From Nasdaq:



American Express stock has gained 25% YTD, and is currently trading at $185 per share. The company’s stock saw strong gains of 55% from levels of $120 in early January 2021 to around $185 now. The credit card giant reported mixed results in the third quarter of 2023, with earnings beating the consensus but revenues missing expectations.

The company’s top line grew 16% y-o-y to $44.72 billion in the first nine months of FY 2023. The net income figure improved 8% y-o-y to $6.44 billion. American Express’ revenues are forecast to touch $60.75 billion in FY2023, and AXP’s adjusted net income margin is likely to see a slight dip in the year, leading to an annual GAAP EPS of $11.13. The company’s adjusted net income margin is likely to see a slight dip in the year, leading to an annual GAAP EPS of $11.13. This coupled with a P/E multiple of just above 16x will lead to a valuation of $182.



Read more: Up 25% YTD, What To Expect From American Express Stock?