American Express Company (AXP) Is Soaring Past the Dow (.DJI)

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Visa and Mastercard boast many times more payment volume, transactions, and cardholders as American Express Company (NYSE:AXP), yet they both have net incomes about half that of AmEx. American Express’ focus on high-income customers is also an advantage, because high-income individuals have more money in the stock market and are gaining wealth from the market’s relentless rise.

The article American Express Stock Is Soaring Past the Dow originally appeared on Fool.com and is written by Dan Dzombak.

Dan Dzombak can be found on Twitter @DanDzombak or on his Facebook page, DanDzombak. He has no position in any stocks mentioned. The Motley Fool recommends American Express, MasterCard, and Visa. The Motley Fool owns shares of MasterCard.

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