American Express (AXP), a well-known player in the global credit card business, continues to gain momentum. It has gained a reputation as a strong value and growth stock with a robust outlook featuring better than expected Q3 earnings, declaring a regular quarterly dividend, and posting a year-to-date growth of 61%. Warren Buffet declared AXP as one of his best performers in 2024, and increased institutional ownership of AXP is a positive trend. Although the recent report showed AXP is falling behind market gains, it has
surpassed other financial services stocks in performance, indicating a substantial future growth for this
Dow stock. Despite some criticism, with earnings exceeding expectations and strong investor optimism apparent, it remains a preferred choice for potential investors looking for long-term profits and stability in the financial sector. The company's strategy hinged on striking a balance between merchant acceptance and customer value. Despite
Jim Cramer's view to 'Go Elsewhere', he also questioned the downgrade rationale of AXP from buy to hold considering its performance trajectory.
American Express Company AXP News Analytics from Tue, 21 May 2024 07:00:00 GMT to Fri, 03 Jan 2025 22:00:55 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -1
