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American Express (AXP) Stock Price, News & Analysis

$234.40
-1.23 (-0.52%)
(As of 07/8/2024 ET)
Today's Range
$233.76
$239.50
50-Day Range
$222.16
$243.08
52-Week Range
$140.91
$244.41
Volume
2.64 million shs
Average Volume
3.03 million shs
Market Capitalization
$168.60 billion
P/E Ratio
19.31
Dividend Yield
1.19%
Price Target
$224.48

American Express MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
4.2% Downside
$224.48 Price Target
Short Interest
Healthy
1.17% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.77mentions of American Express in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$41.68 M Sold Last Quarter
Proj. Earnings Growth
14.87%
From $12.98 to $14.91 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.32 out of 5 stars

Finance Sector

184th out of 822 stocks

Nondepository Credit Institutions Industry

4th out of 49 stocks

AXP stock logo

About American Express Stock (NYSE:AXP)

American Express Company is a multinational financial services company based in New York City. The company provides credit cards, charge cards, traveler's cheques and other financial services to individuals and businesses worldwide.

Founded in 1850, American Express has been a pioneer in the credit card industry and has developed a reputation for offering premium products and services that cater to high-income consumers. The company operates in over 130 countries and employs over 75,000 people globally.

Stephen J. Squeri has served as American Express Chairman and Chief Executive Officer since 2018, succeeding Kenneth I. Chenault. Squeri joined the company in 1985 and has held various leadership positions.

He is credited with leading the company's digital transformation and developing new partnerships with technology companies such as Apple, Google and Amazon. Other key management team members include Chief Financial Officer Jeffrey C. Campbell and Vice Chairman Douglas E. Buckminster.

American Express has consistently generated strong financial results, with revenue increasing consistently over the past few years. The company's net income has also grown during this same time frame. The company's profit margin has remained relatively stable at around 14%.

American Express has maintained a strong balance sheet, with a debt-to-equity ratio and a price-to-book ratio consistent with industry averages. Over the past couple of years, American Express' stock has performed well, leading its industry peers. 

The credit card industry is highly competitive, with a few prominent players dominating the market. American Express competes with other major credit card companies, such as Visa and Mastercard and banks that issue private-label credit cards.

The industry has been growing steadily, with global credit card transactions expected to reach $8.8 trillion by 2025. However, the industry faces several challenges, including increasing regulatory scrutiny and the threat of disruption from fintech startups.

American Express has several growth opportunities, including expanding its presence in international markets and developing new partnerships with technology companies. The company has made significant progress in these areas, with global revenue growth from 2016 to 2022.

American Express has also partnered with companies such as Uber, Marriott and Delta Airlines to offer unique benefits to its cardholders. Additionally, the company has been investing in its digital capabilities by launching its digital wallet and mobile app.

Despite its stable financial performance and growth opportunities, American Express faces several risks and challenges. The company's high-end products and services may be vulnerable to changes in consumer preferences, and the company may need help to appeal to younger generations who prefer debit cards and mobile payments.

Additionally, American Express is subject to increasing regulatory scrutiny, with regulators monitoring the company's anti-money laundering practices and compliance with consumer protection laws. The company's debt levels and dependence on the global economy also pose risks, as a recession or economic downturn could impact its profitability.

Another major challenge for American Express is the increasing competition from fintech startups, disrupting the traditional credit card industry by offering innovative products and services. These startups are often more agile and adaptable than established companies like American Express and may be able to offer more attractive rewards and lower fees to customers.

To stay competitive, American Express must continue to innovate and develop new products and services that cater to changing customer preferences.

