Forecast Of The Day: American Express Commercial Card Transaction Volumes

-7.02%
Downside
220
Market
205
Trefis
AXP: American Express Company logo
AXP
American Express Company

What?

American Express (NYSE:AXP) Commercial Card Transaction Volumes declined from around $513 billion in 2019 to $407 billion in 2020. Trefis expects the metric to recover to around $470 billion in 2021 and to about $540 billion in 2022.

Why?

Relevant Articles
  1. Up 21% YTD, Where Is American Express Stock Headed?
  2. Up 25% YTD, What To Expect From American Express Stock?
  3. American Express Stock To Beat The Expectations In Q3
  4. What To Expect From American Express Stock?
  5. American Express Stock To Top The Consensus In Q2
  6. American Express Stock Is Attractive At The Current Levels

While volumes plummeted in 2020 due to the Covid-19 lockdowns and travel restrictions, we expect them to see a recovery over 2021 and 2022 as the global economy continues to open up.

So What?

We think AXP stock is slightly undervalued at current levels. We value AXP at about $192 per share, about 12% ahead of the current market price.

See Our Complete Analysis For American Express

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since 2016.

Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates