Given that money -- and technology -- make the world go round, it's not surprising that the combination can make for some of the world's most rewarding investments. Here's a closer look at three fantastic fintech stocks you can buy in quantity, even if you've only got $1,000 to work with.Bill HoldingsEven if you haven't heard of Bill Holdings (BILL 1.70%), there's a very good chance your employer has. Bill offers a range of accounting software to enterprises of all sorts and sizes.It's a seemingly crowded m ...

American Express Company (AXP) closed at $287.64 on Wednesday, just 3.1% shy of its 52-week high of $296.83. The strong core fundamentals of its business, coupled with its growing focus on Gen-Z and Millennial customer base, are reaping significant rewards and driving sustained growth in revenue and brand loyalty.AXP’s shares have gained 19% in the past six months, outperforming the industry and the S&P 500 Index. Over this time frame, the industry and the S&P 500 Index gained 14.6% and 12.8%, respectively. ...

American Express deserves a spot in your long-term portfolio.During the past year, Warren Buffett's Berkshire Hathaway (BRK.A) (BRK.B 0.85%) sold a lot of its top stocks -- including Apple (AAPL -1.20%) and Bank of America (BAC 2.10%) -- to boost its cash holdings to record highs. For some investors, those sales suggested Buffett was bracing for a market crash.A market pullback wouldn't be surprising, since the S&P 500 (^GSPC 0.10%) has already rallied nearly 80% during the past five years and looks histori ...

In a frothy market starved for value, these three dividend stocks combine reasonable valuations with the proven ability to disrupt themselves.Investors hunting for compelling opportunities face an interesting dilemma. The S&P 500 has surged 67.9% since October 2022, pushing the index's cyclically adjusted price-to-earnings ratio (CAPE ratio) to 37.1 -- more than double its historical average of 17.1. This stellar performance means finding reasonably valued stocks has become increasingly challenging.Goldman ...

Don't be swayed by the bears; this finance sector mainstay remains a world-beater. American Express (AXP -0.97%) stock was doing fairly well this year until mid-October, when it posted its third-quarter earnings. Investors accustomed to solid results in the quarter from other top names in the finance sector bailed out of AmEx, clipping the wings of a stock that had been soaring year to date. Like Warren Buffett, whose Berkshire Hathaway has held a major equity stake in the company since 1964, I've been an A ...

These seven companies are transforming steady profits into rising passive income streams for investors. Building passive income drives many investors toward dividend-paying stocks. Smart investors look beyond current yields to companies that consistently raise their payouts year after year, allowing a modest initial investment to grow into a substantial income stream over time. The most successful dividend growers share three essential traits. A conservative payout ratio ensures the dividend remains sustain ...

Core Viewpoint - American Express (AXP) and Moody's (MCO) are both considered for investment, with AXP currently presenting a better value opportunity based on various financial metrics [1][3]. Valuation Metrics - AXP has a forward P/E ratio of 20.21, while MCO has a significantly higher forward P/E of 39.02 [2]. - AXP's PEG ratio is 1.47, indicating a more favorable valuation in relation to its expected earnings growth compared to MCO's PEG ratio of 3.07 [2]. - AXP's P/B ratio stands at 6.40, whereas MCO's P/B ratio is much higher at 20.80, suggesting AXP is more undervalued relative to its book value [2]. Value Grades - AXP has received a Value grade of B, indicating it is considered undervalued, while MCO has a Value grade of F, suggesting it is overvalued based on the analyzed metrics [3].

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has American Express (AXP) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.American Express is a member of the Finance sector. This group includes 871 individual stocks and currently holds a Zacks Sector Rank of #1. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the indiv ...

American Express Company (AXP) reported third-quarter 2024 earnings per share (EPS) of $3.49, which beat the Zacks Consensus Estimate by 6.7%. The bottom line climbed 6% year over year.Total revenues net of interest expense amounted to $16.6 billion, which marginally missed the Zacks Consensus Estimate. However, the top line improved 8.2% year over year in the quarter under review.The strong third-quarter 2024 earnings benefited from rising net interest income, growth in the customer base of Millennials and ...

