|Bid||121.63 x 800|
|Ask||121.63 x 1000|
|Day's Range||121.32 - 122.24|
|52 Week Range||89.05 - 124.74|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||15.48|
|Earnings Date||Jul 16, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||1.56 (1.36%)|
|1y Target Est||121.73|
American Express (AXP) today announced its partnership with two-time Wimbledon champion Sir Andy Murray OBE, to kick off a multi-year partnership with The All England Lawn Tennis Club, as the Official Payment Partner of The Championships.
What does an investor do with an opportunity like Visa (NYSE:V)? The Visa stock price continues to stay elevated, at over 27-times forward earnings. Of the 40 largest U.S.-listed stocks by market capitalization, only Amazon (NASDAQ:AMZN) and rival Mastercard (NYSE:MA) sport higher valuations.Source: Shutterstock And yet V stock certainly seems to merit a premium valuation. Few large-capitalization stocks can match its near-term growth prospects. Long-term opportunities come in several forms: lower use of cash worldwide, international expansion, and a move into business-to-business (B2B) offerings.Does an investor follow the Warren Buffett maxim that it's "far better to own a wonderful company at a fair price than a fair company at a wonderful price," as I argued back in 2017? Or does valuation matter, particularly in a bull market seemingly running on fumes?InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor now, Visa stock seems a worthwhile bet. But investors probably have to temper their expectations. The next decade is not going to look like the last one. The Incredible Rise in the Visa Stock PriceLooking backwards, investors certainly missed a huge opportunity in Visa stock. Over the past ten years, shares have returned 953%, not including an admittedly modest dividend. Those gains haven't come just because of the bull market either. In 2009, the company earned 81 cents per share (adjusting for the company's 2015 stock split). A decade ago, the stock (again, on a split-adjusted basis) traded for $16-plus, implying a P/E multiple right at 20x. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 Relative to 2019 expectations, the multiple now sits at 31x. And there are two ways to look at that expansion. The first is that the incredible gains in the Visa stock price are coming mostly from higher earnings. Based on the Street's expectations for 2019, V should climb nearly 500% from 2009 levels.The second, however, is a more difficult question: can the multiples assigned V stock really go much higher? This is a much larger company, which makes percentage growth more difficult to achieve. Yet investors now are paying 50%-plus more for the same dollar of earnings. As impressive as Visa's opportunities are, it's tough to argue that its growth potential is better now than it was a decade ago.Obviously, the market today is in much better shape than in June 2009, when it was just three months removed from financial crisis lows. But that's kind of the point: Visa's earnings multiples can't expand much more without the broad market moving higher.In that scenario, earnings growth still can drive returns -- again, profits are expected to rise 15%-plus in 2020. But roughly 16% annual returns (including the dividend) might seem disappointing in the context of the recent performance. Is V Stock the Best Play?As incredible as the performance of Visa stock seems, there's something more incredible: Mastercard. Visa has returned nearly 1,000% in a decade, yet V shares have underperformed their rival over that span. In fact, MA has been the better pick over one, three, and five-year periods as well. Its 10-year return is a staggering 1,460%.At the moment, MA actually is slightly more expensive on an earnings basis than V stock. Mastercard has greater exposure to non-U.S. payments, and thus, at least in theory, more room for growth. And while past performance doesn't guarantee future performance, the better returns from Mastercard shares are at least worth considering.Of course, Visa and Mastercard aren't the only two stocks in the space, either. Will Healy this month highlighted a potential opportunity in Discover Financial Services (NYSE:DFS), which trades at a substantial discount to both V and MA despite significant potential risk in China. American Express (NYSE:AXP) has been an inconsistent performer, but offers value as well.The stories of the four stocks aren't the same; at the moment, it's foolish to argue that DFS or AXP should be treated like their rivals. But when considering V stock at these multiples, investors should at least keep an open mind toward other stocks in the space. Visa Looks Good, but Not GreatAt the least, the next decade for the Visa stock price is not going to look like the last decade. That's probably not surprising: a repeat of the 950%-plus gains would give Visa a market cap of some $4 trillion.But performance could be good -- and still far short of the standard Visa has set. Bear in mind that if V stock appreciated at 10.5% a year for the next decade, it would reach a $1 trillion market cap ten years from now. Maybe that's not unrealistic in a world where credit-card usage continues to rise. Plus, Visa's efforts in cross-border payments and B2B could bear fruit.Still, $1 trillion does seem like a big ask for returns that almost seem middling given the torrid performance of payment companies of late. And it shows the difficulty in Visa stock here. There's a path to a $1 trillion valuation, which is the good news. But whether 10%-plus a year is good enough for investors depends on their view of the markets and the competition.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post Visa Stock Remains a Buy, But Expectations Need to Be Lowered appeared first on InvestorPlace.
