American Express (New York symbol AXP), is one of the world's biggest financial services companies. Best known for its American Express charge and credit cards, the company gets most of its revenue from fees it charges merchants when cardholders purchase goods and services. It also provides travel-related services, including travelers cheques. Amex issues two types of cards: charge cards, which have no preset spending limit and must be paid in full each month; and traditional credit cards, which let users carry a balance. The company is also a bank that accepts deposits and makes loans. It cuts its credit risk by catering to clients with above-average incomes and good credit. Amex wrote off just 1.9% of its U.S. loans in 2015, up slightly from 1.8% in 2014. Its international write-off rate crept up to 2.2% from 2.1%. American Express is a blue chip stock, and we consider it a lower-risk stock to hold. For more long-term investing strategies, consider following TSI Network and using our three-part Successful Investor strategy: 1. Invest mainly in well-established companies; 2. Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; the Consumer sector; Finance; Utilities); 3. Downplay or avoid stocks in the broker/media limelight. Most investors who successfully build wealth over the long term follow certain investing practices. Find out what they are in our FREE investing guide, The 10 Best Practices of Successful Investors.
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
This company caters to some of the world’s wealthiest individuals with plenty of money to spend as the global economy recovers. This should help its revenue, earnings and share price despite today’s higher loan-loss provisions.
In the meantime, the shares trade at a very reasonable 19.0… Read More
VISA INC., $201.59, New York symbol V, remains a buy.
The company processes credit, debit, prepaid and commercial transactions through its electronic payment networks.
In January 2020, Visa agreed to acquire Plaid Inc. That privately held firm provides software that helps consumers securely link their banking accounts… Read More
Investing in Dollarama stock is appropriate for aggressive investors with a lot of money to spend on this investment
Here’s a look back in time to a question that takes you inside our Inner Circle to find out what kind of investing advice you can… Read More
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
This company caters to some of the world’s wealthiest individuals, who still have plenty of money to spend as the global economy recovers.
This should help the firm’s revenue, earnings and share price bounce back relatively quickly.
AMERICAN EXPRESS CO. (New York symbol AXP; www.americanexpress.com) was once… Read More
The stock price for both American Express and State Street has dropped in the wake of COVID-19. The virus has severely cut air travel and other consumer spending, while also raising the likelihood of higher losses on their existing loans. However, both firms cater to… Read More
FEDEX CORP., $111.06, New York symbol FDX, remains a buy for your long-term gains.
The company delivers packages in the U.S. and 220 other countries.
The stock jumped 19% this week on news that FedEx is starting to resume normal operations in China as that country ramps… Read More
A good way to diversify your Finance sector holdings is with non-banking firms such as American Express and State Street.
Amex continues its successful rebound after Costco dropped it in June 2016 as the only credit card accepted at its U.S. stores. State Street is also… Read More
This major issuer of payment cards continues to expand its user base, revenue and earnings despite the end of an exclusive deal with a major retailer. It has also spent significantly on rewards and other incentives while establishing key international partnerships to further expand into… Read More
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This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
We store subscriber and password files containing personal information securely. These files are stored in secure areas that are not accessible to the general public. We are always working to ensure the security of your personal information.
We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
Automatic Information: We receive and store certain types of information whenever you interact with us. For example, like many websites, we use "cookies," and we obtain certain types of information when your web browser accesses TSI Network.
Information from Other Sources: For reasons such as improving personalization of our service (for example, providing better product recommendations or special offers that we think will interest you), we might receive information about you from other sources and add it to our account information. We also sometimes receive updated delivery and address information from our shippers or other sources so that we can correct our records and deliver your next purchase or communication more easily.
We do reserve the right, however, to collect and perform statistical analyses of the internet traffic to our website for our internal use. However, information collected does not allow us to identify any individual, and will not collect any personal information of the visitor. Furthermore, we do not sell, rent or loan to any outside parties the information collected and analyzed.
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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In addition to these limited disclosures of personal information, TSI Network may provide its affiliates or unaffiliated third parties with aggregate information about visitors to our sites. For example, we might disclose the median ages of visitors to our websites, or the numbers of visitors to our websites that come from different geographic areas. Such aggregate information will not include information of any individual visitors to our websites.
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Except as provided herein, TSI Network will not sell or rent personal information about you to unaffiliated third parties.
We may disclose personal information you have provided through our websites, for the above purposes, to persons or companies that we retain to carry out and other activities for which you have registered or in which you have otherwise asked to participate. In particular, we may for these purposes transfer information to any country (including the USA and other countries which may not offer the same level of data protection as Canada). We also will disclose personal information if required by law, including compliance with warrants, subpoenas or other legal processes.
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How do we maintain the integrity of your personal information?
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How can you ask questions about our Privacy Policy and access your personal information?
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What Choices Do I Have?
Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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