American Express (AXP) Expands Virtual Cards, Is The 9% Undervalued View Enough?

American Express (AXP) has expanded its virtual card offerings for U.S. commercial clients, integrating them into its @ Work platform and broadening travel-related usage. Despite this growth initiative and a recent $1.6 billion preferred securities offering, the share price has softened, leading to a discussion about whether its current 8.7% undervaluation presents a good entry point. The article explores different valuation perspectives, including a narrative-driven fair value of $374.94 and a comparison of its P/E ratio to industry averages.