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American Express Company (AXP) live price

Discover historical price data for American Express Co. stocks and take your profit on price changes.

AXP

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140.02 USD 3.78771%
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American Express stock is one of the stock market's most promising assets. The company is notable for its ability to overcome crises, stable profits, and rapid financial recovery after the onset of the coronavirus pandemic. This asset is chosen not only by retail traders but also by big investors like Warren Buffett.

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Basic information about the company

American Express is a diversified American financial company. This organization is based in New York and is one of the 20 largest banks in the United States. Approximately one-third of the corporation's revenue comes from serving overseas customers. The financial giant was founded in 1850. It was formed by the merger of three transportation companies owned by businessmen Henry Wells, William Fargo, and John Butterfield.

American Express shares were listed on the stock exchange in May 1977. The corporation's securities are traded under the NYSE ticker: AXP. This asset has attracted the attention of both private and institutional investors. For example, among the largest holders of AXP stock were Berkshire Hathaway, Inc., Dodge & Cox, and State Street Corporation. Analysts also say that this asset is part of Warren Buffett's investment portfolio.

The company's products

AXP launched its traveler's checks in 1891. Separate divisions were involved in providing financial services to traveling customers. In 1919, the corporation was refocused on international banking transactions. The first payment card of the organization was issued in 1958. Nowadays, the most famous products of AXP are consumer, corporate, and credit cards, as well as traveler's checks.

The financial group also operates in several other areas besides providing payment facilities to individuals. The corporation provides brokerage services in travel and magazine publishing. American Express provides payment facilities not only to individuals but also to small, medium, and large businesses. The financial giant also operates affiliate networks of credit card transactions.

The latest news on the stock rate

American Express is seeing an increase in credit card payments. Following the release of its second-quarter 2022 financial results report, the organization reported a 28% year-over-year increase in total dollar billings and transactions. The U.S. economic recovery and increased consumer spending on travel contributed to the increase.

The organization continues to pay dividends to shareholders even in times of crisis. During the pandemic, it did not increase distributions to shareholders, but it did not suspend them, unlike some other corporations. At the end of the second quarter of 2022, the dividend yield on American Express stock was about 1.3%. Analysts also note that the financial giant has increased its payout to shareholders by 160% over the past 10 years. This makes its securities a safe asset in a diversified investment portfolio.

✅ Benefits of investing in American Express

  • One of the advantages of American Express is the corporation's ability to quickly find ways to stay afloat in times of crisis, as evidenced by its resilience during the coronavirus pandemic. Due to the lockdowns, the company's customers were forced to cut back on travel and outdoor activities. This led to a reduction in demand for its products and a decrease in revenue at the time. After the pandemic began, the organization's management successfully implemented a risk management strategy.
  • The financial giant has a thoughtful strategic plan to expand its customer base. To do this, the company is using a credit card renewal program, as well as expanding its list of services for small businesses. Such actions will allow the corporation's management to overcome macroeconomic problems related to the tense geopolitical situation in the world.

❌ Disadvantages of investing in American Express

  • American Express focuses on wealthy customers who prefer travel and outdoor activities. At the same time, the company offers customers lucrative offers related to their areas of interest. This allowed it to generate high income in the absence of large-scale problems in the world. During the pandemic, this approach contributed to a decline in corporate profits.
  • In the second half of 2022, the stock market situation remains uncertain. Rising interest rates, falling quotes, and increased inflation could hurt the value of assets, including AXP.

Financial performance

In the second quarter of 2022, American Express announced strong revenue growth. That figure rose 31% year over year to $13.4 billion. Provisions for write-off losses rose to $410 million. Earnings per share for American Express were $2.57, up from a projected $2.41.

The corporation continues to generate solid earnings in the second half of 2022, helped by increased customer interest in American Express products and services. Card upgrades have attracted millions of new users in the 30- to 60-year-old age group. The corporation's spending on customers in this age group increased 48% in the second quarter of 2022. However, the company reported that the investment in capturing this market segment has already been recouped.

American Express stock price forecast in 2023, 2025, and 2030

In 2023, analysts are predicting an American Express stock price of $176-201. Compared to the price of this asset at the time of the analysis, which was $137, quotes will rise by about 35% in 2023. In 2025, experts expect the AXP stock price to exceed $200, and according to optimistic forecasts, this figure can reach $226. In 2030, the value of American Express stock is expected to fluctuate between $198 and $223.

Answers to Frequently Asked Questions

How has the COVID-19 pandemic affected the American Express stock price?

In March 2020, American Express shares were worth $85. After the pandemic began, quotes didn't go into an active rally, but they didn't go down either. The company quickly enough found a way to attract new customers during lockdowns and boost profits.

How does an individual invest in AXP stock?

To start investing in global stock market assets, log into your personal DotBig account. Launch the trading terminal and select the desired asset.

How has the value of American Express securities changed over the past year?

During the year, from September 2021 to September 2022, the American Express stock price dropped from $173 to $137.

Can AXP stock be traded automatically?

DotBig offers several automated trading options. Investors have access to a trading signals service, advisor programs, and a copy trading platform.

What other companies from the financial sector can I choose to invest in?

For investing in the financial sector, you can choose stocks of Visa, Mastercard, and PayPal.

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