The **American Express Company (AXP)** demonstrates strong operational discipline and strategic insight, beating Q3 2024 profit estimates and posting record revenues. EPS guidance for the full year 2024 has been raised following a robust Q3 earnings report revealing an EPS of $3.49. The company maintains its premium brand power and expansion in the fintech space. Despite some volatility, AXP displays a favourable growth trajectory, with its stock rallying 37.2% YTD and receiving a consensus recommendation of 'Hold' from analysts. Wall Street's key metrics for upcoming earnings are anticipated to be enlightening, as the company stands as a potential long-term buy. Being a favorite among institutional investors with a 65% ownership, the American Express shows steady positive momentum. However, elder statesman Jim Cramer advises monitoring the stock for potential dips to buy, suggesting market fluctuations may present buying opportunities. AXP shows signs of being a top value stock for long-term investors. Expense management and strong network volume continue to drive AXP's growth, with accurate estimates suggesting further success in future earnings reports.
American Express Company AXP News Analytics from Fri, 19 Apr 2024 07:00:00 GMT to Sat, 19 Oct 2024 12:35:20 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor -2
