American Express ( (AXP) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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American Express stocks are on the rise following the company’s impressive Q3 results, which saw a revenue increase of 11% and a 19% boost in EPS, surpassing expectations. The company has also raised its full-year guidance, driven by higher card member spending and successful new product launches. However, analysts remain divided due to concerns about consumer health and competition, despite the company’s strong credit performance and strategic focus on premium products.
More about American Express
YTD Price Performance: 10.04%
Average Trading Volume: 2,538,604
Technical Sentiment Signal: Buy
Current Market Cap: $224.9B
For further insights into AXP stock on TipRanks’ Stock Analysis page.
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