NEW YORK (

TheStreet

) --

American Express

(NYSE:

AXP

) hit a new 52-week high Thursday as it is currently trading at $57.53, above its previous 52-week high of $57.50 with 2.7 million shares traded as of 1:40 p.m. ET. Average volume has been 6.5 million shares over the past 30 days.

American Express has a market cap of $57.18 billion and is part of the

financial

sector and

financial services

industry. Shares are up 20.9% year to date as of the close of trading on Wednesday.

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, above the average financial services industry P/E ratio of 11.9 and below the S&P 500 P/E ratio of 17.7.

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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 good cash flow from operations. 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

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

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