American Express is one of the largest financial institutions in the world and one of the twenty largest banks in the United States. American Express cards are popular especially among travelers and businessmen whose type of activity is related to trips to other countries. The shares of this company collapsed during the epidemic, as did the shares of other banks and payment systems. We see from the graph that the Visa and MasterCard payment systems have already begun quite substantial growth. Because all over the world they are beginning to partially remove quarantine restrictions and the circulation of money on the planet begins to grow, which stimulates the shares of payment systems to grow. The American Express may be stimulated by the fact that already in a number of countries the ban on crossing the border has been lifted and given the opportunity to travel on business. The growth of these shares may not be so fast. But everyone knows that the cheaper we buy, the more we earn.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.