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Posted by
Two Blokes Jun 27 -
Filed in
Stock
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4 views
American Express remains a high-quality, premium franchise, but the stock is priced for near-perfect execution, making new entries trickier. Business fundamentals are strong: cardholder growth, clean credit metrics, and best-in-class ROE, but expense pressures and competition are real risks. Valuation is rich versus peers, justified by superior earnings power and customer loyalty; it's a 'pay up for quality' story, not a value play.
