American Express update

I have updated the American Express report for Q3 earnings. It’s rated (lower) Buy at $75.25. It’s had some “headwinds” lately due to loss of the Costco affiliated card in Canada and the pending less of same in The U.S. in march and also due to the higher U.S. dollar and due to ramped up marketing spending to attempt to replace the lost Costco business. It is not expensive on a P/E basis, which supports the lower Buy rating,┬ábut is facing at least a year of lower growth. Overall it is not compelling at this point. It has lost 14% since it was added to this site almost two years ago. It is a strong brand and may recover but not likely very soon. Longer term investors could consider a small position in this stock.