Praxis Investment Management Inc. cuts its holdings in
American Express Company(
AXP) whilst
Canoe Financial LP and
State of Alaska Department of Revenue buy significant shares. A regular quarterly dividend of $0.82 was declared. Shares were sold by myriad investors, such as
Fishman Jay A Ltd,
Sawyer & Company Inc. As the investment activity escalates, Wall Street upgrades the Earnings View of AmEx stock, encouraging investors to consider buying it. Strong first-quarter results were reported with a revenue of $17.0 Billion up 7%, or 8% on an FX-Adjusted Basis. Interestingly,
American Express outranks scores in the J.D. Power's U.S. Credit Card Mobile App, and Online Satisfaction Studies, establishing a significant brand position. Their credit card delinquencies have decreased. Analyst
Jim Cramer trusts the stock going down while sharing a bullish outlook on consumer activity. Critically, AmEx shares trailed S&P 500 declining by 21% YTD, yet the company reports robust increase in consumer spending, led by Gen Z and millennials.
American Express Company AXP News Analytics from Fri, 18 Oct 2024 07:00:00 GMT to Sat, 21 Jun 2025 11:52:54 GMT -
Rating 4
- Innovation 3
- Information 8
- Rumor 0
