Business Analysis

Business Analysis Part II The global economy is present signs of recovery and signs of stabilization are emerging in the join States, but high debt levels and rising oil prices are lighten signs of setbacks. American stockpile chairman, Kenneth Chenault, said in a statement, epoch the economic outlook is improving, the company (American Express) still faces the challenges of high unemployment pass judgment and weaker household finances. A credit card act went into outlet February 22, 2010 which limits card issuers ability to apply Internet rates and imposes penalisation fees. banking concerns will no longer be able to reuse rates in existing balances unless payments are more than 60 days late. American Expresss Chief Financial Officer, Dan Henry, says that the regulations could degrade American Expresss yields on credit cards, which were 9.7%. (American Express, Capital cardinal Shares Tumble As New Credit Card Rules Near, 2010). overflowing Smith, writer for Motley Fool, began his Mar 15, 2012 article, as much(prenominal) Good news! The Federal Reserve just ran its tercet round of stress tests, checking up on the fiscal health of Americas biggest banks. Most banks passed ... Out of 19 big fiscal institutions put through the wringer, 15 passed with flying colors. The fifteen banks he communicate of as passing were Wells Fargo, U.

S. Bancorp, BB&T, American Express, KeyCorp, PNC, Morgan Stanley, Goldman Sachs, and Bank of New York Mellon. He continues that these banks were found to be so commission with cash that the Fed granted them permission to spend their extra ice lolly on boosting dividends to shareholders and buying back shares (which boosts earnings per share for these homogeneous shareholders). I would say that this is a report of great financial health. However, if this is not enough, read the results of the financial statements of the three I take in chosen to compare: American Express, JP Morgan Chase, and US BanCorp. American Express provides Charge and Credit... If you want to get a full essay, show it on our website: Ordercustompaper.com

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