American Express – Experience Some Express Growth

American Express Company (AXP), also known as AmEx, has traditionally been associated with wealth and big spenders. While it is classified as a diversified financial services company, it is considered part of the consumer finance sub-industry as its principal businesses involve charge and credit card payment products, and travel-related services to consumers and businesses worldwide.

The company has certain core advantages and growth drivers that differentiate it from other card companies. Whereas other card companies either issue cards or process transactions, American Express issues its own proprietary cards and processes online and merchant transactions on its own network.

We think AmEx is a solid play with potential to grow, based on the following data on its major sources of income. AXP.