American Express (AXP) CEO is “So Good,” Says Jim Cramer

Core Viewpoint - American Express Company (NYSE:AXP) has seen a 12% increase in share price over the past year, but a decline of 3.8% year-to-date, indicating mixed performance in the current market environment [2]. Group 1: Stock Performance and Analyst Ratings - American Express shares are up by 12% over the past year but down by 3.8% year-to-date [2]. - BTIG raised the price target for American Express from $307 to $328 while maintaining a Sell rating, based on spending data and deposit rates [2]. - JPMorgan increased the price target for American Express from $360 to $385, keeping a Neutral rating, influenced by President Trump's suggestion to cap credit card interest rates at 10% [2]. Group 2: Market Conditions and Future Outlook - BTIG noted stable credit conditions with no anticipated volatility in the near term [2]. - JPMorgan highlighted that the potential implementation of a cap on credit card interest rates could reshape the entire card industry, leading to lower profitability and reduced access to credit [2]. Group 3: Company Leadership and Consumer Appeal - The CEO of American Express, Steve Squeri, is recognized for his ability to attract younger consumers, particularly Gen Z [3]. - The popularity of American Express products, such as the black card, is noted among younger demographics [3].