American Express’ (AXP) Quarter Was One Of The Best I’ve Seen, Says Jim Cramer

Core Insights - American Express Company (NYSE:AXP) has seen a year-to-date share price increase of 17% and a 7% rise following its fiscal third quarter earnings report [2] - The company raised its full-year earnings per share guidance to $15.20 – $15.50 and projected revenue growth of 9% – 10% over previous estimates [2] - Jim Cramer praised the company's performance, stating it was one of the best quarters he has observed, highlighting the resilience of American Express amidst a challenging financial services environment [3] Financial Performance - American Express reported strong earnings, with expectations of 12.6% earnings growth next year, which may exceed market predictions [3] - The company's payment cards have gained popularity among younger users, contributing to its positive outlook [2] Market Context - The discussion around American Express occurs within a jittery environment for financial services and bank stocks, indicating potential volatility in the sector [2][3] - Despite the positive outlook for American Express, there is a belief that certain AI stocks may offer higher returns with limited downside risk [3]