American Express: The Growth Story Isn't Over (NYSE: AXP)
The purveyor of premium credit cards will see its revenue and earnings continue to increase over time.
Overview
The management team at American Express (NYSE: AXP) is optimistic about the future. Executives expect the company's revenue to increase at 10% per year over the long term, with diluted earnings per share rising at a mid-teens rate. This is a meaningful tailwind that can help fuel investor returns.
This financial stock, which is a top holding for Warren Buffett's Berkshire Hathaway, isn't finished growing. Attracting a younger customer base, adding more value to members, and broader economic and industry trends should propel the top and bottom lines forward.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.