Jim Cramer, the host of CNBC's "Mad Money," recently recommended that investors consider buying shares of American Express despite a slight decline in stock value.
Cramer believes that American Express has long-term potential, particularly in attracting younger customers, making it a good investment.
He emphasized the importance of focusing on the company's strong earnings performance rather than short-term revenue fluctuations.
American Express has seen strong loyalty among younger consumers, which Cramer believes will lead to sustained revenue growth.
He also mentioned that the company's credit quality metrics are likely to improve as interest rates decrease.
Despite a decline in stock value after the earnings report, Cramer sees this as an opportunity for investors to buy shares at a discounted price.
He encourages investors to consider the broader narrative of American Express's evolving customer base and its ability to adapt to changing market conditions.