28.12.24 American Express - slowly downwards
Updated
American Express is since decades Warren Buffett Darling.
AXP last years with increasing fees and solid growth spent wonderfull earnings to the shareholders, even solid dividends.
But during the last years, credit defaults increased rapidly. From quarter to quarter they increased accounting provisions.
st. louis Fed statistic also very interesting. Small banks in Us with huge defaults, meantime by 7%. Highest value since 1991, even higher than 2008…
So as a matter of fact, consumer sentiment also negativ. For 2025 expect recession and further increasing of defaults.
Expext for axp sharp slump in earnings.
AXP last years with increasing fees and solid growth spent wonderfull earnings to the shareholders, even solid dividends.
But during the last years, credit defaults increased rapidly. From quarter to quarter they increased accounting provisions.
st. louis Fed statistic also very interesting. Small banks in Us with huge defaults, meantime by 7%. Highest value since 1991, even higher than 2008…
So as a matter of fact, consumer sentiment also negativ. For 2025 expect recession and further increasing of defaults.
Expext for axp sharp slump in earnings.
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