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Guy Adami And Tim Seymour Share Their Thoughts On American Express And Goldman Sachs

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Guy Adami And Tim Seymour Share Their Thoughts On American Express And Goldman Sachs

Guy Adami shared with the viewers of CNBC's Fast Money his reasons to buy American Express Company (NYSE: AXP). He believes the stock is going to return to the valuation of 15.5 forward price to earnings multiple. With the next year's earnings per share of 6.50, the stock is going to be trading at around $100, thinks Adami. He also like the fact that Warren Buffett owns the stock and he thinks it's going to outperform Goldman Sachs Group Inc (NYSE: GS) over the next couple of months.

Tim Seymour thinks Goldman Sachs is going to perform better than American Express. He explained that Goldman Sachs increased its revenues 6 percent and it reduced its cost 10 percent. It has also managed to increase its margins significantly.

On the other hand, delinquencies are up for American Express and it has to pay more card rewards, which is going to pressure its earnings, said Seymour. He thinks thinks long-term investors should buy Goldman Sachs.

Posted-In: CNBC Fast Money Guy Adami Tim SeymourMedia Trading Ideas Best of Benzinga

 

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