3 Things to Know About American Express Before You Buy the Stock

This thriving financial stalwart's share price has doubled over the past five years. Operating a unique business model This unique setup means the company benefits in multiple ways nearly every time its cards are swiped. It earns annual fees ($2.1 billion in Q2) from cardholders, as well as interest income from consumers who maintain balances. And Amex collects what's known as discount revenue (accounting for 54% of its Q2 revenue, the most of any single source) from the merchants plugged into its system. T ...