The company will gain from the recovery of the U.S. economy. Total American Express Company (NYSE:AXP) cards in circulation will reach 32.6 million cards in 2013 from 31.3 million cards in 2012. This will result in an increase in net interest yield from 8.67% in 2012 to 8.97% in 2013. Net interest yield refers to total interest income earned on credit card loans as a percentage of average credit card loan balance.
Overall, all three financial service companies have implemented different strategies to increase stockholders’ returns.
BlackRock, Inc. (NYSE:BLK) is aiming for growth in Europe’s earnings after acquisition of Credit Suisse’s ETF, while Lazard’s cost saving program and share purchase program will bring good prospects for investors.
Potential in the U.S. market and gain from European operations will bring revenue growth for American Express
Therefore, I will recommend a buy for all three stocks.
The article 3 Financial Services Companies Riding the Recovery originally appeared on Fool.com.
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