Amex Soars: New Tax Deal & Stock Surge
Update: 2025-10-14
Description
American Express shares jump on a new tax payment perk for New Zealand businesses, letting them earn rewards and get interest-free credit by paying taxes with Amex cards. This move, aimed at boosting business transaction volume, got an extra boost from RBC Capital's raised price target. Despite a Platinum card fee hike, Amex is near its one-year high, up 12% this year, proving its resilience amid economic uncertainties and making it a solid long-term investment.
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