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. Read the full article on Seeking Alpha. Disclosure: No positions mentioned. Please review the disclaimer page for more details.