Assessing American Express (AXP) Valuation As New Graphite Business Card Signals Shift In Business Strategy

American Express (AXP) has kicked off a new push in business payments with the launch of its Graphite Business Cash Unlimited Card, its first new business card in seven years, aimed squarely at small and mid-sized firms. See our latest analysis for American Express. The Graphite launch comes after a strong run for existing shareholders, with a 1-year total shareholder return of 9.29%. Over shorter periods, the share price has seen a 30-day return of a 12.76% decline and a 90-day return of a...