Financial Performance - Total revenues net of interest expense increased by 8% year-over-year to $16.636 billion for Q3 2024, and by 9% to $48.770 billion for the nine months ended September 30, 2024[13]. - Net income for Q3 2024 was $2.507 billion, or $3.49 per share, compared to $2.451 billion, or $3.30 per share in Q3 2023, reflecting a 2% increase in net income[14]. - Total revenues for the three months ended September 30, 2024, reached $16,636 million, an increase of 8.2% compared to $15,381 million in 2023[152]. - Net income for the three months ended September 30, 2024, was $2,507 million, up from $2,451 million in 2023, reflecting a growth of 2.3%[152]. - Basic earnings per share for the three months ended September 30, 2024, increased to $3.50, compared to $3.30 in 2023, representing a rise of 6.1%[152]. - Net income for the nine months ended September 30, 2024, was $7,959 million, up from $6,441 million in the same period of 2023, reflecting a year-over-year increase of 23.6%[161]. Revenue and Expenses - Non-interest revenues increased by 7% to $5,028 million for the three months ended September 2024, and by 8% to $14,823 million for the nine months ended September 2024 compared to the same periods in 2023[46]. - Total expenses rose by 12% to $5,473 million for the three months and by 9% to $16,098 million for the nine months, mainly driven by higher Card Member rewards and marketing expenses[46][52]. - Total expenses for the nine months ended September 30, 2024, were $34,738 million, an increase of 4.5% from $33,229 million in 2023[154]. Credit and Loans - Provisions for credit losses rose by 10% year-over-year to $1.356 billion, primarily due to higher net write-offs[13]. - Total loans and Card Member receivables increased by 10% year-over-year, indicating continued growth in lending[17]. - Card Member loans reached $134,548 million, reflecting a 14% increase compared to $117,978 million in the previous year[40]. - The net write-off rate for principal, interest, and fees was 2.2% for the three months ended September 30, 2024, compared to 2.0% in the previous year[40]. - Total provisions for credit losses rose by 10% to $1,356 million for the three months and by 12% to $3,893 million for the nine months[27]. Shareholder Returns - The company returned $2.4 billion to shareholders through share repurchases and dividends during the quarter[19]. - The company repurchased 7.7 million common shares at an average price of $245.30 during Q3 2024[100]. - Cash dividends declared for common shares were $439 million, with a dividend of $0.60 per share[167]. Customer Metrics - Billed business grew by 6% year-over-year, with U.S. Consumer Services and International Card Services showing strong growth of 6% and 13% respectively[15]. - Average proprietary basic Card Member spending increased by 2% to $6,110 for the three months and by 2% to $18,224 for the nine months[37]. - The average fee per card increased by 13% to $105 for the three months and by 11% to $101 for the nine months[37]. Regulatory and Compliance - The company is now classified as a Category III firm under U.S. federal bank regulatory agencies, subjecting it to heightened capital and liquidity requirements[129]. - The company is required to submit its initial resolution plan under new FDIC rules by July 1, 2026, with an interim supplement due by July 1, 2025[130]. - The company is cooperating with ongoing governmental investigations related to historical sales practices and compliance with consumer protection laws[129]. Market and Economic Conditions - The company’s financial performance may be impacted by macroeconomic conditions, including recession risks and inflation[144]. - Future revenue growth will depend on effective management of operating expenses and risk, as well as successful execution of the share repurchase program[144]. - The company anticipates challenges in growing revenues net of interest expense due to competitive pressures and changes in spending volumes[144]. Capital and Liquidity - The company maintained its Common Equity Tier 1 (CET1) capital ratio at 10.7%, within its target range[19]. - As of September 30, 2024, customer deposits increased to $135.4 billion from $129.1 billion as of December 31, 2023, representing a growth of 2.3%[105]. - The company issued $12.1 billion of debt in the nine months ended September 30, 2024, including $8.9 billion of unsecured debt and $3.2 billion of asset-backed securities[106].