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-0.00142062270628614 0.00153900793181022 0.00396590505504922 0.00781342488457453 0.00379424647803966 0.00165739315733397 0.00556410559962115 0.00130223748076239
Stock impact report

Here's Why Shares of Visa, Discover, American Express, and Capital One Are Falling Today [The Motley Fool]

American Express Company (AXP) 
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
Company Research Source: The Motley Fool
What happenedThe stock market is having a rough day today, with theDow Jones Industrial Average 00Credit card stocks were getting hit especially hard. Payment processing giantVisa(NYSE:VDiscover Financial ServicesNYSE:DFSAmerican ExpressNYSE:AXPCapital OneNYSE:COFImage source: Getty Images.So whatThere are two major catalysts for today's negativity in the credit card space: economic data and bank earnings.First, we got some key economic data on Wednesday, and to say that it looks bad would be an understatement. March retail sales fell by 8.7%, the most they haveeverObviously, low retail-sales activity is bad for companies that make their money based on consumer spending. Visa, American Express, and Discover all get a small percentage of the transactions processed on their payment networks (swipe fees), so lower spending can hurt revenue.Second, while much of the information in bank earnings reports wasn't terrible, all of the major banks added billions to their loan loss reserves in t Show less Read more
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