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• If you are wondering whether American Express at around US$309 per share still offers value or if most of the upside is already priced in, this article walks you through what the current market price might be implying.

• The stock is down about 1.6% over the past week and 6.7% over the past month, even though the 1 year return is 5.5% and the 3 year and 5 year returns are around 110.1% and 108.0% respectively.

• Recent coverage has focused on how American Express sits within the Consumer Finance space and how investor sentiment can shift when prices pull back after a strong multi year run. This has put the spotlight back on…