American Express Co (AXP): Today's Featured Financial Services Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.American Express (AXP) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.6%. By the end of trading, American Express fell $1.47 (-1.9%) to $76.80 on heavy volume. Throughout the day, 16,168,957 shares of American Express exchanged hands as compared to its average daily volume of 5,459,600 shares. The stock ranged in price between $74.62-$77.45 after having opened the day at $75.35 as compared to the previous trading day's close of $78.27. Other companies within the Financial Services industry that declined today were: Piper Jaffray Cos (PJC), down 5.9%, FBR (FBRC), down 4.2%, Cohen & Steers (CNS), down 3.8% and QIWI PLC ADR (QIWI), down 3.0%.
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