NEW YORK ( TheStreet) -- American Express (NYSE: AXP) hit a new 52-week high Wednesday as it is currently trading at $54.98, above its previous 52-week high of $54.45 with 392,938 shares traded as of 9:35 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 15% year to date as of the close of trading on Tuesday. American Express Company provides charge and credit payment card products, and travel-related services to 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.
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.