Published on 15 Mar 2024 on Zacks via Yahoo Finance
Here's Why You Should Invest in American Express (AXP) Stock
American Express Company AXP is in a favorable position for growth, driven by an upswing in card member spending, increasing volumes, robust new account acquisitions and sustained business momentum. The resilience witnessed in consumer spending during recent times, despite macroeconomic uncertainties, inflation and a high interest rate environment, is expected to contribute positively to its performance.
American Express — with a market cap of $159.6 billion — is a diversified financial services company offering charge and credit payment card products and travel-related services worldwide. Courtesy of solid prospects, this Zacks Rank #2 (Buy) stock is an attractive investment opportunity now.
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