American Express Co (AXP): Today's Featured Financial Services Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.6%. By the end of trading, American Express fell $1.47 (-1.9%) to $76.80 on heavy volume. Throughout the day, 16,168,957 shares of American Express exchanged hands as compared to its average daily volume of 5,459,600 shares. The stock ranged in price between $74.62-$77.45 after having opened the day at $75.35 as compared to the previous trading day's close of $78.27. Other companies within the Financial Services industry that declined today were:
(
), down 5.9%,
(
), down 4.2%,
(
), down 3.8% and
(
), down 3.0%.
American Express Company provides charge and credit payment card products and travel-related services to customers worldwide. American Express has a market cap of $85.5 billion and is part of the financial sector. Shares are up 36.2% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate American Express a buy, 1 analyst rates it a sell, and 12 rate it a hold.
TheStreet Ratings rates
American Express
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full American Express Ratings Report.
On the positive front,
Millennium India Acquisition Corporation
(
), up 62.5%,
(
), up 7.4%,
(
), up 5.3% and
(
), up 3.6% , were all gainers within the financial services industry with
(
) being today's featured financial services industry leader.
- Use our financial services section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider
(
) while those bearish on the financial services industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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