American Express Company (NYSE:AXP) 25th Annual Scotiabank Financials Summit 2024 Conference September 4, 2024 11:50 AM ET Company Participants Anna Marrs - Group President of Global Commercial Services and Credit & Fraud Risk Unidentified Company Representative So, I'm delighted to start our keynote presentation of the day. It's really a pleasure to call to the stage Anna Marrs, Group President, Global Commercial Services and Credit and Fraud Risk at American Express. And we're so excited. This is the firs ...

Core Insights - American Express offers a variety of credit cards tailored to different financial goals, including cash back, travel rewards, and introductory 0% APR options [1][2] Group 1: Best American Express Credit Cards - The Blue Cash Everyday® Card has no annual fee, offers a $200 statement credit after spending $2,000 in the first 6 months, and provides 3% cash back at U.S. supermarkets on up to $6,000 per year [4][5] - The Blue Cash Preferred® Card offers a $250 statement credit after spending $3,000 in the first 6 months, with 6% cash back at U.S. supermarkets on the first $6,000 spent annually [8][9] - The American Express® Gold Card is highlighted for travel rewards, offering 4x points at restaurants and U.S. supermarkets, with a welcome offer of up to 100,000 Membership Rewards® Points after spending $6,000 in the first 6 months [14][17] - The Platinum Card® from American Express, with an annual fee of $895, offers premium travel rewards, including 5x points on flights booked directly with airlines [19][21] - The Delta SkyMiles® Platinum American Express Card provides 90,000 bonus miles after spending $4,000 in the first 6 months, catering to frequent Delta flyers [24][25] Group 2: Card Features and Benefits - Many American Express cards offer introductory 0% APR on purchases and balance transfers, which can be beneficial for managing existing debt or making large purchases [68] - The Hilton Honors American Express Card provides 80,000 Hilton Honors Bonus Points after spending $2,000 in the first 6 months, with 7x points on eligible purchases at Hilton hotels [36][38] - The American Express Blue Business Cash™ Card offers 2% cash back on all purchases up to $50,000 per year, with no annual fee [32][33] - The American Express Business Gold Card allows for 4x Membership Rewards points on the top two eligible categories where the business spends the most each month [41][43] Group 3: Membership Rewards and Redemption - Membership Rewards points can be redeemed for travel, statement credits, and shopping, with the best value typically found in travel redemptions [60][62] - American Express has a wide selection of co-branded airline and hotel cards, allowing for point transfers to various travel partners [54][65]

American Express Company’s (AXP) shares have risen 37.2% in the year-to-date period, outperforming the industry’s growth of 6.5%. It also outperformed its peers like Mastercard Incorporated (MA) , Visa Inc. (V) , and Euronet Worldwide, Inc. (EEFT) , which have gained 3.9%, 10.6% and 3.5%, respectively, in the same time frame.A strong revenue growth outlook, continued growth in card fees, and discount revenues are buoying the company’s price performance. AXP expects its long-term revenue and EPS growth to be ...

These are both Warren Buffett stocks -- and Buffett knows how to pick a good dividend stock.Investing doesn't have to be complicated, but it's not as simple as finding the next big thing, at least for most people. Long-term investing success requires a strategy that includes diversification, with a mix of different stock types that help grow your portfolio under good circumstances and shield it under worse circumstances. Only having growth stocks could be a risky allocation, especially when there are bear m ...

In the latest trading session, American Express (AXP) closed at $253.88, marking a +1.03% move from the previous day. This change outpaced the S&P 500's 0.32% loss on the day. On the other hand, the Dow registered a gain of 0.16%, and the technology-centric Nasdaq decreased by 0.85%.Coming into today, shares of the credit card issuer and global payments company had gained 2.2% in the past month. In that same time, the Finance sector gained 2.55%, while the S&P 500 gained 1.52%.The investment community will ...

