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TheStreet Wire

Dow Today: American Express (AXP) Higher

By TheStreet Wire 05/02/12 - 12:00 PM EDT

Find out if (AXP) is in Cramer's Portfolio.

The Dow Jones Industrial Average (^DJI) is trading down 30.0 points (-0.2%) at 13,249 as of Wednesday, May 2, 2012, 12:35 p.m. ET. During this time, 269.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 738.9 million. The NYSE advances/declines ratio sits at 1,190 issues advancing vs. 1,725 declining with 128 unchanged.

The Dow component leading the way higher looks to be American Express (NYSE:AXP), which is sporting a 27-cent gain (+0.4%) bringing the stock to $61.24. Volume for American Express currently sits at 3.8 million shares traded vs. an average daily trading volume of 6.2 million shares.

American Express has a market cap of $70.34 billion and is part of the financial sector and financial services industry. Shares are up 29.3% year to date as of Tuesday's close. The stock's dividend yield sits at 1.3%.

American Express Company provides charge and credit payment card products, and travel-related services to worldwide. The company has a P/E ratio of 14.4, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates American Express as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, 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.

You can view the full American Express Ratings Report.

For more information on Dow Jones Industrial Average click any of the following:

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