American Express: Write-Offs And Valuation Risks Make It A Hold

11 10 01 L th d g - 11 BB adamdodd AXP stock trades near all-time-high prices Stockholders of American Express Company (NYSE:AXP) have been rewarded handsomely recently. As illustrated by the chart below, the stock has enjoyed a price advancement of nearly 50% in the past 12 months alone, far outpacing the S&P 500's (SP500) ~30% gain (which is already terrific by itself). Looking ahead, there are certainly several reasons to keep the momentum going. The top factor in my mind is its customer base. AXP's stro ...