American Express earns money from users through interest income and annual fees, as well as from merchants through payment processing.
When folks think of the Berkshire Hathaway (BRK.B) portfolio and its collection of holdings, most of which were selected by Chairman and CEO Warren Buffett, the companies that most readily come to mind are probably American Express (AXP), Coca-Cola (KO) and, more recently, Apple (AAPL).But a deep dive into Berkshire Hathaway's equity holdings reveals a more complicated picture.Berkshire Hathaway held positions in 48 separate stocks as of March 31, according to regulatory filings with the Securities and Exchange Commission. But the portfolio of "Buffett stocks" isn't as diversified as the number might suggest. In some cases, BRK.B holds more than one share class in the same company. Some holdings are so small as to be immaterial leftovers from earlier bets the Oracle of Omaha has yet to completely exit.And perhaps most importantly, Berkshire Hathaway's equity portfolio is actually pretty concentrated. The top six holdings account for almost 70% of the portfolio's total value. The top 10 positions comprise nearly 80%. Banks and airlines, to cite a couple of sectors, carry quite a load in this portfolio. Then there's the fact that several Buffett stocks actually were picked by portfolio managers Todd Combs and Ted Weschler.Here, we examine each and every holding to give investors a better understanding of the entire Berkshire Hathaway portfolio. SEE ALSO: 50 Top Stocks That Billionaires Love
Moody's Investors Service ("Moody's") announced today that the amendments to the transaction documents executed on or around 13 June 2019 by Penarth Master Issuer plc (the "Issuer") will not, in and of themselves and at this time, result in a reduction or withdrawal of the current ratings of the issuers' Notes. Penarth Master Issuer plc is a revolving cash securitisation of credit card receivables and utilizes a de-linked master trust structure. This publication does not announce a credit rating action.
India is preparing to impose higher tariffs on some U.S. goods including almonds, walnuts and apples next week after a delay of about a year, two sources said, following Washington's withdrawal of key trade privileges for New Delhi. From June 5, President Donald Trump scrapped trade privileges under the Generalized System of Preferences (GSP) for India, the biggest beneficiary of a scheme that allowed duty-free exports of up to $5.6 billion from the country. India is now looking at adopting the higher tariffs, the sources with direct knowledge of the matter said, although the U.S. has warned that any retaliatory tariffs by India would not be "appropriate" under WTO rules.
The Zacks Analyst Blog Highlights: Microsoft, Facebook, Bank of America, American Express and Deere
Delta Air Lines CEO Ed Bastian said most Delta flights will have free Wi-Fi in the next couple of years. He also addressed how the company is trying to control costs while improving customer service.
American Express is proud to present its 30th annual Restaurant Trade Program at the FOOD & WINE Classic in Aspen, CO from Thursday, June 13 to Saturday, June 15. Developed for the professionals who shape the world of dining, the American Express Restaurant Trade Program hosts chefs, restauranteurs, and leading industry professionals for a three-day program featuring networking events and dynamic panel ...
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
Today, American Express and MAG USA announced joint plans to bring two new lounge locations, The Centurion Lounge and the Escape Lounge, to Terminal 4 within the Phoenix Sky Harbor International Airport in the coming months.
Amazon’s push for one-day shipping is putting enormous pressure on other retailers to send packages out faster. It’s also forcing retailers to get better at fraud detection.
