• Dan Loeb's Third Point takes friendly stake in AmEx

    6 days ago - By Reuters

    Activist investor Dan Loeb and his Third Point hedge fund is so bullish on American Express that it announced a stake and a projected 30 percent rally in the stock.
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  • Hedge-fund billionaire Dan Loeb reportedly discloses a stake in American Express

    Hedge-fund billionaire Dan Loeb reportedly discloses a stake in American Express

    6 days ago - By Business Insider

    Hedge-fund billionaire Dan Loeb's Third Point Capital disclosed a stake in American Express, according to a report.
    Loeb believes American Express will trade above $135 over the next 18 months - 25% above where shares were trading on Friday.
    Years of lagging performance galvanized the American Express franchise and "forced necessary investments," Loeb said.
    Watch American Express trade in real time here.
    American Express recovered most of its loss on Friday after hedge-fund billionaire Dan Loeb's Third Point Capital reportedly disclosed a stake in the company. Shares erased their loss of...
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  • Daniel Loeb's Third Point takes stake in American Express, sees shares rallying to $135

    6 days ago - By CNBC

    American Express shares pared losses following the news of the stake by the activist hedge fund.
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