That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Maintaining independence and editorial DotBig freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view.
- Operating expenses also increased, primarily reflecting higher compensation costs, as well as a net loss on Amex Ventures investments in the current quarter compared with a net gain a year ago.
- Also important is the data on short interest which shows that short shares stood at 8.31 million on Jul 14, 2022, giving us a short ratio of 1.98.
- All you need to use NetBasis are your purchase/acquisition/sales dates and the number of shares acquired and/or sold on those dates.
- Yahoo Finance Live anchors Seana Smith, Jared Blikre and Dave Briggs look at American Express shares following its latest earnings beat.
- Commercial Services also issues proprietary corporate cards and provides services to select global corporate clients.
Several other research analysts also recently weighed in on the company. Citigroup downgraded American Express from a neutral rating https://dotbig.com/ to a sell rating and cut their price target for the stock from $159.00 to $130.00 in a research note on Thursday, October 13th.
Why Shares of American Express Are Falling This Morning
American Express took a provision for credit losses of $778 million the quarter, which is nearly a 90% increase from the second quarter. Still, probable loan losses of $391 million only rose about $39 million from the prior quarter and 30-day delinquencies rose modestly as well but are still well below pre-pandemic levels. A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. As an investor, you want to buy stocks with the highest probability of success.
Easy returns have been made; the focus now turns to selecting specific undervalued stocks. Global Consumer Services Group Q3 pretax income of $1.31B, down from $1.4B in Q2 and up from $1.25B in Q3 2021. American Express added 3.3M proprietary cards in the quarter and saw acquisitions AXP stock of U.S. Based on 2021 revenue of $42.4B, that brings AmEx’s expected range to $52.1B-$53.0B. Network volumes represent the total of billed business and processed volumes. Corporate functions and certain other businesses and operations are included in Corporate and Other.
The Corporate Secretary’s Office
The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index quotes are real-time. These Morningstar Medalists have a significant portion of their assets tucked in wide-moat stocks. Rising rates remain a headwind, but valuations are now looking more reasonable. Warren Buffett discusses why he keeps cash on hand, warns of “bloviated bull,” and explains why he’s not a stock-picker.
The 0.13% of American Express Company’s shares are in the hands of company insiders while institutional holders own 86.50% of the company’s shares. DotBig Also important is the data on short interest which shows that short shares stood at 8.31 million on Jul 14, 2022, giving us a short ratio of 1.98.
American Express Results Top Expectations. Travel Spending Provides a Lift.
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.51% per https://dotbig.com/markets/stocks/AXP/ year. These returns cover a period from January 1, 1988 through September 12, 2022.
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Had its target price trimmed by JPMorgan Chase & Co. from $175.00 to $170.00 in a research report released on Tuesday morning, Benzinga reports. The firm currently has a neutral rating on the payment services company’s stock. Commercial Services, which issues a wide range of proprietary DotBig corporate and small business cards and provides services to U.S. businesses, including payment and expense management, banking and non-card financing products. Commercial Services also issues proprietary corporate cards and provides services to select global corporate clients.
Investor Relations News Details
Warren Buffet’s philosophy relies on identifying stocks to buy and hold. He believes that the best names to buy and hold are those of undervalued companies that https://dotbig.com/markets/stocks/AXP/ have high chances of being successful ove… AXP shares have displayed notable relative strength in 2022, down 11% and widely outperforming the S&P 500.
Insiders at American Express Company (NYSE:AXP) sold US$14m worth of stock, possibly indicating weakness in the future
U.S. stocks surged to close out the trading week on Friday after a report said the U.S. Federal Reserve will likely debate on a smaller interest rate hike in December, raising hopes the central bank may be poised to adopt a less aggressive policy stance.
We added 3.3 million proprietary cards in the quarter, and saw acquisitions of U.S. Millennials and Gen Z customers – our fastest growing demographic – are powering this growth and comprised more than 60 percent of our consumer proprietary card acquisitions in the quarter. The fact that American Express Company stock there have been no American Express insider transactions recently certainly doesn’t bother us. It’s heartening that insiders own plenty of stock, but we’d like to see more insider buying, since the last year of American Express insider transactions don’t fill us with confidence.
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