American Express (AXP) Boasts Earnings & Price Momentum: Should You Buy?

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Focus List: American Express (AXP)

Founded in New York in 1850, American Express is a diversified financial services company, providing debit and credit card products, and travel-related services worldwide. American Express and its principal subsidiary, American Express Travel Related Services (“TRS”) are banking holding companies under the Bank Holding Company Act of 1956. The Company provides services related to business travel through its unconsolidated joint venture, American Express Global Business Travel (“GBCT”). GBT JV).

On December 23, 2021, AXP was added to the Focus list at $162.47 per share. The shares have increased 7.39% to $173.29 since then, and the company is ranked 3rd (Hold) in the Zacks rating.

Seven analysts revised up their earnings estimates in the last 60 days of fiscal 2021. The Zacks consensus estimate increased by $0.09 to $9.47. AXP boasts a surprising average earnings of 35.4%.

Furthermore, analysts expect AXP’s earnings to grow by 77.3% for the current fiscal year.

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American Express Company (AXP): Free Stock Analysis Report

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