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

Shift to online payments will lift these two

Both Visa and American Express stand to gain from the ongoing shift to online shopping and payments. Moreover, the COVID-19 pandemic has accelerated that shift and should partially offset the current slowdown in credit card spending. Still, in the short-term, the earnings of both companies… Read More