American Express stock rose on Friday due to optimism about economy and competition from Capital One

From Nasdaq: 2025-06-27 18:58:00

American Express (NYSE: AXP) stock saw a late-session rally on Friday, closing higher amidst general optimism on stocks and the economy. The Wall Street Journal highlighted Capital One Financial as an emerging rival to Amex, emphasizing its recent acquisition of Discover Financial Services. Despite Capital One’s efforts to target high-spending customers with attractive perks, Amex’s cachet as the go-to card for wealthy individuals remains a strong advantage. While the Motley Fool Stock Advisor team did not include American Express in their top 10 stock picks, they have a strong track record of market-crushing returns.



Read more at Nasdaq: Why American Express Stock Flew Higher on Friday