The dominance of the Visa (NYSE:V) payment network continues to drive volumes and market share to the company. In this increasingly important industry, Visa stock is benefiting from the fact that its payment network processes about 61.2% of U.S. transactions.In a world that's using less cash, the credit-card industry will prosper, enabling Visa stock to remain a winner over the long-term. However, the question about V stock is not if it will go up, but if it remains a better buy than its peers. * 7 Dark Horse Stocks Winning the Race in 2019 Visa Stock Will Rise With Its IndustryIt's steady as she goes for Visa stock. Bolstered by the company's dominant market share and the continuing march towards a cashless society, V stock is continuing its slow, sustained move higher. After flirting with single-digit prices during the 2008 financial crisis, it began to move steadily higher. Today, it has risen more than 15-fold since that time. The Visa stock price has now surged to around $170.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs both myself and others have pointed out, Visa stock remains pricey. The company's growth and favorable business conditions have taken the forward price-earnings (PE) ratio of V stock above 27.4. However, the average PE ratio of V stock over the last five years is 32.9. Estimated earnings growth of 16.5% this year and its average earnings increase of 20.84% per year over the previous five years has helped to support the high multiples of V stock.Moreover, even market selloffs have resulted in relatively mild pullbacks by V stock. Between late September and the week of Christmas, Visa stock price fell by a little bit less than 20%. However, its PE ratio remained well in the 20s during that time. Also, like most stocks, it quickly recovered. For this reason, I would not expect any significant declines in Visa stock price anytime soon. Given these factors, the long-term owners of V stock should continue to hold onto their shares. Moreover, even at these levels, those buying V stock face few risks. Visa Stock Versus Its PeersThe only reason to not buy Visa stock may involve how well it compares to its key peers. Given the potential growth of cashless payments throughout the world, Mastercard (NYSE:MA), American Express (NYSE:AXP), and Discover Financial (NYSE:DFS) should also generate double-digit profit growth, despite their smaller market shares.However, after looking at card stocks' PE ratios and growth rates, it becomes clear that the market has been willing to support higher price-to-earnings-to growth (PEG) ratios for companies with higher market shares. Visa stock supports a PEG ratio of 1.9 versus only 1.75 for Mastercard. However, for this year, analysts, on average, predict Mastercard will report earnings growth of 17.4% versus only 16.5% for Visa. American Express, long a Warren Buffett favorite, trades at a PEG ratio of 1.57. AXP's expected profit growth comes in at only 10.8%. However, it has a much lower forward PE of around 13.5.Still, it is Discover Financial whose valuation stands out. Its PEG ratio comes in at only 0.7. It also supports a forward PE ratio of only about 8.2. Despite this single-digit multiple, analysts expect its profit to rise 12.4% this year.In some respects, DFS stock is cheap for a reason. It holds only a 2.2% share of card volumes, a decline from 2.3% last year. Visa remains the dominant player in this area, holding steady at 61.2%. However, in the current environment, all payment card companies will prosper.Moreover, since 2005, DFS has partnered with UnionPay, the dominant payment network in China. From a worldwide standpoint, UnionPay comes in second to only Visa on card volumes. The U.S.-China trade war may add a degree of uncertainty. However, with such an ally, DFS should continue to grow. The Bottom Line on Visa StockVisa stock will rise over the long-term, but some of its peers may fare better on a relative basis. V stock will likely remain expensive, but no major challenges have emerged to its dominance in the U.S. or to its double-digit earnings increases.When it comes to PEG ratios, Visa stock holds up well, slightly besting Mastercard and coming in only slightly higher than American Express's ratio. Still, value investors will find Discover Financial stock to be a relative bargain, as it could help a growing, China-based peer enter the U.S. market.As a result, investors who don't want to pay the high multiple carried by V stock have other choices. However,the owners of V stock will continue to benefit from Visa's U.S. dominance and the continuing move to a more cashless society.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Dark Horse Stocks Winning the Race in 2019 * 6 Chinese Stocks to Sell That Are Suffering From a Digital Ad Slowdown * 4 Technology Stocks Blasting Higher Compare Brokers The post Visa Stock May Not Be the Best Credit-Card Name appeared first on InvestorPlace.
