2024-03-27 05:07:55 ET
Summary
- American Express offers above-market double-digit growth, a strong brand, and a healthy dividend with a reasonable valuation.
- The company operates a "closed loop" payment system, generating proprietary data on customer spending habits.
- American Express has a track record of consistently growing dividends and reducing outstanding shares, resulting in high shareholder returns.
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American Express: Plenty More Growth Ahead