Reuters: JP Morgan reinitiates AmEx with underweight

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JP Morgan reinitiates AmEx with underweight
      
   
      

(Reuters) - American Express Co  may have to set aside a significant amount of money to cover more losses in the next few quarters as U.S. credit card defaults are expected to remain high, analysts at J.P. Morgan Securities said, as they reinitiated the stock with an "underweight" rating.<div class="feedflare">
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