American Express Updated December 28, 2022

Our report on American Express is updated and rated (lower) Strong Buy at $147. (It’s at $145 as I write this).

American Express is a high quality company that is growing its earnings at a strong rate. The current price is a reasonable opportunity to acquire this company at a good price. Obviously it can go lower just with a poor market sentiment. But at 15 times trailing earnings and 13 times projected earnings and an ROE of about 30% it is likely to continue to do well over the years. As always, see the report for much more detail including risks.


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