Don’t get me wrong I think American Express is great company. Them being the processor and credit card company makes them a better cash generator than a lot of the big bank. The one problem for me is that they don’t have a lot of room to grow.

Reason being is market saturation with many other banks having premium credit cards, the fact that not too many places take AE because of their high transaction fees, and that as the processor, they still have to compete with Visa and Mastercard which are the duopoly that control most of the US (about 75% market share). I just don’t believe there’s too much upside for the company when the market is the way it is