American Express: Profits Continue Flowing

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.

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