Why American Express Stock Is Charging Higher Today
American Express(AXP) The Motley Fool·2024-04-19 16:22A strong quarter provides reassurance the lender is navigating the credit cycle well.American Express (AXP 4.60%) easily surpassed expectations in the first quarter and is guiding for full-year earnings above what Wall Street expected. Investors are buying in, sending shares of Amex up 4% as of 11 a.m. Eastern.Broad strength across all generationsInvestors are watching bank stock earnings closely this quarter, looking for signs that higher rates are causing credit quality, and earnings, to deteriorate. Amer ...