American Express Company (AXP) showcases a bullish trend in the market. The financial giant has been posting record revenues and strategic growth over the last few quarters, allowing plans to hike dividends by 17%. Institutional investors account for around 66% ownership, reflecting trust in the company's financial performance. Jim Cramer, a prominent market commentator, commends AXP's CEO, Steve Squeri, for his terrific job and expresses optimism for the company. Multiple financial advisory firms have been increasing their stake in AXP, a testament to its strong market position. Warren Buffett, known for his successful long-term investments, continues to hold AXP in his portfolio. However, some financial groups, like Handelsbanken Fonder AB and Capital Advisory Group, are newly investing in AXP signaling a positive sentiment. Despite some share sales by Berkshire Hathaway and Flossbach Von Storch SE, this did not deter the steady growth of the company. While there are expectations of slowed Q1 growth following impressive Q4 performance, overall growth perspectives are optimistic.
American Express Company AXP News Analytics from Sat, 24 Aug 2024 07:00:00 GMT to Sat, 22 Feb 2025 12:35:40 GMT -
Rating 7
- Innovation 3
- Information 7
- Rumor -2
