American Express Company Common Stock (AXP) Stock Analysis — Latest Investor Quotes & Trade Calls

Missed American Express Opportunity in Late 2023

+2.68%current return

"First, American Express. This one I was pounding the table on in late 2023 or excuse me, late October of 2023. Stock was at $150 or below. I believe PE was at like 13. We were winding down our investment fund and moving our money back into our personal portfolios. I didn't buy then, and today we're at $362 a share plus dividends. I missed a great opportunity to hop on a never sell train."

The speaker expresses regret over not buying American Express at an attractive valuation around $150 in late October 2023 when the PE was around 13. The stock has since soared to $362, highlighting a missed bullish trade opportunity.

American Express Exceeds Expectations With Record High

"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.