American Express Co NYSE:AXPView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for AXP with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting AXP. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding AXP are favorable, with net inflows of $6.37 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. AXP credit default swap spreads are near the lowest level of the last one year and indicate improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of March 31. The results of that effort will be put on display in this article, as […]
The major U.S. equity indexes extending their winning streaks Monday as stocks rallied on news that the U.S. and Mexico are averting a tariff crisis and intensifying speculation that following last Friday's slack May jobs report, the Federal Reserve could cut interest rates later this year.Source: Shutterstock To start the week, the S&P 500 climbed 0.47% while the Nasdaq Composite added 1.05%. The blue-chip Dow Jones Industrial Average extended its winning ways, jumping 0.3% on Monday.In late trading, more than two-thirds of the Dow's 30 components were trading higher. Industrial conglomerate United Technologies (NYSE:UTX), however, was not one of those names. The defense contractor tumbled over 3% on more than triple the average daily volume on news its is looking to acquire rival Raytheon (NYSE:RTN) in a deal valued at $121 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsUnited Technologies recently announced plans to spin off its elevator and heating and air conditioning businesses, prompting some market observers to characterize the offer for Raytheon, in which United Technologies is offering 2.33 shares for each Raytheon, as unusual. However, Seaport Global raised its rating on United Technologies to "buy" from "neutral" today.Additionally, there is already speculation that the Donald Trump Administration, which has been mostly friendly toward the aerospace and defense industry, has antitrust concerns about the potential marriage of these two companies. * 7 Stocks to Buy As They Hit 52-Week Lows "The deal will be reviewed by either the Justice Department or the Federal Trade Commission to ensure that it complies with antitrust law," according to Reuters. Fun With FinancialsFinancial services is the third-largest sector weight in the Dow and the S&P 500, so it was to investors' benefit to see some of those names contributing to Monday's upside. In late trading, three of the Dow's top four percentage gainers were financial services names.JPMorgan Chase (NYSE:JPM), the largest U.S. bank, rose 1.06% after CEO Jamie Dimon, one of the most widely voices in the banking industry, compared his company to Netflix (NASDAQ:NFLX) in a recent Barron's interview.Dimon told the financial magazine that the bank has a lot of "subscription-like businesses" and that its earnings volatility, over time, is low. He added that the bank plans to boost its dividend following the release of the Fed's stress test results.Goldman Sachs (NYSE:GS), the largest financial services stock in the Dow, was the blue-chip index's top percentage gainer today, adding 2.26%. Aside from reports that Goldman was Saudi Arabia's leading brokerage firm last month, there was not a lot of company-specific news pertaining to the name today.On essentially no news other than its home sector and the broader market climbing, American Express (NYSE:AXP) added 1.3% to hit a new 52-week high. The stock is up more than 27% year-to-date. Bottom Line on the Dow Jones TodayFor investors tired of tariff talk, Monday brought a step in the right direction as the U.S. and Mexico continued making nice on the trade front. How, or if, this affects the U.S./China trade dispute is another matter altogether.On Monday, President Trump threatened to levy more tariffs on Chinese imports if his counterpart, President Xi Jinping, does not attend the G-20 meeting in Japan later this month. Trump believes the two sides will eventually reach some type of trade deal and that the U.S. tariffs on Chinese imports will be the catalyst for getting that deal done.Trump added that it was the threat of tariffs that facilitated a favorable outcome with Mexico on trade. The president also renewed his criticism of the Fed, stoking speculation that the central bank will acquiesce to the president's comments and lower interest rates this year.As of this writing, Todd Shriber did not own any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy As They Hit 52-Week Lows * 4 Antitrust Tech Stocks to Keep an Eye On * 5 Gold and Silver Stocks Touching Intraday Highs Compare Brokers The post Dow Jones Today: Financial Stocks Chip In appeared first on InvestorPlace.
Today, the industry organization EMVCo released its highly anticipated EMV® Secure Remote Commerce (SRC) Specification v1.0¹. SRC is the technical standard that will, for the first time, establish a standardized way for card payments to be made in a secure, convenient and consistent manner across web and mobile sites, mobile apps, and connected devices. With the new specifications now available, we are in the final stages of making SRC a reality.
Apple had hoped to displace Visa, MasterCard and PayPal in the digital payments space, but the tech giant has faced significant challenges.
Investor Warren Buffett (Trades, Portfolio) endlessly encourages investors to stick to their "circle of competence." At his Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) annual conference in May, he said that he naturally took to the insurance business, which would become the core of his business empire. Warning! GuruFocus has detected 2 Warning Sign with BRK.A. Click here to check it out. My mind worked well in that respect," Buffett said.
NEW AND ENHANCED DINING BENEFITS, AND THE RETURN OF THE LIMITED EDITION ROSE GOLD METAL CARD