American Express (AXP) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this credit card issuer and global payments company have returned +6%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Financial - Miscellaneous Services industry, which American Express falls in, has gained 3.7%. The key question now is: What could ...

Debit card users in nearly a dozen states have been granted the ability to pursue class-action claims against American Express. This follows a Tuesday (Jan. 9) ruling by U.S. District Judge Nicholas Garaufis, Reuters reported Wednesday (Jan. 10). The lawsuit accuses the company of driving up merchants’ fees on transactions, resulting in consumers paying hundreds of millions of dollars in overcharges, according to the report. American Express did not immediately reply to PYMNTS’ request for comment. While cr ...

American Express Company (NYSE:AXP) continues to be on the watchlist for many investors. The ex-dividend date earlier in January was a key factor supporting the stock price. American Express is also set to release earnings on January 26. Considering strong earnings growth expectations, AXP could sustain the $189 valuation in the near term.American Express remains an attractive stock pick for value investors. Long-term investors can still lock value by buying the stock at the current valuation. However, we e ...

American Express Co., Citigroup Inc. and Goldman Sachs Group Inc. marked the largest of six financial firms to draw downgrades at BMO Capital Markets on Wednesday.After a rally by banks and specialty finance stocks from October lows, the sector faces headwinds, even if a recession is avoided in 2024, said BMO analyst James Fotheringham.“Bottom Line: Banks and specialty finance stocks appreciated by almost +40% into year-end (versus S&P 500 SPX ) and now look vulnerable to an impending credit cycle (soft lan ...

In the latest trading session, American Express (AXP) closed at $186.77, marking a -1.29% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.15%. Meanwhile, the Dow experienced a drop of 0.42%, and the technology-dominated Nasdaq saw an increase of 0.09%.The credit card issuer and global payments company's shares have seen an increase of 12.36% over the last month, surpassing the Finance sector's gain of 2.37% and the S&P 500's gain of 3.5%.The investment community ...

Investors with an interest in Financial - Miscellaneous Services stocks have likely encountered both American Express (AXP) and Brookfield Asset Management (BAM) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strate ...

The three best-performing sectors last year were communication services, information technology and consumer discretionary. Although the growth of artificial intelligence (AI) stocks grabbed all the headlines and many companies came near 52-week highs because of their relation to the technology, a business didn’t need to be plugged into AI to win.There are plenty of growth stocks near 52-week highs that had little to do with AI, machine learning, or large language models. They got ahead because of good busi ...

With the economy poised to potentially tap the brakes for U.S. consumers, JPMorgan Chase analyst Richard B. Shane upgraded American Express Co. to overweight from neutral on Friday.American Express Co.’s AXP more affluent customer base may offer investors a “haven from deteriorating household balance sheets” as lower- and middle-income borrowers face pressure from depleted savings from the pandemic and the lingering effects of high inflation, Shane said.The company’s stock rose by 0.7% in premarket trading ...

American Express (AXP) closed the most recent trading day at $186.32, moving -1.06% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.8% for the day. At the same time, the Dow lost 0.76%, and the tech-heavy Nasdaq lost 1.18%.The credit card issuer and global payments company's stock has climbed by 10.33% in the past month, exceeding the Finance sector's gain of 5.42% and the S&P 500's gain of 3.4%.The investment community will be paying close attention to t ...

Nothing seems to be able to stop American Express (AXP -0.24%) from delivering robust growth for shareholders -- not an uncertain economy, pressured consumers, tough year-ago comparisons, or even a skittish October. Indeed, management recently reiterated a view it first provided last January for 15% to 17% year-over-year revenue growth in 2023. Even more, Amex continues to stick to its aggressive long-term target for annualized average revenue growth of 10% or greater and earnings-per-share growth in the mi ...