Basking after an impressive quarter, American Express Co. (NYSE:AXP) (AmEx) announced its intention of buying back shares worth $5 billion within two years, besides initiating about an 11% hike in its regular dividend to 20 cents from the prior 18 cents.
The resolution of a hefty buyback and dividend hike comes after the US Federal Reserve (Fed) passed most of the banks in the annual capital stress-test yesterday, with flying colours. Accordingly, the Fed appeared satisfied about the capital … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards