Can American Express (AXP) Stay Reasonable As Fraud Strength Supports Value?

American Express stock has delivered strong long term gains, yet current checks show a mixed picture where the Excess Returns intrinsic value estimate points to meaningful upside while market based multiples look closer to fair value. Over the past 5 years, American Express has returned about 120.3%, which puts recent share weakness into the context of a very strong multi year run. The company’s low fraud rate, helped by its closed network and use of artificial intelligence, can support long...