Hedge-Fund Billionaire Dan Loeb Reportedly Discloses a Stake in American Express
- 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...