American Express Company (AXP) has been highlighted among top stocks to buy, despite the company facing shareholder proposals relating to DEI and civil liberties. The company was recently upgraded by Baird and acquired an Expense Management Software Company named Center. Many investment firms have been taking substantial positions in American Express, despite the share price dropping by 11%. The drop has been seen notwithstanding the announced increase in dividend to $0.82 which should be attractive to shareholders seeking regular income. AXP stock is attracting investor attention and analysts are providing a positive outlook for it. Despite this, some shares are being sold by various asset management companies. Baird has upgraded American Express ahead of its 175th anniversary and their latest acquisition revolutionizes expense management, potentially transforming the company. Record revenue for FY 2024 has been announced, marking an increase of 9%, or 10% on an FX-adjusted basis. The company has also appointed a new board member and raised its dividend by 17 percent. Stock market expert Jim Cramer has stated that AXP is a phenomenal stock, despite some ongoing sales of shares by various stakeholders.
American Express Company AXP News Analytics from Sat, 24 Aug 2024 07:00:00 GMT to Sat, 15 Mar 2025 23:41:54 GMT -
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