American Express Co (AXP): Today's Featured Real Estate Winner
American Express (AXP) pushed the Real Estate industry higher today making it today's featured real estate winner. The industry as a whole closed the day up 3.8%. By the end of trading, American Express rose $2.49 (5.5%) to $48.04 on average volume. Throughout the day, 11.4 million shares of American Express exchanged hands as compared to its average daily volume of 8.5 million shares. The stock ranged in a price between $46.80-$48.07 after having opened the day at $47.11 as compared to the previous trading day's close of $45.55. Other companies within the Real Estate industry that increased today were: CBRE Group Inc (CBG), up 11.1%, Elbit Imaging (EMITF), up 10.9%, Jones Lang LaSalle Inc (JLL), up 10.4%, and Pennsylvania REIT (PEI), up 10%. American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. American Express has a market cap of $53.44 billion and is part of the financial sector. The company has a P/E ratio of 11.6, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 6.1% year to date as of the close of trading on Tuesday. TheStreet Ratings rates American Express as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, growth in earnings per share, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
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