American Express Stock Drops After Mixed Q4 Results

American Express (NYSE:AXP) stock is slipping today, brushing off the company's better-than-expected fourth-quarter revenue and 16% dividend increase, as investors focus on earnings of $3.04 per share that came in just below estimates. At last glance, the shares were down 3.1% at $347.33, dropping below the $350 level, which had been providing support for pullbacks this month. Now trading at its lowest level since Nov. 21, AXP is off 5% since the start of the year. Should these losses hold, it will be the s ...