A variety of recent developments in American Express Company (AXP) have made news. The company is heavily controlled by institutional owners, holding nearly 65%-68% of the shares. AmEx has declared its regular quarterly dividend and is aiming for a 9% revenue growth this year according to the CEO. The company has successfully outpaced other finance stocks this year and ascended even as the market fell. However, it has also faced some challenges, including a class action claim by merchants. Despite hurdles, AXP is viewed as a top stock for the long term and an attractive option to analysts and investors alike. It reported Q3 earnings per share of $3.49 and raised its full-year 2024 EPS guidance. The company's sound execution and positive outlook contribute to its appeal. Yet, as AmEx insiders have sold a considerable chunk of shares, some caution is suggested. Its stock performance has been mixed relative to the underlying earnings growth over the past five years. Finally, the American Express stock recently achieved an all-time high of $262.11, even as it continues to aim for growth.
American Express Company AXP News Analytics from Tue, 21 May 2024 07:00:00 GMT to Sat, 14 Dec 2024 15:50:48 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor -4
