- You can view the full American Express Ratings Report.
The Dow Jones Industrial Average ( ^DJI) is trading up 10 points at 13,187 as of Wednesday, Mar 14, 2012, 11:35 a.m. ET. During this time, 491.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 767 issues advancing vs. 2,152 declining with 107 unchanged. The Dow component leading the way higher looks to be American Express (NYSE: AXP), which is sporting a $1.50 gain (+2.8%) bringing the stock to $55.75. This single gain is lifting the Dow Jones Industrial Average by 11.35 points or roughly accounting for 113.5% of the Dow's overall gain. Volume for American Express currently sits at 5.6 million shares traded vs. an average daily trading volume of 6.5 million shares. 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 Tuesday's close. The stock's dividend yield sits at 1.4%. 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.