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
Dow Jones Industrial Average
) is trading up 165 points (+1%) at 17,360 as of Friday, Oct 31, 2014, 11:36 a.m. ET. During this time, 134.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 323.9 million. The NYSE advances/declines ratio sits at 2,174 issues advancing vs. 811 declining with 155 unchanged.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
The Dow component leading the way higher looks to be
), which is sporting a $1.80 gain (+2%) bringing the stock to $90.54. This single gain is lifting the Dow Jones Industrial Average by 13.62 points or roughly accounting for 8.3% of the Dow's overall gain. Volume for American Express currently sits at 2.7 million shares traded vs. an average daily trading volume of 4.3 million shares.
American Express has a market cap of $91.4 billion and is part of the financial sector and financial services industry. Shares are down 2.2% year-to-date as of Thursday's close. The stock's dividend yield sits at 1.2%.
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 growth in earnings per share, increase in net income, notable return on equity, reasonable valuation levels and increase in stock price during the past year. 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.