Which Financial Stock Would Hold Up Better in a Recession: PayPal or American Express?
The blue chip leader will remain more resilient than the fintech challenger.
Overview
American Express (NYSE: AXP) and PayPal (NASDAQ: PYPL) both changed how people spend money. American Express is one of the world's largest credit card companies, and PayPal is one of the top digital payment platforms. American Express is often considered a slower-growth blue chip stock, while PayPal usually attracts growth-oriented investors.
But over the past five years, American Express' stock has more than doubled, while PayPal's has plummeted nearly 80%. Let's see why that divergence occurred -- and if American Express will continue to outperform PayPal when the next recession hits.
Image source: Getty Images.
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Source
Originally published at www.fool.com.
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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.