Report
Jim Sinegal
EUR 101.80 For Business Accounts Only

American Express is a wide-moat company at a crossroads.

After reviewing the Trump administration’s comprehensive tax reform outline released April 26, we continue to believe that U.S. corporate tax reform is more likely than not to occur, and that the proposal that we’re incorporating into our valuation models approximates the compromises that Trump and the Republican party will eventually settle on. In a reflection of what has long been a characteristic of the president, the plan was skimpy on details but bold in ambition. The administration’s corpo...
Underlying
American Express Company

American Express is a payments company. The company is engaged in providing credit and charge cards to consumers, small businesses, mid-sized companies and corporations. The company's reportable operating segments are: Global Consumer Services Group, which provides services to consumers, including travel and lifestyle services; Global Commercial Services, which provides payment and expense management services, as weel as commercial financing products; and Global Merchant and Network Services, which operates a global payments network that processes and settles card transactions, acquires merchants and provides multi-channel marketing programs and capabilities, and services and data analytics.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jim Sinegal

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