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In FY 2024, American Express Company (NYSE:AXP) achieved record revenues of $65.9 billion, a 10% increase on an FX-adjusted basis, with EPS rising 25% YoY to $14.01. The company demonstrated strong credit quality and billings growth, particularly during the holiday season, while being recognized as a top investment by billionaire Mario Gabelli. Despite its strong performance, some analysts suggest that undervalued AI stocks may offer greater potential for higher returns.
The Bank of New York Mellon Corporation (NYSE:BK) is evaluated among the best stocks to buy according to billionaire Mario Gabelli, founder of GAMCO Investors. The firm emphasizes a value-driven investment philosophy, focusing on identifying undervalued securities with potential catalysts for growth.Looking ahead to 2025, GAMCO's portfolio managers anticipate a resurgence in M&A activity, driven by industry consolidation and a favorable political climate. Additionally, they foresee a shift in AI investment returns as technology transitions from research to commercialization, alongside increased defense spending due to geopolitical tensions.
JPMorgan Chase & Co. reported a 3% decline in net interest income to $23.5 billion, while noninterest revenue surged 29% to $20.3 billion. Operating expenses fell 7% to $22.8 billion, but adjusted for a prior year's FDIC assessment, they grew by 5%. The bank allocated $2.6 billion for credit losses, with net charge-offs at $2.4 billion, mainly from Card Services. Despite a challenging market, JPMorgan remains a top choice for income investors, reaffirming its commitment to shareholder returns with a $3.5 billion dividend distribution and a 12% increase in its quarterly dividend to $1.40 per share.
Chris Marangi
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
American Express reports record revenues and strong growth potential for 2024
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18:13 25.03.2025
bank of new york mellon stock analysis by billionaire mario gabelli
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17:49 25.03.2025
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