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American Express has temporarily suspended new applications for the AMEX HighFlyer Card, which was launched in partnership with Singapore Airlines in 2019. This pause may indicate a potential refresh of the card, as it has seen both improvements and reductions in benefits over the years. The future of the card remains uncertain, but there is hope for enhancements that could revitalize its appeal.
The American Express Gold Card excels in earning points on dining and groceries, offering a welcome bonus of 60,000 points after $6,000 in spending. In contrast, the Amex Green Card focuses on travel rewards with a 40,000-point bonus after $3,000 spent, along with a Clear Plus membership credit. While the Green is beneficial for frequent travelers, the Gold is generally more advantageous for everyday spending.
Jim Cramer expressed strong support for American Express (AXP) while criticizing the Trump administration's handling of tariffs, emphasizing the need for clearer communication to the public about their impact. He noted that many companies are struggling, creating a negative atmosphere for consumer spending and travel, which could lead to bankruptcies. Cramer highlighted the disparity in tariffs against American goods and the lack of a coherent strategy from the administration to address these issues.
American Express (NYSE: AXP) has an average rating of "Hold" with a target price of $303.52. The stock opened at $270.48, with a market cap of $190.02 billion and a P/E ratio of 19.31. The company recently increased its quarterly dividend to $0.82 per share, reflecting a 1.21% yield. In recent trading activity, institutional investors have shown interest, with KLP Kapitalforvaltning AS investing $61.58 million. Analysts have mixed views, with two sell ratings, sixteen holds, and nine buys, while recent earnings exceeded expectations with $3.04 EPS reported.
Following a recent sale, an insider now holds 13,500 shares of American Express, valued at $4.3 million, marking a 41.27% decrease in ownership. Analysts have mixed ratings on the stock, with a consensus target price of $303.52, while institutional investors own 84.33% of shares. American Express recently increased its quarterly dividend to $0.82, reflecting a positive change from the previous $0.70.
American Express has increased its quarterly dividend to $0.82 from $0.70, representing an annualized dividend of $3.28 and a yield of 1.21%. The ex-dividend date is April 4th, and the company maintains a payout ratio of 23.41%. Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and an average price target of $303.52.
Insider Ravikumar Radhakrishnan sold 9,485 shares of American Express at $319.17 each, totaling over $3 million, reducing his ownership by 41.27%. Analysts maintain a "Hold" rating on the stock, with a consensus price target of $303.52, while institutional investors hold 84.33% of shares. American Express recently increased its quarterly dividend to $0.82, reflecting a yield of 1.21%.
American Express has announced a 17% increase in its quarterly dividend, reflecting strong earnings momentum and confidence from leadership. The company reported record revenue of $65.9 billion in 2024, with a 25% rise in earnings per share, driven by robust spending in travel and premium services. Despite potential risks, Amex's focus on affluent customers and share repurchases indicates a positive outlook for growth and stability.
American Express has announced a 17% increase in its quarterly dividend, raising it from $0.70 to $0.82 per share, marking its largest hike in over a decade. The company reported record revenue of $65.9 billion in 2024, with a 25% rise in earnings per share to $14.01, driven by strong card member spending, particularly in travel and entertainment.Looking ahead, American Express anticipates revenue growth of 8% to 10% in 2025, with projected earnings per share between $15 and $15.50, reflecting confidence in its long-term financial strength and momentum with younger customers.
American Express has seen its stock decline by 10.9% over the past month, contrasting with a 7.5% drop in the S&P 500. Despite this, analysts project earnings growth, with estimates of $3.47 per share for the current quarter and $15.30 for the fiscal year, alongside a revenue forecast of $17.02 billion for the quarter. The company has consistently surpassed earnings expectations, maintaining a Zacks Rank of #3 (Hold), indicating potential stability amid market fluctuations.
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