American Express continues charging ahead in the battle for high-end cardholders 😤💳; Discover Financial: undervalued gem or value trap in a weakening credit cycle? 🤔💎

FinTech is Eating the World, 18 October

Hey Everyone,

Good morning & happy Saturday! We’re ending another fascinating five days in FinTech on the weekend but it’s absolutely worth the wait 😤 Today’s issue is the best one yet as we’re going to look into American Express which continues charging ahead in the battle for high-end cardholders (unpacking the most important numbers, what they mean, what’s next & whether AmEx is worth your time and money in 2024 & beyond), and question whether Discover Financial is undervalued gem or value trap in a weakening credit cycle (breaking down their latest Q3 2024 financials, what they mean & what investors should be paying close attention to). Let’s just jump straight into the hot stuff 🌶️

American Express continues charging ahead in the battle for high-end cardholders 😤💳

Earnings time 📞 Finance giant American Express AXP 0.00%↑ has consistently delivered strong financial performance, reporting Q3 2024 earnings per share of $3.49, which exceeded analyst estimates.

In short, AmEx continues to demonstrate its prowess in capturing and monetizing the premium consumer segment, delivering strong financial results amid an uncertain economic backdrop.

Let’s take a closer look at this, unpack the most important numbers and what they mean, and see whether AmEx is worth your time and money in 2024 and beyond.