American Express (AXP) has been generating a significant buzz among investors and financial experts. Its strong first-quarter results, with revenue hitting
$17.0 Billion, up by 7%, has been viewed positively. Moreover, the company also announced a new
$9.07 dividend payment, improving its value proposition among dividend-focused investors. AXP's strong performance has put it in the good graces of billionaire investor
Warren Buffet and financial guru
Jim Cramer. However, not all movements have been bullish, with
Numerai GP LLC and
New England Asset Management Inc. decreasing their holdings, indicating some degree of market uncertainty. Despite this, the company still experienced significant buy-ins from numerous entities including
Prana Capital Management LP,
Fullerton Fund Management Co Ltd, and
MJP Associates Inc. ADV. AXP has also caught the interest of market speculators betting on a big move in its stock. The company also authorized a
17% dividend increase, indicating a positive financial outlook. Recent declines in credit card charge-offs, coupled with stable delinquacies, further solidify its position.
American Express Company AXP News Analytics from Wed, 18 Sep 2024 07:00:00 GMT to Sat, 17 May 2025 11:22:44 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor -3
