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Credit Card Companies The 'Upper-Class' Trust The Most Might Surprise You [Yahoo! Finance]

American Express Company (AXP)  More Company Research Source: Yahoo! Finance
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
The assumption is that people with high net worths have enough money to pay for things upfront and naturally don't need credit cards. However, a recent study by The Motley Fool showed the opposite: Upper-class Americans have more credit cards than the average person, use plastic for day-to-day spending, and even share the costly habit of carrying over balances month to month. Furthermore, when comparing Americans with net worths over $1 million versus average-income earners, the study found a significant difference in trust of credit card issuers. The rankings were mostly the same, with the same companies coming up as most trusted and least trusted under both lists. But the percentage of people who said they trusted the major card issuers across both lists told a different story. Up to 80% of wealthy Americans said they trusted American Express the most, followed closely by Capital One at 78% and Citibank at 77%. But the trust in each issuer was several points lower among upper-clas [Read more]
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Stockreport

Credit Card Companies The 'Upper-Class' Trust The Most Might Surprise You [Yahoo! Finance]

American Express Company  (AXP) 
More Company Research Source: Yahoo! Finance
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
The assumption is that people with high net worths have enough money to pay for things upfront and naturally don't need credit cards. However, a recent study by The Motley Fool showed the opposite: Upper-class Americans have more credit cards than the average person, use plastic for day-to-day spending, and even share the costly habit of carrying over balances month to month. Furthermore, when comparing Americans with net worths over $1 million versus average-income earners, the study found a significant difference in trust of credit card issuers. The rankings were mostly the same, with the same companies coming up as most trusted and least trusted under both lists. But the percentage of people who said they trusted the major card issuers across both lists told a different story. Up to 80% of wealthy Americans said they trusted American Express the most, followed closely by Capital One at 78% and Citibank at 77%. But the trust in each issuer was several points lower among upper-clas [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AXP
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS