American Express (NYSE: AXP) stock has sputtered this year compared with its benchmarks, sector, and major competitors. The stock is down about 6% year to date, while Visa is up 6%, and Mastercard is flat. The Dow Jones Industrial Average and S&P 500 -- two indexes that include American Express -- are each up 13% so far this year. And the financial services sector within the S&P 500 has averaged a 5% return.
But based on several factors, investors and ****** ysts may be underrating the financial services giant. Just 48% of Wall Street ****** ysts rate it a buy, compared with 93% each for Mastercard and Visa. Here's why you should consider this underrated and overlooked payments stock.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
American Express stock struggled in the weeks leading up to its second-quarter earnings release as investors grew concerned about the macro environment and its impact on banks, consumer spending, rates, and credit quality. But when American Express reported Q2 earnings on July 24, the stock price rose as investors were pleasantly surprised.
Revenue increased 10% year over year to $19.6 billion but fell just short of estimates of $19.7 billion. Earnings were up 11% to $4.53 per share, beating estimates of $4.40 per share. And credit quality was strong, with provisions for credit losses and 30-day delinquency rates down year over year and net write-offs holding steady.
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But based on several factors, investors and ****** ysts may be underrating the financial services giant. Just 48% of Wall Street ****** ysts rate it a buy, compared with 93% each for Mastercard and Visa. Here's why you should consider this underrated and overlooked payments stock.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
American Express stock struggled in the weeks leading up to its second-quarter earnings release as investors grew concerned about the macro environment and its impact on banks, consumer spending, rates, and credit quality. But when American Express reported Q2 earnings on July 24, the stock price rose as investors were pleasantly surprised.
Revenue increased 10% year over year to $19.6 billion but fell just short of estimates of $19.7 billion. Earnings were up 11% to $4.53 per share, beating estimates of $4.40 per share. And credit quality was strong, with provisions for credit losses and 30-day delinquency rates down year over year and net write-offs holding steady.
#express
7 hours ago
