"American Express shares trade richly at 3.2x book value which we continue to believe is pricing for perfection even outside of any potential impact from the DOJ, " Arnold said.

FORBES

In 1983 Mr Safra agreed to sell Trade Development Bank to American Express, then a sprawling financial services group.

ECONOMIST: Banking

Ultimately we trade products for products, and to express oneself in a currency whose value is defined by the dollar is the best way to facilitate those exchanges.

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Around 100, 000 Spanish trade unionists took to the streets in Barcelona Thursday to express their opposition to any tampering with present practices.

CNN: European leaders

This Federal Express disciple, who became the CEO of E-Trade in March 1996, insists that the company has moved beyond the online brokerage business to a new battlefront: unified online finance.

FORBES: After the bubble

This Federal Express disciple, who became chief executive of E-Trade in March 1996 (just as it was launching its online trading portal), insists the firm has moved beyond the online brokerage business to a new battlefront: unified online finance.

FORBES: After the Bubble

"Wells Fargo, Citibank and American Express all have piddly little brokerages, " says E-Trade President Jerry D.

FORBES: After the Bubble

Shares in American Express had rallied into earnings, but fell more than 1% in early after-hours trade.

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