AXP Stock Summary and Trading Ideas (American Express Company | NYSE:AXP)

American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.

American Express Company trades on the NYSE stock market under the symbol AXP.

As of January 16, 2025, AXP stock price declined to $311.48 with 1,946,160 million shares trading.

AXP has a beta of 0.86, meaning it tends to be less sensitive to market movements. AXP has a correlation of 0.23 to the broad based SPY ETF.

AXP has a market cap of $219.28 billion. This is considered a Mega Cap stock.

Last quarter American Express Company reported $17 billion in Revenue and $3.49 earnings per share. This fell short of revenue expectation by $-34 million and exceeded earnings estimates by $.21.

In the last 3 years, AXP traded as high as $314.00 and as low as $130.65.

The top ETF exchange traded funds that AXP belongs to (by Net Assets): VTI, VOO, SPY, IVV, DIA.

AXP has outperformed the market in the last year with a price return of +72.6% while the SPY ETF gained +25.6%. AXP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +12.6% and +5.2%, respectively, while the SPY returned +2.4% and +0.9%, respectively.

AXP support price is $307.16 and resistance is $317.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AXP shares will trade within this expected range on the day.