American Express Company (AXP) has announced several strategic moves which indicate positivity for future growth. The company is highlighted as a strong buy by both hedge funds and high-profile investors, including Warren Buffett, suggesting that it could be a robust Blue Chip stock. AXP has had particularly good first quarter results with a revenue surge of 7% to $17.0 billion. The firm's fiscal position has also been fortified by increased share purchasing by various institutions. Notable purchases reported include Clark Capital Management Group Inc. and Representative Marjorie Taylor Greene. The board has authorized a 17% dividend hike, boosting confidence even further. Famous Wall Street commentator, Jim Cramer, has lauded the performance and execution of AXP, labeling it as an 'American treasure.' However, some insiders have reportedly been offloading their holdings in Q1 2025. Finally, AXP is expected to report higher revenue and profit for Q1 and is considered among the best American Bank stocks to buy.
American Express Company AXP News Analytics from Wed, 18 Sep 2024 07:00:00 GMT to Sat, 10 May 2025 11:56:28 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor 2
