1 Big Thing Is Going American Express' Way
American Express (NYSE: AXP) has outperformed its peers so far this year, as the stock price is up about 12% year to date and 27% over the past 12 months as of April 25. The credit card company just released its first-quarter earnings report and it beat analysts' estimates due to a 29% increase year over year in revenue.
One statistic from that report is particularly relevant to American Express and should drive growth moving forward: travel spending.
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Source Fool.com
