American Express Company (AXP) has been experiencing mixed performance recently, demonstrating
earnings growth and
price strength, and showing resilience despite some daily underperformance against competitors. Their
Q3 earnings exceeded estimates with
EPS of $3.49, propelling the company to raise their
full-year 2024 EPS guidance.
Amex's credit card delinquency rate remained steady through October although
charge-offs rose. Several asset management companies have adjusted their stakes in the company, including
CIBC Asset Management Inc,
Arjuna Capital, and
Huntington National Bank. TV personality
Jim Cramer expressed a bullish stance on AXP, and asset manager
Laurence D. Fink included it in where it stands out in
Warren Buffett's stock portfolio. About
68% of AXP is held by institutional investors. AXP has declared a
dividend on its series D preferred stock and revised its annual outlook upwards as
card spending grows.
American Express Company AXP News Analytics from Fri, 19 Apr 2024 07:00:00 GMT to Sat, 16 Nov 2024 14:55:37 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -5
