American Express quarterly earnings rise

(Reuters) - Credit card issuers including JPMorgan Chase & Co.
and Capital One Financial Corp. last week reported
rising write-offs of bad credit card loans for the second
quarter compared to the same quarter last year, but credit
losses are still at or below historical norms.




Analysts' average estimate of income before one-time items
was 86 cents a share, according to Reuters Estimates. It was
not immediately clear if those results were comparable to
American Express' net income figure.


Read more at Reuters.com Market News

Encysive, KeyCorp, Lyondell, Novellus, Pogo, STEC: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges
today. Stock symbols are in parentheses after company names.
Share prices are as of 10:15 a.m. New York time.

American Express Co. (AXP US) rose $2.38, or 3.9 percent, to
$64.26. The No. 4 U.S. credit-card issuer was upgraded to ``buy''
from ``neutral'' at Goldman, Sachs & Co., which said its card-
network business was ``undervalued'' compared with its rivals.


Read more at Bloomberg Stocks News