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Rising consumer spending and economic recovery driving an increase in credit card transactions. Furthermore, an increasing preference for digital transactions is incentivizing credit card companies to collaborate with leading online platforms to expand their user bases. The global credit card market is expected to grow at a 1.1% CAGR to$107.69 billion by 2025. So, both AXP and DFS should benefit.
While AXP shares have gained 48.7% in price over the past year, DFS has surged 107.5%. DFS is a clear winner with 17.7% price gains versus AXP’s 7.4% returns in terms of their past six months’ performance too. But which of these stocks is a better pick now? Let’s find out.
