Can American Express (AXP) Keep Earning Enough To Justify Its Price?

American Express has delivered a strong 118.0% share price gain over the past three years, which puts fresh focus on whether the current valuation is adequately supported by the returns it earns on its capital. With the stock now giving back some ground in recent months, investors are asking if that earlier performance still lines up with what the business is generating internally. The 118.0% three year return places real weight on the question of whether American Express is earning enough...