Why American Express Stock Gained 11% in August @themotleyfool #stocks $AXP

Why American Express Stock Gained 11% in August @themotleyfool #stocks $AXP

Key PointsAmerican Express continues to grow despite economic pressure.It has a fee-based model that targets affluent and resilient spenders.Lower interest rates should boost spending.10 stocks we like better than American Express › Shares of American Express (NYSE: AXP) stock jumped 11% in August, according to data provided by S&P Global Market Intelligence. The credit card and banking giant is benefiting from increased market optimism as the F…