The American Express Company (AXP) appears to be maintaining solid momentum in the market, delivering strong quarterly results with significant growth in both revenue and EPS. With consistent growth and price strength, AXP is regarded as a top credit card and Fintech stock to watch and buy in 2024. The company has gained but lagged the markets recently despite its annual profit forecasts beating estimates. AXP's overall performance suggests a 126% gain for investors who acquired its stocks five years ago. The company's shares have been on an upswing, with a 23% YTD increase, showing substantial appeal to renowned investors like Warren Buffett and institutional shareholders who own more than 64% of the company. AXP's latest earnings have exceeded expectations, suggesting the potential for continued business momentum. Despite its promising future, some insiders have been selling shares, raising concerns about potential weaknesses. The company has also been strategizing and enhancing its services, with partnership announcements like its collaboration with Knot to boost card members' checkout experience and Squarespace to acquire Tock and Rooam.
American Express Company AXP News Analytics from Fri, 26 Jan 2024 08:00:00 GMT to Sat, 14 Sep 2024 20:24:32 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -2
