non adaequabitur

amex and visa. the market pays 6x book for visa 3x book for amex and expects amex earnings to decline 8% next years while visa grows by 36 %




pairs pe fpe pb mc rev egs mcr pe/fpe e eps
amex 12 13 3.1 66 35 5 1.89 0.92 -7.69%
v 30 22 6.2 185 14 6.3 13.21 1.36 36.36%






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