Think American Express Is Expensive? This Chart Might Change Your Mind.
Glancing at the latest closing price of American Express (NYSE: AXP) might produce a degree of sticker shock. Anyone interested in buying into the storied credit card giant will have to part with more than $310 for a mere single share of the company.Many famous stocks are a fraction of that amount, but over time, the card titan tops more than a few of them on one crucial financial metric.That quite basic yardstick is net income. Witness the pleasing upward slope of AmEx's headline profitability over time, particularly in these past few years: Continue reading
Glancing at the latest closing price of American Express (NYSE: AXP) might produce a degree of sticker shock. Anyone interested in buying into the storied credit card giant will have to part with more than $310 for a mere single share of the company.
Many famous stocks are a fraction of that amount, but over time, the card titan tops more than a few of them on one crucial financial metric.
That quite basic yardstick is net income. Witness the pleasing upward slope of AmEx's headline profitability over time, particularly in these past few years:
