American Express: Too Expensive Even With A Resilient Customer Base (NYSE:AXP)

Core Viewpoint - American Express (AXP) shares have performed well over the past year, increasing by over 20%, but have recently faced pressure due to concerns about discretionary spending, resulting in a decline of approximately 9% from their highs [1] Group 1 - The stock has shown solid performance, adding over 20% in the past year [1] - Recent concerns about discretionary spending have led to a decline of about 9% from its peak [1] - The company is noted for having a higher-quality customer base, which may influence its resilience in challenging economic conditions [1]