Is American Express financially strong?
Is American Express financially strong? American Express Co. easily topped profit expectations for its third quarter, while calling out healthy spending and “strong” credit metrics. The company generated net income of $2.45 billion, or $3.30 a share, compared with $1.88 billion, or $2.47 a share, in the year-before quarter.
Who is American Express biggest competitor?
The Bottom Line American Express's main direct credit card competitors are Mastercard, Visa, and Discover. While Mastercard and Visa have a different business model than American Express, they all compete in the credit card space.