SOURCE: StockCall


January 04, 2011 08:36 ET

Research on American Express Company and Discover Financial Services -- Credit Services Industry Issuing Cards to Benefit From Increased Consumer Spending

JOHANNESBURG, SOUTH AFRICA--(Marketwire - January 4, 2011) - offers investors comprehensive research on the credit services industry and has completed analytical research on American Express Company (NYSE: AXP) and Discover Financial Services (NYSE: DFS). Register with us today at to have free access to these researches. 

The total consumer debt declined again in November to $10.6 trillion dollars, down 8.2% from the recession's high in 2008 of $11.5 trillion. As a result the Credit Services sector which includes American Express Company has begun issuing cards more aggressively in an attempt to positions themselves to benefit from eventual growth in consumer spending. Investors can register for free to access the research report on American Express Company at is an online platform where investors doing their due-diligence on the credit services industry can have easy and free access to our analyst research and opinions on American Express Company and Discover Financial Services; investors and shareholders of these companies can simply register for a complimentary membership at

Some companies within the sector have resumed underwriting subprime borrowers now that they see charge-off rates improving. Consumers still appear to be in a deleveraging cycle, as surveys conducted by one of the industry leaders Discover Financial Services showed that most expect to spend less this holiday shopping season with what they do buy being in cash. Investors can register for free to access the research report on Discover Financial Services at

Small businesses are similarly lacking confidence as another recent survey totaled only 25% of owners that feel the economy is improving. Not surprisingly, small businesses have been reluctant to open or use their lines of credit. Visit to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

While the sector is benefiting from a secular shift away from paper transactions in the retail sphere and the growth of online shopping, a recent federal proposal has many credit card companies worried. The new Dodd-Frank financial reform act has provisions to make interchange fees concomitant with the cost to process transactions. If this current proposal designed to protect merchants extends beyond just debit cards into the world of credit, companies within the sector may see another valuable source of revenue disappear. Register now at to have free access to our reports on the credit services industry.

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