American Express Co (NYSE: AXP) has reported earnings for its second fiscal quarter (ending June 30) of $4.16 versus $2.89 for the same period a year ago — an increase of 44%. This result exceeded the consensus estimate of $3.26 by $0.90. For the latest four quarters through June 30, E.P.S. were $13.42 versus $9.85 for the same period a year ago — an increase of 36%.
Recent Price Action
American Express Co (NYSE: AXP) stock declined by -2.7% on 7/19/24. The shares closed at $242.38. Moreover, exceptionally high trading volume at 210% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.5% during the last week.
Current PriceTarget Research Rating
AXP is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
American Express has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. American Express has a neutral Appreciation Score of 50 but a very high Power Rating of 92, producing the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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