Jim Cramer Discusses American Express Hitting All Time Highs and What That Means
Group 1 - American Express Company (NYSE:AXP) has reached an all-time high stock price, prompting discussions about raising price targets for the stock [1] - The company's recent earnings report was highlighted as exceptional, breaking a post-earnings losing streak, with strong performance in both domestic and overseas markets [2] - American Express has raised the low end of its full-year sales and earnings guidance, indicating positive growth expectations [2] Group 2 - The credit metrics for American Express are improving, with only 1.3% of card members' loans and receivables being 30 days or more past due, reflecting a healthy credit environment [2]