AXP - American Express Stock: Buy Sell or Hold?
2024-03-31 04:55:00 ET
The S&P 500 is on a tear, and one stock surging alongside it is American Express (NYSE: AXP) . American Express has a long track record of success in the market, thanks to its iconic branding and positioning among consumers. The longtime Warren Buffett stock has gained almost 62% since hitting a 52-week low last October, and it now trades at a premium valuation.
Here's what you should consider if you're thinking about buying American Express today.
According to data from WalletHub, American Express has a 19.6% share of the credit card market purchase volume. That makes it the third-largest payment network in the U.S., trailing only Visa (52.6% share) and Mastercard (23.7% share).
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American Express Stock: Buy, Sell, or Hold?