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29.04.2019 23:30:00

3 Reasons American Express Is a Buy

American Express (NYSE: AXP) reported its 2019 first-quarter earnings last month, and there seemed to be plenty for investors to like. The credit card company's total revenue rose to $10.4 billion, a 7% increase year over year, while adjusted earnings per share (EPS) grew to $2.01, an 8% increase year over year. This growth on the top and bottom lines was driven by a rise in the company's total loans to $85.1 billion, a 12% increase over last year's first-quarter total.  Beyond decent growth in key metrics, however, there were three other reasons why investors should be pleased with what American Express is doing to ensure it remains competitive in a crowded industry: It's making efforts to increase its discount revenue, it announced more digital partnerships, and it unveiled an extended agreement with Delta Air Lines (NYSE: DAL). Let's take a close look at all three of these developments.Amex is flying higher after it extended its deal with Delta Air Lines through 2030. Image source: Getty Images.Continue reading
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