Where Will American Express Be in 5 Years?
Investors trying to find winning stocks might want to look at businesses that have done well in the past. The belief is that successful companies can continue their run in the future. Since mid-January 2020, American Express (NYSE: AXP) has produced a total return of 146% for its investors, which meaningfully outpaces the broader S&P 500. But where will this top financial stock be in five years?
Looking to 2030, I don't believe American Express' operations are going to change. It will still run a closed-loop payments network and offer credit cards and other banking services to individual consumers and business clients.
Investors can expect steady and predictable growth from Amex, as has been the case in the past. The business benefits not only from the rise of cashless transactions, but also greater spending that happens across the economy. Five years from now, it's a virtual certainty, in my opinion, that Amex will have more active cards in service than it does today. And it will be handling more payment volume.
Source Fool.com
