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American Express Co (NYSE:).’s shares ended a two-day winning streak on Thursday, closing at $151.28, a slight decline of 0.15%. This occurred in a challenging market session that saw both the S&P 500 Index and the drop by 0.62% and 0.51% respectively. The stock’s closing price left it $30.87 short of its 52-week high, which was achieved on February 14th.
The company’s performance was mixed in comparison to its competitors. JPMorgan Chase (NYSE:) & Co. closed at $145.81, reflecting a 0.23% drop, and Bank of America Corp (NYSE:). ended the day at $26.90 after a fall of 0.44%. Visa Inc (NYSE:)., on the other hand, bucked the trend, closing at $236.78, an increase of 0.47%.
The trading volume for American Express stood at 2.4 million, which was 312,594 below its fifty-day average, indicating a lower level of trading activity for the company’s shares compared to recent trends.
According to InvestingPro data, American Express has a market cap of $111.44B USD and a P/E Ratio of 15.38. The company has demonstrated high earnings quality, with free cash flow exceeding net income, and yields a high return on invested capital. This is in line with the InvestingPro Tip that the company is a prominent player in the Consumer Finance industry.
American Express has also maintained dividend payments for 53 consecutive years, with a current dividend yield of 1.58%. This aligns with another InvestingPro Tip that the strong earnings should allow management to continue dividend payments.
Despite the recent slight decline in the share price, the company’s revenue growth has been positive, with a 10.52% growth in the last twelve months ending in Q2 2023. However, it is worth noting that the revenue growth has been slowing down recently.
American Express is set to announce its next earnings on October 20, 2023. With 6 analysts having revised their earnings downwards for the upcoming period, it will be interesting to see how the company performs.
For more detailed insights and tips, consider subscribing to InvestingPro, which provides real-time metrics and additional tips for a range of companies, including American Express.
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