American Express Company: A Bull Case Theory

We came across a bullish thesis on American Express Company on Chit Chat Stocks Newsletter’s Substack by Brett Schafer. In this article, we will summarize the bulls’ thesis on AXP. American Express Company's share was trading at $298.59 as of June 20^th. AXP’s trailing and forward P/E ratios were 20.85 and 19.76, respectively, according to Yahoo Finance.

[caption id="attachment_1207866" align="aligncenter" width="768"] A close-up of a hand holding a credit card, representing the companies multi-level payment services.[/caption]

American Express remains a high-quality business...