NEW YORK American Express Co (AXP.N) shares rose more than 1 percent on Monday after Fox Business News reported that the credit-card company might be acquired by Wells Fargo & Co (WFC.N) or another financial firm.
American Express shares closed up 1.2 percent at $59, after hitting a session high of $59.48.
A Wells Fargo spokesman said the report is not true. An American Express spokeswoman said the company does not comment on rumours or speculation.
(Reporting by Lauren Tara LaCapra; Editing by Richard Chang)
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Published Date: Mar 08, 2016 04:30 AM | Updated Date: Mar 08, 2016 04:30 AM