American Express Company (NYSE:AXP)

CAPS Rating: 4 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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Player Avatar Gondite (< 20) Submitted: 7/25/2012 5:29:15 AM : Outperform Start Price: $55.27 AXP Score: +8.27

There are only 4 payment networks, Visa, MC, Discover and AmEx, and AmEx is the cheapest. Also banks get paid a fee by merchants whenever a credit card is used, AmEx gets the biggest fee, banks need money, why not switch to the AmEx network?

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