At a market cap of more than $82 billion, PayPal (PYPL) is now worth more than American Express (AXP) .
Shocker? Probably not.
Shares of the digital payments company have surged 70% this year, blowing away Facebook (FB) , Apple (AAPL) and JPMorgan (JPM) . After TheStreet talked with PayPal CEO Dan Schulman at length, you can see why Wall Street has embraced the stock. PayPal is really reinventing itself. Wall Street doesn't believe American Express is doing the same, at least not as quick at PayPal -- shares of American Express have only gained 22% year to date.
PayPal is striking new deals to open up its platform to others such as Facebook and Baidu (BIDU) .
"I think digital payments is in its infancy right now, and what I think the market is looking for are pure plays in what is unfolding in the future," Schulman explained to TheStreet.
Apple and Facebook are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio . Want to be alerted before Cramer buys or sells AAPL or FB? Learn more now.
Watch the full interview with Schulman here.
More of What's Trending on TheStreet:
