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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.