American Express Calls Investment Banks' Bluff [View article]
AXP is the cream of the crop for credit card companies. AXP cardholders charge an average of $12K a year, roughly five times that of Visa or MasterCard holders.
Right there you lost all credibility as MA and V are not banks. They do not have the exposure to debt. They are the transaction processors. I thought this was common knowledge by now.
How Stocks Perform After Being Added to the Dow [View article]
American Express Calls Investment Banks' Bluff [View article]
Right there you lost all credibility as MA and V are not banks. They do not have the exposure to debt. They are the transaction processors. I thought this was common knowledge by now.