American Express (AXP) Company Profile
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Name: American Express
Industry / Market
Growth Rate: %
American Express Company serves consumers, small businesses, mid-market companies, and banking institutions around the world as a payment, network, travel, and publishing company. It offers credit cards, travelers checks, prepaid gift cards, expense management services, travel reservation advice and booking, foreign exchange services, investment management, and international payments processing. It also publishes a variety of lifestyle magazines. (see report summary)
American Express has a consistent company strategy. Big strategy changes can be disruptive, which could hurt long term value. American Express's management team was promoted from within. Research indicates that internal hires produce better long term returns for investors. American Express has passionate management, which is a key ingredient for top performing companies. American Express's management avoids the spot light and instead stays focused on the company. American Express's core business ideology does not solely revolve around money or financial gain. Companies with such limited focus tend to underperform over the long term. A cult-like culture is good for American Express, because it results in a host of positive, long term business results.