American Express

AXP-N

NYSE:AXP

134.90
1.68 (1.23%)
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.
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Analysis and Opinions about AXP-N

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
August 12, 2009
Trading at 29X forward earnings and under 10X price to cash flow. Considers this in the bank sector and he wants only the best bank/firm in this space such as Bank of America (BAC-N) or Goldman Sachs (GS-N). He owns both.
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American Express (AXP-N)
August 12, 2009
Trading at 29X forward earnings and under 10X price to cash flow. Considers this in the bank sector and he wants only the best bank/firm in this space such as Bank of America (BAC-N) or Goldman Sachs (GS-N). He owns both.
DON'T BUY
DON'T BUY
June 15, 2009
Has no exposure to credit card companies. There is a case to be made for global growth with either Visa (V-N) or American Express (AXP-N) but with savings rates rising, there could be a bit of a challenge from an earnings standpoint. Would prefer asset managers that could participate from a fee standpoint, or a custodian such as State Street (STT-N).
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Has no exposure to credit card companies. There is a case to be made for global growth with either Visa (V-N) or American Express (AXP-N) but with savings rates rising, there could be a bit of a challenge from an earnings standpoint. Would prefer asset managers that could participate from a fee standpoint, or a custodian such as State Street (STT-N).
DON'T BUY
DON'T BUY
May 20, 2009
Not particularly enamoured with this company. Credit card defaults are probably going to take a little more centre stage in the US over the next little while.
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Not particularly enamoured with this company. Credit card defaults are probably going to take a little more centre stage in the US over the next little while.
DON'T BUY
DON'T BUY
May 15, 2009
Expect it could run out of gas like many of the financials. Will be completely dependent on the economy. Prefers Visa (V-N) because it does not have the credit risks.
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Expect it could run out of gas like many of the financials. Will be completely dependent on the economy. Prefers Visa (V-N) because it does not have the credit risks.
BUY
BUY
April 21, 2009
Has a great deal of strength. Revenue in transaction business and brokerage.
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Has a great deal of strength. Revenue in transaction business and brokerage.
DON'T BUY
DON'T BUY
November 6, 2008
Hit along with all financial service companies. US credit card companies are having higher and rising default rates. Theirs is not just a transaction card but also a credit card.
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American Express (AXP-N)
November 6, 2008
Hit along with all financial service companies. US credit card companies are having higher and rising default rates. Theirs is not just a transaction card but also a credit card.
TOP PICK
TOP PICK
October 7, 2008
Great brand that will be around for 7 or 10 years at least, trading at under 10 times earnings – its lowest in history. Even if we get default rates up to 7 or 8%, they will probably make $2 per share and then up to 3.50 or $4.
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American Express (AXP-N)
October 7, 2008
Great brand that will be around for 7 or 10 years at least, trading at under 10 times earnings – its lowest in history. Even if we get default rates up to 7 or 8%, they will probably make $2 per share and then up to 3.50 or $4.
BUY
BUY
September 10, 2008
(Market Call Minute.) Dominant in their field. Valuation is more compelling than Visa (V-N) and MasterCard (MA-N).
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American Express (AXP-N)
September 10, 2008
(Market Call Minute.) Dominant in their field. Valuation is more compelling than Visa (V-N) and MasterCard (MA-N).
COMMENT
COMMENT
August 14, 2008
US financials look cheap from an overall financial basis but you have to decide if it is going to be a core position. Not a pleasant environment even for this company. Loan losses are going up and their market is deteriorating. Great company and well run but in this environment you'll probably have to buy more at a lower rate.
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American Express (AXP-N)
August 14, 2008
US financials look cheap from an overall financial basis but you have to decide if it is going to be a core position. Not a pleasant environment even for this company. Loan losses are going up and their market is deteriorating. Great company and well run but in this environment you'll probably have to buy more at a lower rate.
BUY
BUY
December 18, 2007
Thinks American financials are probably oversold. Trading at a reasonable multiple of book value and earnings. As long you don't think they have some sort of hidden exposure to the credit markets, you're probably safe buying them.
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American Express (AXP-N)
December 18, 2007
Thinks American financials are probably oversold. Trading at a reasonable multiple of book value and earnings. As long you don't think they have some sort of hidden exposure to the credit markets, you're probably safe buying them.
DON'T BUY
DON'T BUY
June 22, 2007
For the short run, in all financial groups, there is a headwind and that is showing up in the share price. Well-run company, just not the right time to have financial exposure.
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For the short run, in all financial groups, there is a headwind and that is showing up in the share price. Well-run company, just not the right time to have financial exposure.
HOLD
HOLD
April 23, 2007
Good asset in the American Express card. Pays a good dividend. Has the international and emerging-market play.
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Good asset in the American Express card. Pays a good dividend. Has the international and emerging-market play.
TOP PICK
TOP PICK
October 25, 2005
The drop of $5 a share a few weeks ago was not an earnings related issue. It had spun out a company consisiting of its financial advisors. Earnings were quite good in the last report. Record profits. The caveat is if interest rates go up, it might constrict credit card use.
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American Express (AXP-N)
October 25, 2005
The drop of $5 a share a few weeks ago was not an earnings related issue. It had spun out a company consisiting of its financial advisors. Earnings were quite good in the last report. Record profits. The caveat is if interest rates go up, it might constrict credit card use.
TOP PICK
TOP PICK
March 12, 2004
A wonderfully well-managed company. It's in credit cards, but really in charge cards. It has competitive advantages to its model. They don't have to rent the brand such as Visa.
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A wonderfully well-managed company. It's in credit cards, but really in charge cards. It has competitive advantages to its model. They don't have to rent the brand such as Visa.
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