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EBAY - Is American Express A Buy Following eBay News?
eBay Inc.
2024-06-13 08:00:00 ET
Summary
American Express Company is a credit card company with strong fundamentals, attractive shareholder returns, and a solid growth outlook.
Recent news of eBay dropping AXP as a payment option may not have a major negative impact on the company.
Despite trading slightly ahead of fair value, the Company is reasonably valued with a PEG ratio of around 1.1, making it a potential buy for long-term investors.