Core Viewpoint - American Express Company (AXP) faces challenges in a difficult spending environment, leading to a downgrade by Bank of America Securities from Buy to Neutral, with concerns over its premium valuation limiting upside potential [1] AXP Stock's Valuation - AXP's current valuation is considered expensive, trading at 17.31X forward 12-month price-to-earnings, above its five-year median of 15.73X and the industry average of 13.56X [2] Spending Environment - The slowdown in real disposable income growth is expected to constrain spending on big-ticket items and discretionary areas such as entertainment, travel, and dining, impacting AXP's short-term performance [4] - The depletion of pandemic-era excess savings is further affecting spending growth, with high-end consumer spending also facing challenges, leading to muted billings volume growth [4] AXP's Resilience Through Growth Initiatives - Despite the challenging environment, AXP's strategic initiatives, including new product launches, feature enhancements, price adjustments, and key alliances, position the company for long-term growth [5] - The Zacks Consensus Estimate for 2024 earnings is $13.06 per share, indicating a 16.5% increase year-over-year, with further growth of 14% expected in 2025 [5] - Revenue estimates for 2024 and 2025 suggest year-over-year increases of 9% and 8.7%, respectively, with AXP beating earnings estimates in three of the past four quarters [5] AXP's Price Performance - Year-to-date, AXP shares have gained 31.5%, outperforming the industry's 3.5% increase and the S&P 500 Index's 17.9% growth [6] Zacks Rank & Key Picks - AXP currently holds a Zacks Rank 3 (Hold), while other finance players like Jackson Financial Inc. (Rank 1), WisdomTree, Inc. (Rank 2), and HIVE Digital Technologies Ltd. (Rank 2) are highlighted as better-ranked options [8][9]

Editor's note: Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more. The Delta SkyMiles® Gold American Express Card and Delta SkyMiles® Platinum American Express Card are both co-branded travel credit card options from Delta and Amex. Although they have a lot in common, your individual budget and Delta travel preferences can go a long way in helping you decide which of these cards is right ...

The American Express® Gold Card and The Platinum Card® from American Express both allow you to earn valuable Membership Rewards® points on eligible purchases. The Amex Gold is well-suited for earning rewards on everyday purchases, while the Amex Platinum is a premium card packed with travel benefits (like airport lounge access). The better card for you depends on your preferences and spending habits, though some frequent travelers may benefit from both cards to best take advantage of their different rewa ...

Group 1 - Warren Buffett has significantly adjusted his portfolio, selling a portion of Apple and Bank of America, while American Express has become his second-largest holding [2][3] - Apple now constitutes just under 29% of Berkshire Hathaway's portfolio, down from nearly half, indicating a strategic reallocation rather than a loss of faith in the tech giant [2] - American Express is praised for its strong brand, competitive advantages, and management's ability to adapt to changing consumer demographics, particularly targeting younger consumers [4][5] Group 2 - American Express is expected to achieve revenue growth of about 10% this year, with strong earnings per share growth anticipated for the long term [5] - The company operates on a closed-loop model, underwriting its own loans, which differentiates it from competitors like Visa and Mastercard [6] - American Express typically trades at a price-to-earnings ratio of 19, compared to the S&P 500 average of 27, indicating it is often undervalued [8] Group 3 - The company has demonstrated a commitment to shareholder value through dividend increases and share buybacks, aligning with Buffett's investment philosophy [8] - American Express is characterized as a value stock, making it suitable for value investors seeking stable growth and reliable dividends [9]

Key TakeawaysAmerican Express (Amex) has "limited incremental upside," according to Bank of America Securities (BofA) analysts.The investment firm downgraded Amex stock to "neutral" from "buy," while retaining a price target of $263 a share.Analysts warned of Amex facing a challenging spending environment, even among high-end consumers. American Express (AXP) shares traded lower Wednesday after Bank of America Securities analysts raised concerns that the stock was trading at a premium without too much poten ...