AXP - Where Will American Express Be In 5 Years?
2024-02-08 08:29:00 ET
In the past five years, American Express (NYSE: AXP) stock has doubled, climbing 100% (as of Feb. 2). This fantastic gain translates to a roughly 15% compound annual growth rate, a return that outperformed the broader S&P 500 .
This credit card issuer and payments network has performed well for investors in the past. But where will American Express be in five years? There are lots of reasons to be optimistic.
With technological innovation moving faster and faster these days, most recently with the rise of artificial intelligence , investors seem to be overly focused on trying to figure out how things will change in the future. This sounds like a smart tactic, but making predictions is incredibly hard to do accurately. It's better, in my opinion, to direct our attention to what's going to stay the same.
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Where Will American Express Be In 5 Years?