This Financial Stock Is Up 264% Since I Bought It -- Here's Why I'm Not Selling
Both have produced positive total returns, but with a 264% total return in about 10 and a half years (about 13% annualized), American Express (NYSE: AXP) has been the standout. There's a lot that has happened in the 10-and-a-half years since I became an Amex shareholder, and not all of it was good. For example, in 2016, American Express and Costco ended their 16-year partnership, and at the time, Amex's co-branded Costco credit cards made up about 10% of all Amex cards in circulation and about 20% of its interest-bearing credit card loans.