017.
Discover Financial: Tax Cuts and Payment Services Division
Discover Financial’s (DFS) Payment Services segment saw a rise in its pretax income from $107.0 million in 2016 to $145.0 million in 2017.
A Look at Mastercard’s Net Revenue
Mastercard (MA) saw positive momentum in its business in 2017 thanks to the adoption of e-commerce.
This Move Could Increase Mastercard’s Transaction Volumes
On April 9, 2018, Mastercard (MA) made an announcement regarding the integration of its Masterpass service with the My Phillips 66 app.