Originally Posted by
Strawboy1230
It's just ridiculous and insane to see a credit card company that was so on top of their game into the early 2000's devolve and implode so easily. Meanwhile other banks like Chase are absolutely crushing it.
I keep reading these types of posts, but the facts are otherwise.
Amex has increasing revenue, and keeps increasing their dividend. I would state this is hardly an implosion +/or a bank being crushed.
Originally Posted by
dieuwer2
Eventually, this will means bankruptcy for AMEX.
As much as many on this board hate Amex for potentially eliminating their ability to churn their cards, I doubt eliminating a few churners will bankrupt American Express.