Dow Jones (DJIA) Today: American Express (AXP) Leads The Day Higher, Goldman Sachs Group (GS) Lags
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.
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The
Dow Jones Industrial Average
(
^DJI
) closed down 200.0 points (-1.1%) at 17,776. During the day, 338.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 383 million. The NYSE advances/declines ratio closed at 1,257 issues advancing vs. 1,808 declining with 148 unchanged.
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The Dow component that led the way higher today was
(NYSE:
), which sported a 33-cent gain (+0.4%) bringing the stock to $78.12. Volume for American Express ended the day at 5.8 million shares traded vs. an average daily trading volume of 7.8 million shares.
American Express has a market cap of $79.47 billion and is part of the financial sector and financial services industry. Shares are down 16.1% year-to-date as of Monday's close. The stock's dividend yield sits at 1.3%.
American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S.
TheStreet Ratings rates American Express as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, increase in net income, growth in earnings per share and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full American Express Ratings Report.
Holding the Dow back today was
(NYSE:
), which lagged the broader Dow index with a $3.05 decline (-1.6%) bringing the stock to $187.97. This single loss lowered the Dow Jones Industrial Average by 23.08 points or roughly accounting for 11.5% of the Dow's overall loss. Volume for Goldman Sachs Group ended the day at 2.1 million shares traded vs. an average daily trading volume of 2.6 million shares.
Goldman Sachs Group has a market cap of $81.92 billion and is part of the financial sector and financial services industry. Shares are down 1.4% year-to-date as of Monday's close. The stock's dividend yield sits at 1.3%.
The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management company worldwide. The company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
TheStreet Ratings rates Goldman Sachs Group as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Goldman Sachs Group Ratings Report.
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