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Credit card cos fall on American Express news

NEW YORK
Thu Jan 10, 2008 4:37pm EST

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NEW YORK (Reuters) - Shares of credit card companies fell on Thursday after American Express Co (AXP.N) said a slowdown in cardholder spending and rising delinquencies would lead to a pretax charge of around $440 million for the fourth quarter.

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Shares of Capital One (COF.N) fell 1.7 percent, Discover Financial (DFS.N) fell 1.5 percent and MasterCard (MA.N) shares dropped 3.8 percent in extended trade.

American Express shares fell 5 percent. For more, see <XHR/US>

(Reporting by Kristina Cooke; Editing by Dan Grebler)
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