Should You Buy American Express While It's Below $300?
American Express (NYSE: AXP) is a top company within the financial services industry that has found lasting success. This has propelled its share price, which has risen 268% in the past decade. Including the dividend, the stock has produced a market-beating total return of 326%.Should investors buy this leading credit card and payments business while its shares trade just below $300 (as of Feb. 24)? Investors should consider the bull and bear arguments before making a decision that could impact their portfolios.One of the top reasons investors should consider buying American Express is its wide economic moat. This means the company possesses sustainable competitive strengths that allow it to keep rivals at bay.Continue reading
American Express (NYSE: AXP) is a top company within the financial services industry that has found lasting success. This has propelled its share price, which has risen 268% in the past decade. Including the dividend, the stock has produced a market-beating total return of 326%.
Should investors buy this leading credit card and payments business while its shares trade just below $300 (as of Feb. 24)? Investors should consider the bull and bear arguments before making a decision that could impact their portfolios.
One of the top reasons investors should consider buying American Express is its wide economic moat. This means the company possesses sustainable competitive strengths that allow it to keep rivals at bay.
