Remember the panic about $American Express (AXP.US)$ losing...
Remember the panic about $American Express(AXP.US$ losing CostCo in 2016? Stock tanked tens of percents...5 years later... can you even see this event from the AXP revenue chart? Nope. And the stock is 3x higher than then.
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Safari Pokemon : Must look long-term
Ft7foG07XE : The matter is all about that "2016". Time flies, and it's no more 2016. Credit cards are facing a growing competition challenge nowadays.
hard working Ft7foG07XE : Well yes and no, we've had these episodes in the last few years already, like some big store chain or hotel chain in Canada or elsewhere stopping accepting Visa, or MasterCard, a few months of negotiations, and they're back. Sure Amazon is the biggest of all so this game is now on another level.
where is my money Ft7foG07XE : Like what, exactly? What does compete with the credit cards and not only the debit cards?
Anyone to hit where is my money : Like all the fintech payment solutions that are growing in the space. Not to mention the growing chances that some DeFi solution could disrupt the sector sooner or later; I'm not saying it's gonna happen any soon, but I can't see many chance of fighting back for V or MA if that happens.
Poubelle : I like Amex