American Express Exceeds Expectations With Record High

9 days ago

Carol Master / Bailey Lip Schultz

"American Express, ticker AXP, hitting a record high today in that stock price, up 7%. They raised the lower end of fullear guidance. So, revenue now expected to grow 9% to 10%. Um, earnings per share for the third quarter beat estimates. And the company said that the platinum uh premium credit cards business is doing well. It's been the quote strongest start we've ever seen with a refresh."

The speakers underline the strong performance of American Express as it hits a record high, buoyed by raised revenue guidance and excellent results in its premium credit card business. The commentary suggests bullish momentum for AXP in the near term.

Related Stocks