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; 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; was once best known for its travellers cheques and travel-related services. Today,… Read More

Reopening economy will push Amex higher

American Express fell to $67 in March 2020 but has since soared back on expectations the rollout of COVID-19 vaccines will spur vacation and entertainment spending. The company will also continue to benefit as more people shop online. What’s more, its focus on affluent clients… Read More