Expensive Shine at the Premium King! American Express Grows Double-Digit, Yet Costs are Exploding!
Reading Time: 4 minutes
American Express (AXP) delivers exceptional numbers. Record revenue, massive fee growth, and a substantial dividend increase for shareholders. However, success comes at a price. Spending on rewards and customer retention is rising noticeably to defend its premium status against competition. While margins are in the spotlight of critics, the stock could achieve historic levels and displace Apple as the largest position in Warren Buffett's portfolio. American Express - The Premium Network as a Growth Engine American Express stands out from the competition...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
