American Express stock surged 55% this year due to strong financial results and partnerships

From Nasdaq: 2024-12-25 21:30:10

American Express (NYSE: AXP) stock has surged by 55% in the past year, outperforming the S&P 500. Strong financial results, including an 8% revenue increase in Q3, have driven this growth. Fee revenue grew by 18%, with high-spending card members contributing to the company’s success. Partnerships with Marriott and Delta have also boosted revenues.

Despite softer revenue guidance, American Express raised its EPS outlook for the year. Lower interest rates and a rebound in travel spending could benefit the company. Expanding among Gen Z and millennial customers and a potentially friendlier regulatory environment under the new U.S. Presidency are positive factors for the future. The stock is valued at $255 per share.

In terms of returns, AXP stock has outperformed the S&P 500 over the last four years. The Trefis High Quality Portfolio has also consistently beaten the benchmark index. Despite a recent dip in returns, the long-term performance of AXP and the portfolio remains strong. Consider investing with Trefis Market-Beating Portfolios for potential market outperformance.



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