Highest Level of Cash in the Consumer Finance Industry Detected in Shares of American Express (AXP, DFS, COF, SLM, CSH)
Below are the three companies in the Consumer Finance industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
American Express ranks highest with a CE of $20,000. Following is Discover Financial Services with a CE of $10,000. Capital One Financial ranks third highest with a CE of $3,000.
SLM follows with a CE of $1,000, and Cash America rounds out the top five with a CE of $343.
SmarTrend recommended that subscribers consider buying shares of American Express on March 1st, 2016 as our technology indicated a new Uptrend was in progress when shares hit $56.23. Since that recommendation, shares of American Express have risen 13.7%. We continue to monitor American Express for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest level of cash american express discover financial services capital one financial cash america