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 down 0.3%. By the end of trading, American Express fell $1.60 (-1.9%) to $85.02 on average volume. Throughout the day, 4,722,410 shares of American Express exchanged hands as compared to its average daily volume of 3,779,200 shares. The stock ranged in price between $84.91-$85.91 after having opened the day at $85.28 as compared to the previous trading day's close of $86.62. Other companies within the Financial Services industry that declined today were:
), down 28.9%,
), down 19.2%,
), down 10.0% and
), down 7.7%.
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American Express Company provides charge and credit payment card products and travel-related services to customers worldwide. American Express has a market cap of $91.6 billion and is part of the financial sector. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7. Shares are down 4.5% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate American Express a buy, 2 analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. 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,
), up 30.7%,
), up 16.7%,
), up 15.2% and
), up 8.4% , 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.
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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.