Heard on the Street: After benefiting from more online at-home spending, a big resumption of travel-and-entertainment would be an upside for American Express
Whether people are leaving home or not, American Express is a stock that investors seem to want to have in their pockets.
A major worry for many investors in payments, card and spending companies has been that a lot of growth was pulled forward during the pandemic, especially for firms leveraged to online spending as people shifted away from in-person shopping. That might be the case for some firms, though it isn’t necessarily a universal problem.
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