This week, American Express announced a huge deal with a partnership with Bank of America (BAC Quote), which followed an announcement of a deal with Citigroup (C Quote). This will give the company huge inroads into the consumer credit card market.
Already having a 30% return on equity, the partnerships it has recently formed have an ROE significantly higher than that. This is huge news, buy this stock now. American Express is a true Christmas gift, a Dow stock that will double earnings in the next few years. Even the fat guy in the red suit couldn't top this one. With that, I wish all of you a Merry Christmas and Happy Hanukkah. And for those of you that are so politically correct that you are offended by those statements ... then Merry Christmas and Happy Hanukkah anyway.- Loading Comments...
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