$37.21 -0.53 (-1.40%)
11/6/2009 4:00 PM

American Express Company (AXP)

CAPS Rating: 3 out of 5

The Company, together with its consolidated subsidiaries is a global payments, network and travel company which offers its products and services throughout the world.

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Member Avatar docmai (< 20) Submitted: 10/3/2008 12:43:12 PM : Outperform Start Price: $32.11 AXP Score: +19.98

AXP will outperform based on its historic emphasis on higher earners. In this market, it will become more important for these people to use credit. Although they are experiencing a higher percentage of defaults than in the past, I believe this is due to their shift toward a broader market. However, they recognize this and are adjusting their marketing strategy.

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