Economics

AmEx Stock May Be Bullish Bet on U.S. Spending: EcoPulse

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American Express Co. shares are poised to rally as analysts’ earnings forecasts anticipate continued expansion in U.S. consumption.

As the biggest U.S. credit-card issuer by purchases, American Express could attract investment amid an acceleration in purchases by both consumer and business customers, said Timothy Ghriskey, chief investment officer at Solaris Asset Management LLC in New York, which helps manage about $1.5 billion in assets.