Jim Cramer on American Express: “Bit Cheaper Than the Overall S&P”

Group 1 - American Express Company (NYSE:AXP) is considered a relatively cheap stock compared to the S&P 500, with a projected earnings growth of 12.6% next year, slightly above market expectations [1] - The company has recently launched a refreshed platinum card, which is expected to appeal particularly to millennials and Gen Z [1] - American Express is currently trading for less than 20 times next year's earnings, making it more affordable than the overall S&P [1] Group 2 - American Express operates as an integrated payments firm, providing a range of services including credit and charge cards, banking products, and merchant services [2] - The company's CEO, Steve Squeri, is viewed positively, with the stock reaching an all-time high recently, indicating strong executive leadership [2] - While American Express shows potential as an investment, there are other AI stocks that may offer greater upside potential and lower downside risk [2]