American Express (New York symbol AXP), is one of the world's biggest financial services companies. Best known for its American Express charge and credit cards, the company gets most of its revenue from fees it charges merchants when cardholders purchase goods and services. It also provides travel-related services, including travelers cheques. Amex issues two types of cards: charge cards, which have no preset spending limit and must be paid in full each month; and traditional credit cards, which let users carry a balance. The company is also a bank that accepts deposits and makes loans. It cuts its credit risk by catering to clients with above-average incomes and good credit. Amex wrote off just 1.9% of its U.S. loans in 2015, up slightly from 1.8% in 2014. Its international write-off rate crept up to 2.2% from 2.1%. American Express is a blue chip stock, and we consider it a lower-risk stock to hold. For more long-term investing strategies, consider following TSI Network and using our three-part Successful Investor strategy: 1. Invest mainly in well-established companies; 2. Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; the Consumer sector; Finance; Utilities); 3. Downplay or avoid stocks in the broker/media limelight. Most investors who successfully build wealth over the long term follow certain investing practices. Find out what they are in our FREE investing guide, The 10 Best Practices of Successful Investors.
This section is the second part of our discussion on ETFs that represent each of the five main economic sectors. Here we cover ETFs in the Consumer, Manufacturing and Finance sectors.
Please see the supplement section starting on page 49 for more information on our five-sectors… Read More
Capital One Financial recently agreed to merge with Discover Financial Services. The deal, if approved, would create the largest U.S. credit card company by loan volume.
Despite the emergence of a significant new competitor, the shares of American Express rose on the news. The gain reflects… Read More
Re-opening of the economy has spurred spending on travel and entertainment. It has also spurred American Express shares, which have recovered strongly from their pandemic low of $67. We still like the company’s long-term outlook, particularly as its focus on affluent clients helps keep credit… Read More
We’ve long recommended payment card issuer American Express as a great way for investors to diversify their Finance sector holdings beyond the big Canadian and U.S. banks.
The stock took a hit in 2016 when warehouse retailer Costco ended its long-term alliance with Amex and selected… Read More
AMERICAN EXPRESS CO. $159 is a buy. The company (New York symbol AXP, Conservative Growth Portfolio, Finance sector; Shares outstanding: 749.8 million; Market cap: $119.2 billion; Price-to-sales ratio: 2.5; Dividend yield: 2.1%; TSINetwork Rating: Average; www.americanexpress.com) is one of the world’s largest issuers of payment cards.
Despite rising interest… Read More
YUM CHINA HOLDINGS INC., $44.45, New York symbol YUMC, remains a buy, but only for highly aggressive investors.
The stock lets investors tap China’s largest fast-food operator, with 12,163 outlets, mainly under the KFC and Pizza Hut banners.
Yum China was a wholly owned business of Yum… Read More
AMERICAN EXPRESS CO. $162 is a buy. The famed payment card issuer (New York symbol AXP; Fiannce sector; Shares outstanding: 774.6 million; Market cap: $125.5 million; Dividend yield: 1.1%; Takeover Target Rating: Medium; www.americanexpress.com.com) also owns 50% of American Express Global Business Travel, a firm that provides specialized travel… Read More
INTEL CORP., $50.59, Nasdaq symbol INTC, remains a buy.
The company is the world’s leading maker of computer chips: its products power 90% of all personal computers and more than 80% of all datacentres.
Intel now plans to sell shares in its Israel-based Mobileye subsidiary to the… Read More
The re-opening of the economy has spurred the share prices for Visa and American Express. Even if lockdowns return, investors will continue to profit as more consumers use electronic payments instead of cash.
VISA INC. $223 is a buy. The stock (New York symbol V; Conservative… Read More
Restrictions on travel and live entertainment led to a 12.1% revenue drop for this company during the first quarter of 2021.
However, things should turn around quickly as more areas reopen their economies. In fact, the more affluent customers this company caters to will be the… Read More
Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' FREE Special Report from The Successful Investor.
How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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What Choices Do I Have?
Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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