The management team at American Express (NYSE: AXP) is optimistic about the future. Executives expect the company's revenue to increase at 10% per year over the long term, with diluted earnings per share rising at a mid-teens rate. This is a meaningful tailwind that can help fuel investor returns.
This financial stock, which is a top holding for Warren Buffett's Berkshire Hathaway, isn't finished growing. Attracting a younger customer base, adding more value to members, and broader economic and industry trends should propel the top and bottom lines forward.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
During the second quarter, 65% of the company's new consumer card signups globally came from millennials and Gen Zers. And these two demographic cohorts are growing their spending faster than older generations.
Millennials have an age range of 30 to 45, while Gen Zers are 14 to 29. These people still have a long runway ahead of them to grow their earnings power. Consequently, American Express benefits with higher lifetime value, as it can capture that spending on its own network.
#millennials
This financial stock, which is a top holding for Warren Buffett's Berkshire Hathaway, isn't finished growing. Attracting a younger customer base, adding more value to members, and broader economic and industry trends should propel the top and bottom lines forward.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
During the second quarter, 65% of the company's new consumer card signups globally came from millennials and Gen Zers. And these two demographic cohorts are growing their spending faster than older generations.
Millennials have an age range of 30 to 45, while Gen Zers are 14 to 29. These people still have a long runway ahead of them to grow their earnings power. Consequently, American Express benefits with higher lifetime value, as it can capture that spending on its own network.
#millennials
3 months ago
