American Express (AXP) is catching investors' attention with promising future outlook and growth acceleration. With an aim to return to its original 2020 EPS outlook by 2022, a significant stock holding of $2.76 million by Sequoia Financial Advisors, and an overall share rise in Q1, AXP remains a strong player in the financial market. Those who invested in the company five years ago have seen a 100% increase in their investments with the stocks still remaining attractive, despite soaring 29%. The company has surpassed profit estimates with its small-business strategy at the center and has a strong investor composition. The growth translated into Q1 revenue increase by 11% and a 39% increase in EPS. Its Q1 earnings beat estimates while reaffirming its 2024 outlook as it benefits from the shift towards electronic and digital payments. However, the company also experienced insider sales and AXP shares reduced by Hexagon capital Partners and Mirador Capital Partners while Norden Group invested $6.42 Million. Institutional ownership of the company stands at 65%, and it's seen as a fintech powerhouse with growth momentum.
American Express Company AXP News Analytics from Fri, 20 Oct 2023 07:00:00 GMT to Sun, 07 Jul 2024 12:03:03 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor -3
