Meredith Whitney Said Happy Things About American Express (AXP)

January 14, 2009 4:48 PM UTC
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Price: $301.00 -2.02%

Rating Summary:
    18 Buy, 26 Hold, 3 Sell

Rating Trend: Up Up

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    Up: 0 | Down: 0 | New: 0
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On CNBC, pessimistic Oppenheimer banking analyst Meredith Whitney said American Express (NYSE: AXP) could be one of the few financial companies that looks interesting right now.

Whitney said American Express may be involved with M&A for credit card receivables.

Whitney said at the current price ($17.83) it still looks pricey, but if it gets down to $15 it could be a buy.

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Meredith Whitney, EIM Group