American Express Company (AXP) has been having an eventful year, showcasing both strengths and weaknesses as per the news. Interestingly, Jim Cramer highlighted AXP as a premium global credit card company. There are also indications that Warren Buffett favors the stock. Nonetheless, the asset had mixed performance in comparison to its competitors on several days. With new leadership entering into their chief strategy officer role, AXP's future seems promising. Additionally, earnings and price momentum appear to be reasons for considering investment in AXP. There are mixed sentiments from investment firms, with some purchasing shares, while others have reduced their stakes. Despite downgrades from HSBC and BTIG due to valuation and slowing fundamentals respectively, AXP recently hit an all-time high trading price. Despite some reports of underperformance, there remain facts worth considering for potential investors. As of late, the firm has adjusted its business strategy, focusing on augmenting their card's perks. Insights reveal that AXP is a favored stock among institutional investors. Q2 results toppled estimates with EPS being upped for 2024. Despite a revenue miss overshadowing a strong annual profit forecast, AXP stock remains a potential buy for long-term investment.
American Express Company AXP News Analytics from Fri, 19 Apr 2024 07:00:00 GMT to Sat, 12 Oct 2024 11:14:08 GMT -
Rating 8
- Innovation 7
- Information 6
- Rumor 5