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home / news releases / american express a fintech powerhouse with growth mo

AXP - American Express: A Fintech Powerhouse With Growth Momentum Buy

American Express Company

2024-07-01 06:18:06 ET

Summary

  • AXP experienced strong growth in Q1 2024, with revenue up 11% and EPS up 39%.
  • AXP has a reasonable valuation compared to growth prospects, with room for dividend growth.
  • Initiating coverage with a buy based on American Express' healthy financials, strong management team, and innovation. However, near-term volatility is possible due to approaching all-time highs.

Investment Thesis

American Express ( AXP ) is a financial services company that's been experiencing strong growth. Their revenue grew 11% YoY in Q1 2024 with EPS soaring 39%. The company itself projects full year revenue growth of 9% to 11% and EPS growth of 13% to 17%. This positive performance is backed by strong credit quality with delinquency rates remaining low....

For further details see:

American Express: A Fintech Powerhouse With Growth Momentum, Buy
Stock Information
Company Name: American Express Company
Stock Symbol: AXP
Market: NYSE
Website: americanexpress.com
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