NEW YORK (

TheStreet

) --

American Express

(NYSE:

AXP

) hit a new 52-week high Monday as it is currently trading at $53.87, above its previous 52-week high of $53.80 with two million shares traded as of 11:40 a.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 13.1% year to date as of the close of trading on Friday.

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company has a P/E ratio of 12.9, above the average financial services industry P/E ratio of 11.9 and below the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

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 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

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null