Recent news on American Express Company (AXP) reveals a mixed performance and investment outlook. High-profile financial expert, Jim Cramer, suggests utilizing any 'dip' as a buying opportunity for American Express's stock. Multiple organizations made various investment decisions regarding AXP, with some groups like Delaney Dennis R and Carnegie Investment Counsel increasing their positions, while others such as Equitable Trust Co. and William Allan Corp trimmed their shares. AXP also declared a hefty, $9 dividend on preferred shares for the September payout, marking it as an attractive dividend option. The company's Q2 reports reveal an impressive record revenue and strong EPS, pointing to a robust financial performance. Furthermore, AXP made its largest ever investment in Consumer and Business Platinum Cards, demonstrating commitment to its customer base. Meanwhile, some insiders sold off stocks in Q1, and it remains unclear what led to this divergence in confidence.
American Express Company AXP News Analytics from Tue, 21 Jan 2025 08:00:00 GMT to Sat, 26 Jul 2025 20:03:24 GMT - Rating 5 - Innovation -2 - Information 7 - Rumor -3
