November data reported by credit card issuers like American Express Co. and Capital One Financial Corp. may soothe some concerns about an impending recession and credit deterioration, analysts said. Those worries have been contributing to stock market swings in recent weeks, but the latest data look "benign to slightly improved" compared to a year ago, according to Compass Point.
Shares of American Express pared gains of as much as 1.4 percent in midday trading; Synchrony Financial trimmed gains of as much as 2 percent, while Discover Financial Services pared gains of as much as 2.5 percent. Capital One fell as much as 0.9 percent.
Here's what analysts are saying: