Author Bio Dave mainly covers financial stocks, primarily banks and asset managers, and investment planning. He's covered mutual funds and institutional investments for Pensions & Investments, personal finance for S&P, and money markets and bonds for Crane Data. Dave has been a Fool since 2014. Follow @dhkovaleski Credit card company American Express (NYSE:AXP) endured a difficult 2020, like many in the financial services space, but came through it better than most. The stock price was only down about 1% last year, which is not bad considering that the coronavirus pandemic and its related recession led to a sharp decline in spending and practically shut down the travel industry.