American Express, Sanofi Problems Overblown Says Bruderman Brothers

American Express is going through a difficult period in the wake of a legal case loss and the breakup with Costco, but it remains a superb financial company.
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American Express is going through a difficult period in the wake of a legal case loss and the breakup with Costco, but it remains a superb financial company, said Oliver Pursche, CEO of Bruderman Brothers. Pursche added that American Express is now a cheap stock in the fast growing credit card category. He said Intel continues to demonstrate good top and bottom line growth and a dividend raise is possible at the chipmaker. Finally, Pursche is bullish on Sanofi, saying the French drugmaking giant is a fallen angel that is now recovering due to its strong pipeline and new management.