Morning Blast: American Express and the Premium Spend Wall
AXP faces an earnings test with a 34.38% ROE and 16.1x forward multiple as 10-Year yields hover at 4.95% and call-heavy positioning creates a gamma cliff.
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AXP faces an earnings test with a 34.38% ROE and 16.1x forward multiple as 10-Year yields hover at 4.95% and call-heavy positioning creates a gamma cliff.