Forecast Of The Day: American Express’ U.S. Card Transaction Volume

-13.79%
Downside
237
Market
205
Trefis
AXP: American Express Company logo
AXP
American Express Company

What?

Trefis expects American Express’ (NYSE:AXP) U.S. Card Transaction Volume to rise from around $338 billion in 2020 to $365 billion in 2021 and to $401 billion in 2022.

Why?

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While transaction volumes dipped in 2020 due to the Covid-19 related lockdowns, we expect consumer spending, particularly on travel to pick up over the next two years as vaccination rates improve and travel restrictions are eased.

So What?

However, we think that the potential recovery is more than priced-in for Amex stock, which is up by about 45% year-to-date. We value American Express at about $152 per share, about 10% below the current market price.

See Our Complete Analysis For American Express

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