American Express Company (AXP) has garnered increased attention from credible investors like Warren Buffett and institutional shareholders who currently own a significant 65% of the company. AXP has showcased strong performance in its industry, frequently outperforming competitors in trading days. Many analysts have commended AXP as a valuable long-term stock and a strong player in the digital payments sector. Significant highlights from American Express’ Q2 2024 financial results reveal positive earnings growth and price strength. Despite some dips, overall, the company’s stock has experienced a rise of 23% YTD. AmEx not only beat Q2 earnings estimate but also upscaled its 2024 EPS view. Q1 2024 shows AmEx had a revenue increase of 11% to $15.8 billion and EPS increased 39% to $3.33 encapsulating continued business momentum. Notwithstanding some analysts voicing concerns about potential weak consumer spending, AmEx is expected to surpass profit expectations aided by robust spending by affluent customers. The company’s strong earnings further strengthen the bullish case for the stock.
American Express Company AXP News Analytics from Fri, 26 Jan 2024 08:00:00 GMT to Sat, 21 Sep 2024 08:35:28 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 3