American Express: Profits Continue Flowing

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Summary

  • American Express reported Q115 earnings that easily surpassed analyst estimates.
  • The company continues producing solid profits and returning capital to shareholders.
  • The stock is expensive considering the lack of growth, but the situation is hardly dour.
Despite troubling headwinds, the profits at American Express (NYSE:AXP) continue flowing. The future of the premium credit card network doesn't appear nearly as dour as predicted by headlines following recent well-publicized customer defections.

Read the full article on Seeking Alpha.


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