Amex stock down over 13% in two days
Nov 30, 2021, 10:17 am
#2
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Can you think of any other explanation for the stock price decline? For example:
https://www.marketwatch.com/story/al...ing-2021-11-30
The selloff in the Dow Jones Industrial Average DJIA, -1.82% is including all 30 of the index's components in premarket trading Tuesday, amid growing worries about the effect of the omicron variant of COVID.
Nov 30, 2021, 1:28 pm
#3
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Can you think of any other explanation for the stock price decline? For example:
https://www.marketwatch.com/story/al...ing-2021-11-30
https://www.marketwatch.com/story/al...ing-2021-11-30
That is crystal clear.
Nov 30, 2021, 7:41 pm
#5
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I think credit cards including Visa, Mastercard, and Amex will be impacted by BNPL (Buy now pay later). I honestly think this is good because it's quite messed up charging 20%+ for interest. When you can instead finance it for a much lower rate. This is huge and I think it will change the payments space in the future.
Nov 30, 2021, 8:20 pm
#6
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“In the third quarter, AXP reported earnings of $2.27 per share, which surpassed the Zacks Consensus Estimate by 27.5% and surged 75% year over year. Total revenues net of interest expense of $10.9 billion beat the consensus mark by 3.6% and improved 25% year over year.”
https://apple.news/AcGKAsMCXQau3BFsETrNugA
I work at a Fortune 500 company where earlier this year we were down 15% on basically no news. We announced our usual beats on earnings before and after this dip. God help me if I know what was going on.
\_(ツ)_/
https://apple.news/AcGKAsMCXQau3BFsETrNugA
I work at a Fortune 500 company where earlier this year we were down 15% on basically no news. We announced our usual beats on earnings before and after this dip. God help me if I know what was going on.
\_(ツ)_/
Nov 30, 2021, 8:25 pm
#7
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I think credit cards including Visa, Mastercard, and Amex will be impacted by BNPL (Buy now pay later). I honestly think this is good because it's quite messed up charging 20%+ for interest. When you can instead finance it for a much lower rate. This is huge and I think it will change the payments space in the future.
That said, Amex is pushing Plan It as an alternative to BNPL.
Nov 30, 2021, 10:22 pm
#8
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Airlines stocks are down about the same in the last week, and for similar reasons. Travel isnt everything for Amex, but its a very large part of Amexs profitability.
Dec 1, 2021, 5:01 am
#9
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Yes the financial numbers for Amex are up for Q3 and over the previous year. But Amex is advertising benefits that are not delivered. Example: A line of people waiting to get into a already crowded Centurion Lounge.
Dec 1, 2021, 5:29 am
#10
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Omicron’s potential hit on the economy and on travel; interest rates in line to go up; and expectations that consumers will feel a crunch from inflation outpacing wages, inflation on the horizon for health care/insurance, and rising interest rates.
Crowded Centurion lounges mean more or less nothing for AXP share price. If anything, the bad lounge lines and crowding could even be a sign of Amex having succeeded by running up the customer numbers even in the face of declining service levels.
Amex is pushing things like Plan It and even outright loans as an alternative to the likes of Klarna, Affirm, Afterpay.
Crowded Centurion lounges mean more or less nothing for AXP share price. If anything, the bad lounge lines and crowding could even be a sign of Amex having succeeded by running up the customer numbers even in the face of declining service levels.
Amex is pushing things like Plan It and even outright loans as an alternative to the likes of Klarna, Affirm, Afterpay.
Dec 1, 2021, 9:34 pm
#11
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I think credit cards including Visa, Mastercard, and Amex will be impacted by BNPL (Buy now pay later). I honestly think this is good because it's quite messed up charging 20%+ for interest. When you can instead finance it for a much lower rate. This is huge and I think it will change the payments space in the future.
Dec 2, 2021, 12:39 am
#12
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Yesterday Amex announced its partnership with OpenPay to get deeper into “buy now pay later”, but this Amex partnership for Opy is set to be limited to “qualifying purchases in the healthcare and automotive segments”.
Dec 4, 2021, 1:37 pm
#14
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Tying the stock price to a line to get into a Centurion lounge is almost as peak FT brainworm as tying missing an upgrade to the airline's stock price.
If anything, never having a line to the lounge (or easy upgrades) is probably a bad sign for the stock.
If anything, never having a line to the lounge (or easy upgrades) is probably a bad sign for the stock.
Dec 4, 2021, 1:48 pm
#15
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The whole BNPL gold rush seems like a bubble waiting to pop, there is nothing particularly sophisticated or proprietary about the entire concept (as demonstrated by the number of companies that offer it, including AMEX with Plan It), I can't believe Square paid $29 billion to buy AfterPay, they should have just copied the concept like everyone else and used their own brand recognition to sell it to merchants. It's an installment loan for crying out loud, hardly a ground-breaking advancement in financial products!