If You Invested $10,000 in American Express in 2020, This Is How Much You Would Have Today
American Express (NYSE: AXP) has been quite the express to wealth in recent times. Over the past three years alone, the stock's price has risen by 76%, a rate that tops the S 500 index's 45% gain. It also handily beats the increases of payment card rivals Mastercard (NYSE: MA), at 28%, and (NYSE: V) at 20%.
What's the secret sauce that makes AmEx such an attractive investment? Let's pick that apart and, while we're at it, determine whether the stock is a buy at its current price.
To put a dollar figure on AmEx's performance across that stretch of time, had you plonked down $10,000 on the stock in June 2020, that stake would be worth $17,077 today. That's not bad at all for a three-year span, huh?
Source Fool.com
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