American Express (AXP)

American Express earned nearly a third more than a year ago, its fastest profit growth in recent quarters.

What is going on right now?

The price is sitting in a narrow range, just above where it's been over the past few weeks but still a bit below where it averaged over the past couple of months.

How is the business itself doing?

American Express runs its own card network, earning a small slice every time someone swipes. Revenue grew about 11% and profit jumped roughly 31%, with a return on what the company owns at nearly 36%.

What stands out?

The company carries debt of about 1.7 times what it owns outright, and it makes its money when people spend and repay. That ties its fortunes closely to how comfortable consumers feel.

What comes next?

The Fed's upcoming rate decision could shift what it costs American Express to fund the loans it carries on its books.