Dow Today: American Express (AXP) Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average ( ^DJI) is trading up 14 points (+0.1%) at 12,892 as of Wednesday, Nov 28, 2012, 11:35 a.m. ET. During this time, 249.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 629.2 million. The NYSE advances/declines ratio sits at 1,435 issues advancing vs. 1,435 declining with 148 unchanged.
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The Dow component leading the way higher looks to be American Express (NYSE: AXP), which is sporting a 54-cent gain (+1%) bringing the stock to $54.98. This single gain is lifting the Dow Jones Industrial Average by 4.09 points or roughly accounting for 29.2% of the Dow's overall gain. Volume for American Express currently sits at 2.9 million shares traded vs. an average daily trading volume of 5.2 million shares.

American Express has a market cap of $62.32 billion and is part of the financial sector and financial services industry. Shares are up 15.4% 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 customers worldwide. The company has a P/E ratio of 12.9, 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, increase in net income, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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