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  • WASHINGTON— MasterCard on Friday became the first major credit card company to say it will start handling U.S. card transactions in Cuba. Citing new guidance from the U.S. Department of Treasury, MasterCard said it would begin processing swipes by U.S. card holders in Cuba beginning March 1. MasterCard Inc., which is based in Purchase, New York, said in a statement...

  • Midday Glance: Credit Card companies Friday, 23 Jan 2015 | 1:31 PM ET

    American Express Co. rose$. 46 or. 5 percent, to $84.83. Discover Financial Services rose$. 10 or. 2 percent, to $57.42. Mastercard rose$. 10 or. 1 percent, to $84.48.

  • Early Glance: Credit Card companies Friday, 23 Jan 2015 | 11:24 AM ET

    American Express Co. rose$. 85 or 1.0 percent, to $85.22. Capital One Financial Corp. rose $2.02 or 2.7 percent, to $78.22. Discover Financial Services rose$. 46 or. 8 percent, to $57.78.

  • Final Glance: Credit Card companies Thursday, 22 Jan 2015 | 6:05 PM ET

    American Express Co. fell $3.30 or 3.8 percent, to $84.37. Capital One Financial Corp. fell $1.01 or 1.3 percent, to $76.20. Discover Financial Services fell $3.52 or 5.8 percent, to $57.32.

  • Jan 22- Capital One Financial Corp, one of the largest credit card issuers in the United States, reported a quarterly profit that narrowly missed Wall Street's estimates as the company set aside more money to cover bad loans. Net income attributable to the company's shareholders rose to $974 million, or $1.73 per share, from $835 million, or $1.43 per share.

  • Capital One quarterly profit rises 16.6 pct Thursday, 22 Jan 2015 | 4:23 PM ET

    Jan 22- Credit card issuer Capital One Financial Corp reported a 16.6 percent rise in quarterly profit as the company's net interest income rose. Net income attributable to shareholders rose to $974 million, or $1.73 per share, for the fourth quarter ended Dec. 31, from $835 million, or $1.43 per share, a year earlier. Total net revenue rose about 4.9 percent to $5.81...

  • Midday Glance: Credit Card companies Thursday, 22 Jan 2015 | 1:29 PM ET

    American Express Co. fell $2.68 or 3.1 percent, to $84.99. Capital One Financial Corp. fell $1.74 or 2.3 percent, to $75.47. Discover Financial Services fell $3.78 or 6.2 percent, to $57.06.

  • Early Glance: Credit Card companies Thursday, 22 Jan 2015 | 12:09 PM ET

    American Express Co. fell $3.56 or 4.1 percent, to $84.11. Capital One Financial Corp. fell $1.54 or 2.0 percent, to $75.67. Discover Financial Services fell $4.92 or 8.1 percent, to $55.92.

  • Jan 21- More than 4,000 employees of American Express Co will lose their jobs over the next year as part of a restructuring program at the credit card company, a spokeswoman said. This will occur over the course a year throughout the organization, " Marina Hoffmann Norville, a spokeswoman for American Express, said in an email. It said American Express would continue...

  • Final Glance: Credit Card companies Wednesday, 21 Jan 2015 | 6:01 PM ET

    American Express Co. rose$. 41 or. 5 percent, to $87.67. Capital One Financial Corp. fell$. 18 or. 2 percent, to $77.21. Discover Financial Services fell$. 03 or percent, to $60.84.

  • Discover's 4Q profit falls 33 percent on one-time charges Wednesday, 21 Jan 2015 | 5:28 PM ET

    Discover Financial Services' net income fell 33 percent in the last three months of 2014, as several one-time charges cut into gains in credit card and loan revenue. The latest results fell short of Wall Street's expectations, sending shares in the credit card issuer and lender down 3.3 percent in aftermarket trading Wednesday. Discover's earnings also were...

  • Jan 21- Credit card issuer Discover Financial Services Inc reported a 33 percent drop in quarterly profit as it set aside more money to cover bad loans. Discover's net income allocated to shareholders fell to $392 million, or 87 cents per share, from $588 million, or $1.23 per share, a year earlier. The company's larger rival American Express Co reported a 10.7...

  • Jan 21- Credit card issuer Discover Financial Services Inc reported a 33 percent drop in quarterly profit as it set aside more money to cover bad loans. The company's net income allocated to common shareholders fell to $392 million, or 87 cents per share, in the fourth quarter ended Dec. 31, from $588 million, or $1.23 per share, a year earlier. Revenue, net of interest...

  • AmEx profit rises 10.7 pct Wednesday, 21 Jan 2015 | 4:22 PM ET

    Jan 21- American Express Co, the world's largest credit card issuer, reported a 10.7 percent rise in fourth-quarter profit as customers in the United States spent more using its cards and the company earned higher net interest income. Net income rose to $1.45 billion, or $1.39 per share, for the fourth quarter ended Dec. 31, from $1.31 billion, or $1.21 per share, a year...

  • Midday Glance: Credit Card companies Wednesday, 21 Jan 2015 | 1:22 PM ET

    American Express Co. fell$. 03 or percent, to $87.23. Capital One Financial Corp. fell$. 19 or. 2 percent, to $77.20. Discover Financial Services fell$. 42 or. 7 percent, to $60.45.

  • Early Glance: Credit Card companies Wednesday, 21 Jan 2015 | 10:45 AM ET

    American Express Co. fell$. 04 or percent, to $87.22. Capital One Financial Corp. fell$. 08 or. 1 percent, to $77.31. Visa Inc. fell$. 04 or percent, to $256.80.

  • Final Glance: Credit Card companies Tuesday, 20 Jan 2015 | 6:35 PM ET

    American Express Co. rose $1.22 or 1.4 percent, to $87.26. Capital One Financial Corp. rose$. 74 or 1.0 percent, to $77.39. Discover Financial Services rose$. 70 or 1.2 percent, to $60.87.

  • NEW YORK— Outerwall Inc., which owns the Redbox DVD rental service and Coinstar coin-counting machines, said Tuesday that its CEO has resigned and a board member will serve as interim CEO while the company seeks a successor. Outerwall said its CEO J. Scott Di Valerio has left the company. The company expects quarterly earnings per share of $2.40 to $2.52, compared...

  • Midday Glance: Credit Card companies Tuesday, 20 Jan 2015 | 1:33 PM ET

    American Express Co. rose$. 75 or. 9 percent, to $86.79. Capital One Financial Corp. rose$. 47 or. 6 percent, to $77.12. Discover Financial Services rose$. 34 or. 6 percent, to $60.51.

  • Early Glance: Credit Card companies Tuesday, 20 Jan 2015 | 10:33 AM ET

    American Express Co. rose$. 58 or. 7 percent, to $86.62. Capital One Financial Corp. rose$. 01 or percent, to $76.66. Discover Financial Services rose$. 45 or. 7 percent, to $60.62.