Alberta Investment Management Corp increased its stake in American Express Company (NYSE:AXP) by 2.1% during the fourth quarter, purchasing an additional 3,200 shares to bring its total holding to 158,200 shares valued at $58.5 million. While Alberta's position grew, several other institutional investors took new...
American Express reported robust financial performance for the year ended 2024, driven by a premium business model focused on affluent cardholders and merchant fees. The company achieved $66.4 billion in revenue, representing a 9.8% increase from the previous year's $60.5 billion. This growth was accompanied...
Josh Brown, CEO of Ritholtz Wealth Management, identifies American Express (AXP) as a top stock idea, projecting the share price could reach $400. He attributes this potential to the company's wealthy client base, noting that half of US spending comes from the top 10% of...
Giverny Capital Asset Management added American Express Company (NYSE: AXP) as a new position in its model portfolio during March 2026, utilizing proceeds from an Ametek sale. The firm views the investment as attractive due to Amex's status as a premier brand serving prime borrowers...
American Express reported first-quarter 2026 earnings that significantly beat analyst expectations, with quarterly EPS reaching $4.28 and revenue totaling $18.907 billion. Billed business grew 10% year over year, while FX-adjusted card member spending rose 9%, marking the highest quarterly growth rate in three years. Despite...
