This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

American Express Surges While IBM Goes to the Earnings Woodshed


NEW YORK ( TheStreet) -- On Monday and Tuesday, I provided my buy-and-trade profiles for 19 companies in two posts.

On Tuesday, I wrote, Intel, Yahoo and Citigroup Headline Tuesday's Earnings, which included eight companies. Five beat earnings-per-share estimates, two missed and one matched.

On Wednesday, I wrote, Bank of America, eBay and IBM Headine Wednesday's Earnings, which included 11 companies, but one delayed its report. Of the 10 that reported, eight beat EPS estimates, one missed and one matched.

Here's today's earnings scorecard:

American Express (AXP) ($80.23) beat EPS estimates by 3 cents with earnings of $1.25 a share. The hold-rated credit-card giant gapped higher trading to a multiyear high at $80.40 on Thursday. My weekly value level is $74.28, with a semiannual pivot at $78.27 and quarterly risky level at $81.05.

Bank of America (BAC) ($14.66) beat EPS estimates by 10 cents, earning 28 cents a share. Helping earnings was a decline of $915 million in reserves for losses. Investors awarded the company even though it reported a quarterly decline of 11% in its mortgage-originations business to $22.6 billion The stock opened on Wednesday above its 50-day simple moving average at $14.29 and advanced to a high at $14.66 yesterday. This hold-rated "too big to fail" money-center bank has a weekly value level at $14.09 and a monthly risky level at $15.03.

Citigroup (C) ($51.12) missed EPS estimates by 4 cents, earning $1 a share. Citigroup reduced reserves for losses by $675 million. This hold-rated "too big to fail" money-center bank reported a 26% decline in fixed-income revenue. The stock traded down to $48.76 on Tuesday, and then moved above its 50-day SMA at $49.78 on Wednesday, trading to a high of $51.22 yesterday. My semiannual value level is $47.14, with a weekly pivot at $48.66 and quarterly risky level at $52.56.

Commerce Bancshares (CBSH) ($45.89) beat EPS estimates by 3 cents, earning 75 cents a share. The stock held its 50-day SMA at $44.06 and rebounded to $45.99 on Thursday. The hold-rated community bank has a weekly value level at $42.83, with a quarterly pivot at $46.12 and semiannual risky level at $47.20.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,056.86 +3.15 0.02%
S&P 500 2,091.68 +2.91 0.14%
NASDAQ 4,808.8230 +1.9640 0.04%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs