The Dow Jones Industrial Average ( ^DJI) closed up seven points at 13,239. During the day, 1.03 billion shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio closed at 1,883 issues advancing vs. 1,107 declining with 112 unchanged. The Dow component that led the way higher today was American Express (NYSE: AXP), which sported a 72-cent gain (+1.3%) bringing the stock to $57.27. This single gain lifted the Dow Jones Industrial Average by 5.45 points or roughly accounting for 77.9% of the Dow's overall gain. Volume for American Express ended the day at 5.4 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 19.9% year to date as of Friday's close. The stock's dividend yield sits at 1.3%. American Express Company provides charge and credit payment card products, and travel-related services to worldwide. The company has a P/E ratio of 13.9, 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.
- You can view the full United Ratings Report.