AXP - CompoSecure extends American Express contract through July 2026

2023-03-29 12:32:32 ET

• CompoSecure ( NASDAQ: CMPO ) said Wednesday it extended its 20-year contract with American Express ( AXP ) as its provider of premium metal payment cards through July 2026.
• According to ABI Research, the audience for metal cards has expanded, starting with high-net-worth individuals, moving to the mass-affluent, and now sought by Millennial and Gen Z consumers, CompoSecure ( CMPO ) said .
• The company went public in December 2021 when it combined with Roman DBDR, a special purpose acquisition company. Since the combination, CompoSecure ( CMPO ) stock has dropped 30% , compared with the S&P 500's 17% decline during the same period.
• The SA Quant system rates CMPO a Strong Buy with an A+ in profitability and an A in momentum.

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