American Express (AXP) Stock May Sit Below Fair Value As AML Fine Lands

American Express has delivered a 107.6% share price gain over the past three years, even as the last year has been softer, and that raises a simple question for you as an investor. Is the current price still supported by what the company actually earns on the capital it puts to work in its business? A 107.6% three year return puts real pressure on the idea that American Express's share price is still in line with the returns it earns on its capital. The recent US$350 million fine and...