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NYSE:AXP

American Express (AXP)

339.67
+1.67 (0.49%)
as of Jun 18, 2026, 11:53:58 pm Market Open.
68 watching
0
BUY

Overall volumes rose 16% YOY as cross-border travel continues to increase.

BUY

Shares popped last Friday on strong travel figures in the jobs report. Some see the end of the post-Covid travel boom. He disagrees.

BUY
Upgraded today

They had a great quarter and is now trading at an historic low of 12x. A high proportion of their sales comes from travel/leisure which is strong.

BUY
Allan Tong’s Discover Picks

AmEx reported Q1 on April 20 that revenue rose 22% year-over-year to achieve a quarterly record. Notably, Card Member spending climbed 16% on an FX-adjusted basis while shared Travel and Entertainment spending jumped 39%. U.S. consumer services revenue jumped 25% YOY while commercial services revenue added 15%. International card services revenue increase 22% and global merchant and network services revenue rose 23%. Read Travel winners & losers for our full analysis.

BUY

AmEx reported last week that YOY goods and services revenues were up 10%, travel and entertainment up 30%, GenXers spending 14% more and Millennials and GenZ 28%.

BUY

It reports Thursday. Had a fine previous quarter. Cross-border travel is a big deal, so look for comments.

BUY

Gas prices are coming down and consumer spending remains strong.

BUY

A Warren Buffett core holding. He gradually built his holdings in the late-80s and into the 1990s then didn't touch the shares. Coke and AmEx are now among his largest holdings. Total cost: $1.3 billion apiece. Last year, he earned $704 million in dividends from Coke + $302 million from AmEx in 2022 alone.

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Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK

AmEx itself boasted 24% revene growth in Europe in its last quarter while travel and entertainment spending popped 57%. The bears warn that a recession will dampen spending, even for these well-heeled cardholders, and that's a fair point. However, that pessmism has already penalized these shares, which still trade at a low 14.76x earnings.

COMMENT
It's a good example of reporting a good number and guiding up, and yet the market doesn't like it, because it expects a recession soon and rates keep going up. It's doesn't matter if people are using their AmEx card a lot in traveling and buying luxury goods. The market thinks this will slow down a lot and is penalizing the company for being the travel and luxury sector.
BUY
Amex's loan loss provisions increased by $200 million, more than the street expected. AXP caters to the high-end consumer who is not totally immune to a downturn if that happens. These stocks are hard to own, but Amex has done really well with 24% revenue growth in Europe; travel and and entertainment was up 57%. It's performed well vs. other financials. He'll continue to own it.
BUY
It's a well-run business. Management is already absorbing a potential economic slowdown in its growth projection; they know it's happening. They said that consumers are out and about (and spending). Trades at only 13x earnings. Earnings will accelerate and they have a diversified consumer base.
BUY
They report Friday. Amex is best in class. He expects a good quarter.
BUY
Boasts 30% net revenue growth. The consumer is still doing well.
TOP PICK
AXP has deployed cash well by buying back shares and raising their dividend. Warren Buffet last bought AXP in 1998, owning 11%, but without adding another share, he now owns 20% because of ongoing share buybacks. Trades have declined from recession fears and business travel is down. However, AXP is consistently profitable through thick and thin. Great cash flow yield. (Analysts’ price target is $178.00)
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