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American Express' (NYSE:AXP) relatively affluent customer base should largely insulate it from the expected deceleration of spending by U.S. consumers, while the valuation of AXP stock is significantly below that of its peers. Moreover, in July, the company reported strong second
Analyst’s Disclosure:I/we have a beneficial long position in the shares of AXP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
My wife owns a very small amount of AXP.
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