American Express (AXP) has had a significant performance over the past year with shares rising, falling and showing strong resilience despite overall market trends. The performance led to heavy institutional ownership, which rose at 64% - 65% indicating the trust big investors place in AXP. Notable earnings and price momentum have been observed, making AXP a worthy consideration for long-term investors. Value investment is also seen in AXP due to its continuing shift to electronic and digital payments along with the successful implementation of strategies to attract younger consumers. However, AXP has had a fair share of underperformance on multiple occasions compared to its competitors. eBay’s decision to stop accepting their cards over high fees dispute could present a challenge. AXP’s Q1 2024 Earnings Call Transcript revealed a slump due to recession fears, while another source claimed a beat in the same quarter's estimations. Rises in costs were expected to affect earnings. Record revenues were reported for six consecutive quarters and full-year 2023 but the robust spending led to missed Q4 earnings due to high client engagement costs. AXP dividend analysis shows a higher dividend than last year, at $0.70.
American Express Company AXP News Analytics from Fri, 20 Oct 2023 07:00:00 GMT to Sun, 09 Jun 2024 11:00:41 GMT -
Rating 6
- Innovation 8
- Information 8
- Rumor -2
