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The Investment Committee debate the latest Calls Of The Day.
American Express (AXP, Financial) experienced a decline of 1.53% today, closing the day at $269.59. This movement comes in the wake of downgrades by analysts, with HSBC moving the rating from 'buy' to 'hold' and BTIG shifting from 'neutral' to 'sell'.
Wall Street is starting to worry that AmEx stock's great run is done.
American Express shows strong financial performance with 9% YoY revenue growth and 21% YoY EPS growth, aided by significant share repurchases. The company's loan portfolio has grown 11% YoY, maintaining low charge-off rates despite rising interest rates, showcasing effective management. American Express continues to drive shareholder returns through consistent share buybacks and dividends, reducing outstanding shares significantly over the past decade.
In his most recent letter to Berkshire Hathaway investors, Warren Buffett heralded the company's return of more than two million percent since its 1965 inception, and shed light on the investing philosophy that has driven those gains.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Warren Buffett might say you should.
AXP's partnership with Boost is expected to speed up the payment process by automating virtual card payment processing for eligible merchants.
On 10/4/24, American Express, NetApp, and Helios Technologies will all trade ex-dividend for their respective upcoming dividends. American Express will pay its quarterly dividend of $0.70 on 11/8/24, NetApp, will pay its quarterly dividend of $0.52 on 10/23/24, and Helios Technologies will pay its quarterly dividend of $0.09 on 10/21/24.
NEW YORK--(BUSINESS WIRE)--As part of its ongoing investment in its B2B (business-to-business) network and in enhancing buyer and supplier capabilities, American Express (NYSE: AXP) today announced a new offering by Boost Payment Solutions, a global leader in B2B payments, to provide commercial virtual Card processing services to U.S. merchants who accept American Express. Qualified American Express merchants will now have access to Boost Intercept®, Boost's patented Straight-Through Processing.