AXP Stock Price History

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Company Calendar

Ex-Dividend for 5/10 Dividend
4/04/2024
Last Earnings
4/19/2024
Dividend Payable
5/10/2024
Ex-Dividend for 8/9 Dividend
7/05/2024
Today
7/09/2024
Next Earnings (Confirmed)
7/19/2024
Dividend Payable
8/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Nondepository credit institutions
Sub-Industry
Consumer Finance
CUSIP
02581610
CIK
4962
Employees
74,600
Year Founded
1850

Price Target and Rating

Average Stock Price Target
$224.48
High Stock Price Target
$280.00
Low Stock Price Target
$151.00
Potential Upside/Downside
-6.0%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
24 Analysts

Profitability

Net Income
$8.37 billion
Pretax Margin
18.52%

Debt

Sales & Book Value

Annual Sales
$60.52 billion
Cash Flow
$13.79 per share
Book Value
$38.79 per share

Miscellaneous

Free Float
718,512,000
Market Cap
$168.60 billion
Optionable
Optionable
Beta
1.21

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Should I Buy American Express Stock? AXP Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in American Express:

  • American Express has a strong average rating of "Hold" from analysts, indicating stability in the stock.
  • The company has a consensus price target of $220.30, suggesting potential for growth based on current valuations.
  • Recent insider activity shows executives selling shares at higher prices, indicating confidence in the company's future performance.
  • American Express stock is trading up, showing positive momentum in the market.
  • The company has consistently increased its dividend, providing investors with a steady income stream.

Cons

Investors should be bearish about investing in American Express for these reasons:

  • The stock has a high price-to-earnings ratio of 19.07, which may indicate overvaluation compared to industry peers.
  • American Express has a debt-to-equity ratio of 1.70, which could pose risks in times of economic downturns.
  • Insiders have sold a significant number of shares recently, potentially signaling concerns about future performance.
  • The stock price has reached a 1-year high of $244.41, raising questions about further upside potential.
  • The company's beta of 1.22 indicates higher volatility compared to the market average, which may not suit all investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these American Express pros and cons to contact@marketbeat.com.

AXP Stock Analysis - Frequently Asked Questions

How have AXP shares performed this year?

American Express' stock was trading at $187.34 at the start of the year. Since then, AXP stock has increased by 25.1% and is now trading at $234.40.
View the best growth stocks for 2024 here
.

How were American Express' earnings last quarter?

American Express (NYSE:AXP) announced its earnings results on Friday, April, 19th. The payment services company reported $3.33 EPS for the quarter, topping the consensus estimate of $2.97 by $0.36. The company's revenue was up 10.6% on a year-over-year basis.
Read the conference call transcript
.

Is American Express buying back stock?

American Express' board approved a stock buyback plan on Wednesday, March 8th 2023, which allows the company to buy back 120,000,000 outstanding shares, according to EventVestor. This allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

What is Stephen J Squeri's approval rating as American Express' CEO?

1,437 employees have rated American Express Chief Executive Officer Stephen J Squeri on Glassdoor.com. Stephen J Squeri has an approval rating of 95% among the company's employees. This puts Stephen J Squeri in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Does American Express have any subsidiaries?

The following companies are subsidiaries of American Express: Kabbage, Acompay, Resy, LoungeBuddy, Pocket Concierge, Cake Technologies, Mezi, and more.

Who are American Express' major shareholders?

Top institutional shareholders of American Express include Douglas Lane & Associates LLC (0.08%), DNB Asset Management AS (0.02%), Neville Rodie & Shaw Inc. (0.01%) and Hudson Valley Investment Advisors Inc. ADV (0.01%). Insiders that own company stock include Jeffrey C Campbell, Douglas E Buckminster, Stephen J Squeri, Laureen Seeger, Anna Marrs, Jennifer Skyler, Monique Herena, Denise Pickett, Howard Grosfield, Walter Joseph Clayton III, Quinn Jessica Lieberman, Theodore Leonsis, Anre D Williams and Marc D Gordon.
View institutional ownership trends
.

How do I buy shares of American Express?

Shares of AXP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of American Express own?

Based on aggregate information from My MarketBeat watchlists, some other companies that American Express investors own include JPMorgan Chase & Co. (JPM), Walt Disney (DIS), Intel (INTC), Visa (V), AT&T (T), NVIDIA (NVDA) and Johnson & Johnson (JNJ).

This page (NYSE:AXP) was last updated on 7/9/2024 by MarketBeat.com Staff

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