First Interstate Bank and several other entities have reportedly sold substantial quantities of their American Express Company (NYSE:AXP) shares. However, Bank of America Securities maintains its buy rating for American Express (AXP), and Barclays and Morgan Stanley have issued positive forecasts for the company's stock price. Additionally, various entities such as Whelan Financial and Generali Investments have increased their stakes in the company. Still, American Express stock has underperformed compared to the S&P 500, declining 21% YTD. Meanwhile, the company has announced its largest ever investment in consumer and business platinum cards but the impact of this move on its future financial performance is uncertain. On a positive note, the company has been listed among the 'Dobermans of the Dow' to buy and has been considered a good pick for long-term passive income.
American Express Company AXP News Analytics from Sun, 29 Dec 2024 08:00:00 GMT to Sat, 12 Jul 2025 19:26:43 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor -5
