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This Is Why American Express Keeps Going Down
American Express just announced strong Q3 earnings and the stock dropped by over 5%, what is going on? In this episode we break down American Express’ performance, how it matches up against their 2023 forecast and talk about what might actually be holding the stock and other bank stocks back.
00:00-American Express crushed Q3 earnings
07:07-Why most people misunderstand American Express’ business
11:17-So what is causing the downtrend for Amex?
14:01-What does this mean for Investors?
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By Matt Derron
4.8
88 ratings
American Express just announced strong Q3 earnings and the stock dropped by over 5%, what is going on? In this episode we break down American Express’ performance, how it matches up against their 2023 forecast and talk about what might actually be holding the stock and other bank stocks back.
00:00-American Express crushed Q3 earnings
07:07-Why most people misunderstand American Express’ business
11:17-So what is causing the downtrend for Amex?
14:01-What does this mean for Investors?
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