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Stock impact report

American Express: The Storm Is Coming [Seeking Alpha]

American Express Company (AXP) 
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
Company Research Source: Seeking Alpha
SummaryThe market has gone on a bit of a rally, and shares of American Express are now well off of 52-week lows set in March.The business is going to see severe disruption in the quarters ahead. American Express is concentrated around US spending and small businesses.Shares don't reflect the challenges ahead of what could be the worst economic downturn in nearly a century. We are bearish at these levels.Shares of American Express Company (NYSE:AXPAmerican Express Is Highly Exposed To Economic Consequences Of PandemicThe headwinds to come for American Express are driven by a layer of unfortunate circumstances. The company is concentrated in "all of the wrong spaces" that will result in severe risk exposure related to efforts to mitigate the coronavirus.For the most part, these restrictions are not just some temporary "blip" in the fiscal year. The US economy (which is heavily driven by consumer spending) is virtually shut off at the moment. Gatherings are largely prohibited, restaurant Show less Read more
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