- You can view the full American Express Ratings Report.
The Dow Jones Industrial Average ( ^DJI) is trading up 29 points (+0.2%) at 13,233 as of Friday, Apr 27, 2012, 11:35 a.m. ET. During this time, 193.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 750.3 million. The NYSE advances/declines ratio sits at 1,633 issues advancing vs. 1,220 declining with 145 unchanged. The Dow component leading the way higher looks to be American Express (NYSE: AXP), which is sporting a $1.30 gain (+2.2%) bringing the stock to $60.89. This single gain is lifting the Dow Jones Industrial Average by 9.84 points or roughly accounting for 33.9% of the Dow's overall gain. Volume for American Express currently sits at 3.5 million shares traded vs. an average daily trading volume of 6.1 million shares. American Express has a market cap of $68.82 billion and is part of the financial sector and financial services industry. Shares are up 26.3% year to date as of Thursday'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 14.1, 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.