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Stock impact report

Why American Express Stands Out [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
SummaryAmerican Express's 1Q20 financial results were not pretty, but a look under the hood gives me reasons to be hopeful.The benefits of business model diversification and higher credit quality have become more evident during times of distress.While I believe the sector remains one of the riskier ones to invest in today, I see AXP as perhaps the safest bet within the peer group.American Express's (NYSE:since early 2017But a look under the hood revealed why American Express, although priced conservatively like a consumer bank, seems to have a more robust and hybrid (i.e. diversified) business model that should allow the company to endure the upcoming economic crisis better than most other names in the financial services space.More stable resultsAs we approach the end of the earnings season in the banking sector, a couple of key themes have become very clear in the first quarter.First, businesses and consumers have flocked to liquidity in anticipation of tough times to come, which has Show less Read more
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