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Financial stocks for your portfolio: American Express Company (AXP), Regions Financial Corporation (RF)

Category: Loan Center Published: Friday, 08 July 2016 Written by Chance Allen

American Express Company (AXP) ended last trading session with a change of -0.55 percent. It trades at an average volume of 4.68M shares versus 3.46M shares recorded at the end of last trading session. The share price of $61.95 is at a distance of 23.83 percent from its 52-week low and down -23.15 percent versus its peak. The company has a market cap of $58.98B and currently has 952.11M shares outstanding. The share price is currently -3.79 percent versus its SMA20, -3.6 percent versus its SMA50, and -5.53 percent versus its SMA200. The stock has a weekly performance of 0.86 percent and is -10.1 percent year-to-date as of the recent close.

June 22, 2016 In an effort to promote further adoption of EMV in the US, American Express (AXP) announced changes to its EMV chargeback policy to help merchants limit their fraud costs as they upgrade their point-of-sale systems. By the end of August 2016, merchants will not be held liable for chargebacks for counterfeit fraud when a transaction is under $25. In addition, by the end of 2016 American Express also plans to limit the number of counterfeit fraud chargebacks to a total of 10 per card account. The card issuer - not the merchant - will bear the financial liability for any additional counterfeit fraud transaction that is disputed on a card account after 10 chargebacks. This limit does not prevent a Card Member from disputing additional fraudulent transactions.

Regions Financial Corporation (RF) recently recorded -0.55 percent change and currently at $9.12 is 32.14 percent away from its 52-week low and down -13.83 percent versus its peak. It has a past 5-day performance of 0.22 percent and trades at an average volume of 19.5M shares. The stock has a 1-month performance of -3.05 percent and is -3.65 percent year-to-date as of the recent close. There were about 1.29B shares outstanding which made its market cap $11.73B. The share price is currently -4.36 percent versus its SMA20, -1.46 percent versus its SMA50, and 3.26 percent versus its SMA200.

On June 22, 2016 Regions Financial Corporation (RF) Regions Bank announced that it has appointed Bill Horton, Regional President of the South Region, to lead an expanded Commercial Banking Group reporting to John Turner, head of the Corporate Banking Group.

The realigned Commercial Banking Group combines Regions' existing Business Banking and Commercial Banking businesses and will serve small and middle-market companies through relationship managers located across the company's footprint. Regions' Treasury Management and Business Loan Center underwriting groups will also report to Horton.

"Streamlining our commercial banking businesses under Bill's leadership will create a consistent, simplified approach across our markets that enhances our bankers' ability to deepen relationships with clients, understand their needs and provide the best solutions," said Turner. "Bill has more than 40 years of experience serving commercial clients and working with bankers across our markets, and I'm pleased to have him leading our efforts to meet the needs of business clients."



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