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AmEx Soars Past Rivals: Mega-Cap Stock Shines
28 Nov
Summary
- American Express is a mega-cap stock valued at $249.8 billion.
- AXP shares have gained 18.8% over the past 52 weeks.
- Q3 revenue rose 10.8% to $18.4 billion, with EPS up 18.6%.
American Express (AXP), a prominent integrated payments company based in New York, stands as a mega-cap stock with a market valuation of $249.8 billion. The company is recognized for its premium charge and credit card offerings, alongside comprehensive expense management and travel services tailored for consumers, small businesses, and large corporations.
AXP's stock has demonstrated impressive performance, trading near its 52-week high and showing a remarkable 18.8% gain over the past year. This surge significantly outpaces the broader financial sector's performance, highlighting the company's strength and resilience in the credit services industry.
Reflecting its robust operational momentum, American Express reported strong Q3 earnings, with revenue climbing 10.8% to a record $18.4 billion and earnings per share increasing by 18.6%. This financial success led the company to raise its fiscal 2025 revenue and earnings guidance, bolstered by strong cardholder spending and positive reception of its premium card products.
