American Express is a globally recognized financial services company that specializes in payment solutions and travel-related services
The company is best known for its charge and credit card offerings, which cater to both consumers and businesses, enabling them to make purchases and manage expenses seamlessly. In addition to card services, American Express provides a range of financial products, including personal savings accounts, loans, and business financing options, as well as premium travel services and rewards programs designed to enhance customer loyalty. Through its extensive network, American Express facilitates transactions, offering a variety of products that address the needs of individuals and corporations alike in the realm of financial management and travel experiences.
Wall Street analysts raised their price targets on American Express after the company's strong Q4 earnings, with revenue growth of 9% and plans for further growth in 2025 and 2026.
AMEX earnings suggest US consumer continues to spend on travel. Erica Najarian expects American Express to remain interested in acquisitions. AXP stock price is currently up some 70% versus the start of 2024.
