Jim Cramer Says American Express Needs to Get Into Growth Mode Again
Jim Cramer explains what to look for when American Express reports earnings on Wednesday.
American Express (AXP) - Get Report reports earnings on Wednesday, and Jim Cramer says he's eager to see what's happened to the business since Costco (COST) - Get Report switched to Visa (V) - Get Report cards, dropping AmEx. Cramer says AmEx needs to get into a growth mode again. Cramer says American Express is doing a lot right, but investors prefer Visa and Mastercard (MA) - Get Report due to their strong growth prospects. Cramer also said he believes Costco has gotten inexpensive, but he added that right now, no one wants to own it.
