American Express Stock Eyes Best Day Since May
American Express (AXP) stock is higher after the credit card company issued a top- and bottom-line beat for the third quarter.
Shares of American Express Co (NYSE:AXP) are 4% higher to trade at $336.08, after the credit card giant beat top- and bottom-line estimates for the third quarter.
The company also raised the lower end of its 2025 profit and revenue forecasts, citing continued spending from affluent customers despite economic uncertainty.
AXP is on track for its best day since May 12, and sports a 13% year-to-date lead.
The equity has taken a breather from its Sept. 23, record high of $349.19, but found a floor at the $320 level, which contained a pullback in late August.
The 80-day moving average has also provided support.
An unwinding of pessimism in the options pits could boost AXP.
Over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 50-day put/call volume ratio of 1.
No specific quote available in the text.
Author's summary: American Express stock rises after beating estimates.
More News
- Canadian passport now outranks U.S. in tally of visa-free access
- Coughing hard won’t save you from a heart attack if you’re alone – Full Fact
- Honouring a mother's legacy: 'Love Lives Here Still' by Niepusino Liegise released
- Tariffs, Economy Uncertainty Leading Retailers To Delay Holiday Hires
- “Antifa” Protesters Charged With Terrorism for Constitutionally Protected Activity
- Evil hamsters and the worst day of your life in the new film If I Had Legs I'd Kick You
- Bruins fall to Golden Knights in high-scoring affair for 2nd-straight loss
- Album Review: They Are Gutting a Body of Water, 'LOTTO' - Our Culture
- Indiana revises school accountability plan to add new reading, diploma measures
- First Non-Travel Case of Monkeypox Hits California — How Does the Virus Spread?