As of the close of trading Friday,American Express shares were at 32.84,down 1.40.Their 52-week range was 9.71-41.80,so they have made up a lot of lost ground since the market's March low.AmEx's price/earnings ratio was 26,which is relatively cheap for a credit card firm,while its dividend was comparatively high,at 2.2%.Barclays Capital favors it as being among those with a declining default rate and prospects for improved earnings over the medium term.
Besides its core credit card business,AmEx offers deposit accounts and prints checks.It has extensive ties with the travel industry as well,offering special deals with a number of cruise line partners.Its brand is among the most prominent and prestigious worldwide,which in itself gets AmEx on many portfolio short lists.
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