American Express Stock Is Up 23% YTD, What To Expect?

American Express' stock (NYSE: AXP) has gained 23% YTD, compared to the 15% rise in the S&P500 over the same period. In sharp contrast, American Express' peer Capital One (NYSE: COF) was up just 5% YTD. Overall, AXP is currently trading at $231 per share, just above its fair value of $228 – Trefis' estimate for American Express' valuation. The credit card giant outperformed the street consensus in the first quarter of FY 2024. It reported total revenues of $15.8 billion – up 11% y-o-y, driven by a 6% gain i ...