High-quality clientele gives Amex an edge

Re-opening of the economy has spurred spending on travel and entertainment. It has also spurred American Express shares, which have recovered strongly from their pandemic low of $67. We still like the company’s long-term outlook, particularly as its focus on affluent clients helps keep credit… Read More

AMEX’s clients pay their bills

AMERICAN EXPRESS CO. $159 is a buy. The company (New York symbol AXP, Conservative Growth Portfolio, Finance sector; Shares outstanding: 749.8 million; Market cap: $119.2 billion; Price-to-sales ratio: 2.5; Dividend yield: 2.1%; TSINetwork Rating: Average; www.americanexpress.com) is one of the world’s largest issuers of payment cards.
Despite rising interest… Read More

SPAC deal helps unlock value

AMERICAN EXPRESS CO. $162 is a buy. The famed payment card issuer (New York symbol AXP; Fiannce sector; Shares outstanding: 774.6 million; Market cap: $125.5 million; Dividend yield: 1.1%; Takeover Target Rating: Medium; www.americanexpress.com.com) also owns 50% of American Express Global Business Travel, a firm that provides specialized travel… Read More

Big rebound for Amex

AMERICAN EXPRESS CO. $153 is a buy. The company (New York symbol AXP, Conservative Growth Portfolio, Finance sector; Shares outstanding: 805.6 million; Market cap: $123.3 billion; Price-to-sales ratio: 3.7; Dividend yield: 1.1%; TSINetwork Rating: Average; www.americanexpress.com) was once best known for its travellers cheques and travel-related services. Today,… Read More