American Express Reaps Its Costco Gains And Looks Ahead

Image source: American Express.Ever since American Express (NYSE: AXP) announced that it had ended its co-branded credit card agreement with Costco Wholesale (NASDAQ: COST), investors have worried about the net impact on the card giant's business. After a full year of transition, American Express finally ended its relationship by selling off its remaining portfolio connected to the warehouse retailer.

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