SOURCE: Rothman Research

Rothman Research

August 20, 2010 08:24 ET

Shareholders Reports on American Express and AmeriCredit -- An Improving Trend Throughout the Credit Services Industry

JOHANNESBURG, SOUTH AFRICA--(Marketwire - August 20, 2010) - undertakes intensive analysis of the credit services industry and provides systematic research on American Express Company (NYSE: AXP) and AmeriCredit Corp. (NYSE: ACF). Sign up today on to get access to these free reports and more.

As the economy starts to recover and people put on confidence, the credit service sector has been gaining traction. Recent quarterly earnings reports show some positive growth which is providing hope that the sector may be pulling out of the tail spin that it has been in during the recession. is a source for investors seeking free information on the credit services industry; investors and shareholders of American Express Company and AmeriCredit Corp. are encouraged to sign up for free at

The beginning of the year did not look promising with charge offs at 10 percent compared to 3.8 percent pre recession. However, the second quarter saw charge offs and delinquencies dropping as borrowers seem to be successfully repaying debt and becoming more financially cautious. With customers borrowing less and paying down more, interest revenues are dropping. Because of this, some lenders are increasing focus on charge and pay-in-full services, which provide fee based revenue.

Despite continued high unemployment and financial woes, Americans seem to be in agreement that something worth spending on, and borrowing for, is education. Earning a degree can double the chances of employment, which in the current environment is a huge incentive. Despite rising costs of education, families are digging deep to pay for college.

On the earnings observation board, companies to have impressed Wall Street in this quarter have been American Express Company and AmeriCredit Corp. amongst a select few. American Express or AmEx as it is fondling called saw its earnings triple to $1.02 billion on revenue of $6.9 billion. Auto finance and subprime lender AmeriCredit Corp. saw its earnings double to $85.5 million this quarter. provides technical analysis and free downloadable research reports on American Express Company and AmeriCredit Corp. by signing up now at or

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