The money transfer company was sold-off by many investors after the disappointing the third-quarter results of the company. The company announced a 1% increase in sales and raised dividends by 25 percent and increased share buybacks to $750 million, but lowered the guidance in accordance to lower second-half revenues and a higher competition. The stock dropped around thirty percent and the current dividend yield after the dividend hike is over 4% at a P/E ratio of less than 7. Morningstar analysts estimated the fair value of the company at $25.0 which represents a potential to double.

American Express Company (NYSE:AXP) is a global service company The Company's principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world. American Express Company achieved its new price of $53.42 where it was opened at $52.93 UP 0.66 points or +1.25% by closing at $53.33.

This morning, Visa Inc (NYSE:V) and MasterCard Inc (NYSE:MA) are surging sharply higher. The catalyst for the rally in these two leading stocks is a strong reaction to the MasterCard earnings announcement. MA stock will have some short term intra-day resistance around the $385.00 level. Visa Inc stock is obviously trading higher in sympathy to the MasterCard earning report.

American Express Company (NYSE:AXP) announced the launch of the American Express for Target Card, a reloadable prepaid card with no monthly or maintenance fees, available exclusively at more than 1,000 U.S. Target stores. The launch of this Card provides millions of Americans with easy access to a consumer-friendly payment solution that is loaded with benefits, not fees.