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American Express Targets Wealthy Consumers Amid Rising Rates

7/29/2025

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Summary

Story summary

American Express is strategically focusing on lower-risk, higher-income consumers, providing a buffer against interest rate changes. With impressive growth, its revenue and earnings per share have surged at 7% and 10% CAGR from 2014 to 2024. Even after a remarkable 290% stock increase over the last decade, it maintains a reasonable valuation at 20 times next year's earnings.

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Story summary

American Express is strategically focusing on lower-risk, higher-income consumers, providing a buffer against interest rate changes. With impressive growth, its revenue and earnings per share have surged at 7% and 10% CAGR from 2014 to 2024. Even after a remarkable 290% stock increase over the last decade, it maintains a reasonable valuation at 20 times next year's earnings.