American Express Stock Hits New 52-Week High (AXP)

NEW YORK ( TheStreet) -- American Express (NYSE: AXP) hit a new 52-week high Thursday as it is currently trading at $59.30, above its previous 52-week high of $59.26 with 3.4 million shares traded as of 1:55 p.m. ET. Average volume has been 6.1 million shares over the past 30 days.

American Express has a market cap of $67.33 billion and is part of the financial sector and financial services industry. Shares are up 24.9% year to date as of the close of trading on Wednesday.

American Express Company provides charge and credit payment card products, and travel-related services to worldwide. The company has a P/E ratio of 13.8, equal to the average financial services industry P/E ratio 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 growth in earnings per share, revenue growth, notable return on equity, increase in net income and solid stock price performance. 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.

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