Is American Express Stock a Buy?
In addition to the thumping that fintech stocks took starting in late 2021 and throughout 2022, the recent banking turmoil might cause investors to completely ignore any businesses with ties to the financial services industry. With that being said, a leading financial stock to consider buying right now is American Express (NYSE: AXP). American Express' card loan net write-off rate was 1.1%, up from 0.6% in Q4 2021.