American Express Co. (AXP) News
Filter AXP News Items
AXP News Results
|Loading, please wait...|
AXP News Highlights
- For AXP, its 30 day story count is now at 45.
- Over the past 28 days, the trend for AXP's stories per day has been choppy and unclear. It has oscillated between 1 and 6.
- The most mentioned tickers in articles about AXP are DOW, TOP and TOUR.
Latest AXP News From Around the Web
Below are the latest news stories about AMERICAN EXPRESS CO that investors may wish to consider to help them evaluate AXP as an investment opportunity.
Costco is known for low prices, massive warehouses, and having arguably the most restrictive credit card policy of any major retailer. While Costco stores and gas stations accept most debit cards, they only accept Visa credit cards. Most other retailers accept credit cards from all the major payment networks, which include American Express, Discover, Mastercard, and Visa.
NEW YORK, February 06, 2023--American Express Company (NYSE: AXP) today announced its participation in the following upcoming investor conferences.
Shares of consumer finance giant American Express (NYSE: AXP) soared 18% in January, according to data from S&P Global Market Intelligence. Rising interest rates in particular are affecting financial companies. In the 2022 fourth quarter, revenue increased 17% over last year, and billed volume increased 12%.
If you're looking for undervalued blue-chips, we've come up with a list of seven stocks that you can consider adding in February
Despite widespread fears that a recession is coming, American Express management is more optimistic about the year ahead than analysts expected.
Management's rosy forecast is for double-digit percentage revenue growth this year, building on the 25% top-line growth the company achieved in 2022. In addition, management soothed investors' concerns about how the company is faring during this uncertain macroeconomic environment, noting that it wasn't seeing signs of a recession from its customer base. The most bullish of these analysts, Stephen Biggar at Argus Research, raised his price target on the stock from $180 to $210.
Lackluster earnings reports from some of the biggest companies in the U.S. haven’t put a damper on the stock market’s bounceback. “I still think the story is about the Fed,” said Leslie Thompson, chief investment officer of Spectrum Wealth Management.
Credit card providers are courting customers in a big way in early 2023, and they're using up-front bonuses to get the job done. "Credit card sign-up bonuses can offer great value if you find the right deal," said Debt Hammer founder Jake Hill. "Ultimately, it's important for any consumer shopping for a new credit card to keep in mind what kind of value the provider has to offer and whether the customer is looking for an introductory bonus or an impressive cashback program when signing up for a new card."
The Consumer Financial Protection Bureau says its proposals could reduce late fees charged by credit-card providers by as much as $9 billion a year.
This Buffett favorite beat the market in 2022, and it's poised to try and do it again this year.