American Express

AXP-N

NYSE:AXP

97.83
0.34 (0.35%)
The American Express Company, also known as Amex, is an American multinational financial services corporation headquartered in Three World Financial Center in New York City.
More at Wikipedia

Analysis and Opinions about AXP-N

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
March 31, 2014

(A Top Pick May 1/13. Up 33.01%.) They are making a big effort into the smaller merchant business space where 70% of that business is basically Visa (V-N) and MasterCard (MC-N). Hopes to own this one for a very long time.

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(A Top Pick May 1/13. Up 33.01%.) They are making a big effort into the smaller merchant business space where 70% of that business is basically Visa (V-N) and MasterCard (MC-N). Hopes to own this one for a very long time.

PAST TOP PICK
PAST TOP PICK
February 6, 2014

(A Top Pick May 1/13. Up 26.6%.) Getting a little bit difficult to hold for him. At the end of the day he thinks that MasterCard (MC-N), Visa (V-N) and Discover (DFS-N) are a little bit more interesting. There is no evident reason to Sell at this point. Extremely well managed and they don’t often disappoint.

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American Express (AXP-N)
February 6, 2014

(A Top Pick May 1/13. Up 26.6%.) Getting a little bit difficult to hold for him. At the end of the day he thinks that MasterCard (MC-N), Visa (V-N) and Discover (DFS-N) are a little bit more interesting. There is no evident reason to Sell at this point. Extremely well managed and they don’t often disappoint.

COMMENT
COMMENT
January 10, 2014

Visa (V-N) and MasterCard (MC-N) really do the network and don’t have any exposure to the credit side of things, or whether people pay or default on their bills, whereas this company does. Because of this, you are able to buy this on lower multiples, which is attractive. A great franchise. High ROE’s over time. Valuation at this time keeps her on the sidelines.

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American Express (AXP-N)
January 10, 2014

Visa (V-N) and MasterCard (MC-N) really do the network and don’t have any exposure to the credit side of things, or whether people pay or default on their bills, whereas this company does. Because of this, you are able to buy this on lower multiples, which is attractive. A great franchise. High ROE’s over time. Valuation at this time keeps her on the sidelines.

PARTIAL SELL
PARTIAL SELL
November 20, 2013

She doesn’t hold charge card companies. This one has a phenomenal franchise. Recent results were great. The valuation is the problem with owning it. 17 times earnings is slightly above the historical range. Good momentum on the business side and maybe it gets things going.

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American Express (AXP-N)
November 20, 2013

She doesn’t hold charge card companies. This one has a phenomenal franchise. Recent results were great. The valuation is the problem with owning it. 17 times earnings is slightly above the historical range. Good momentum on the business side and maybe it gets things going.

SELL
SELL
November 13, 2013

This is a good company that is doing good things, but it is fully valued. Earnings and revenue growth haven’t kept up with the price appreciation. If you own, it should be sold because it is really fully valued.

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American Express (AXP-N)
November 13, 2013

This is a good company that is doing good things, but it is fully valued. Earnings and revenue growth haven’t kept up with the price appreciation. If you own, it should be sold because it is really fully valued.

DON'T BUY
DON'T BUY
July 12, 2013

Sold his stock at $65 because he thought it was fully valued. This is a fundamentally different company than Visa (V-N) or MasterCard (MC-N). They actually issue credit cards so therefore they take on credit and default risks and bear the burden of this themselves. If there is softness in the economy, which it looks like we are going to have, you will see defaults go up and you’ll see credit risks going into this company. He would be inclined to own something like Visa or MasterCard.

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Sold his stock at $65 because he thought it was fully valued. This is a fundamentally different company than Visa (V-N) or MasterCard (MC-N). They actually issue credit cards so therefore they take on credit and default risks and bear the burden of this themselves. If there is softness in the economy, which it looks like we are going to have, you will see defaults go up and you’ll see credit risks going into this company. He would be inclined to own something like Visa or MasterCard.

WAIT
WAIT
May 15, 2013

As retail sales improve, the credit card companies will go up. However, they have already been bid up a lot, so thinks they are fully priced now.

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As retail sales improve, the credit card companies will go up. However, they have already been bid up a lot, so thinks they are fully priced now.

TOP PICK
TOP PICK
May 1, 2013

Have a lot of the credit concerns behind them. Theoretically they are dealing in the wealthier segment of the market. In the last 4 years, the have spent any excess capital into their technology. Thinks they are going to make some really big strides in mobile payments, digital processing and that whole area. Yield of 1.34%.

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Have a lot of the credit concerns behind them. Theoretically they are dealing in the wealthier segment of the market. In the last 4 years, the have spent any excess capital into their technology. Thinks they are going to make some really big strides in mobile payments, digital processing and that whole area. Yield of 1.34%.

COMMENT
COMMENT
October 24, 2012

This is a different model from MasterCard (MC-N) and Visa (V-N). This is a charge card and the others are credit cards. The other 2 have done quite a bit better than this one.

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American Express (AXP-N)
October 24, 2012

This is a different model from MasterCard (MC-N) and Visa (V-N). This is a charge card and the others are credit cards. The other 2 have done quite a bit better than this one.

DON'T BUY
DON'T BUY
March 12, 2012
Credit card companies have had a big run and Visa has done spectacularly. We are seeing a decrease in savings rate in US again. People are paying down their credit cards with lines of credit, which is not a net reduction in personal debt. Going into next year you are going to start to see a fiscal drag on the economy. That is a big market for the credit card companies. Fewer transactions and more delinquencies. Don’t go into this space.
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Credit card companies have had a big run and Visa has done spectacularly. We are seeing a decrease in savings rate in US again. People are paying down their credit cards with lines of credit, which is not a net reduction in personal debt. Going into next year you are going to start to see a fiscal drag on the economy. That is a big market for the credit card companies. Fewer transactions and more delinquencies. Don’t go into this space.
PAST TOP PICK
PAST TOP PICK
November 14, 2011
(A Top Pick July 22/11. Down 3.17%.)
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American Express (AXP-N)
November 14, 2011
(A Top Pick July 22/11. Down 3.17%.)
TOP PICK
TOP PICK
July 22, 2011
Record card member spending. Up 6% in the US. Up 20+% overseas. Credit card losses are collapsing. They customers are higher end consumers and pay off their bills normally. Earnings are booming.
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Record card member spending. Up 6% in the US. Up 20+% overseas. Credit card losses are collapsing. They customers are higher end consumers and pay off their bills normally. Earnings are booming.
BUY
BUY
May 30, 2011
This one is an exception in that anything doing with US financials has not done well. Had a major sell off in 2008 followed by a wonderful recovery in 2009. Has now stayed in a narrow trading range followed by a breakout this year and looks like it is starting a new major up leg.
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This one is an exception in that anything doing with US financials has not done well. Had a major sell off in 2008 followed by a wonderful recovery in 2009. Has now stayed in a narrow trading range followed by a breakout this year and looks like it is starting a new major up leg.
HOLD
HOLD
July 21, 2010
5.9% Cdn$ bond maturing April 2013. Hold or sell?
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5.9% Cdn$ bond maturing April 2013. Hold or sell?
BUY
BUY
May 19, 2010
Very well priced and trading at about 11-12 times earnings. Earnings are growing at about 11%. (See Top Picks.)
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Very well priced and trading at about 11-12 times earnings. Earnings are growing at about 11%. (See Top Picks.)
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