Costco to Stop Accepting American Express: What It Means for Mutual Fund Investors (AXP)
Shauna O'Brien Feb 13, 2015
Inside the News
Shares of American Express plunged on Thursday as management reported that the terminated deal would cut into profits. The deal with Costco accounts for about 20% of its worldwide loans and 10% of its cards in force.
Little Support for Shares
Mutual Funds to Watch
|VTSMX||Vanguard Total Stock Market||1.68%|
|NYVTX||Davis NY Venture||1.33%|
The Bottom Line
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