Dow Today: American Express (AXP) Lower

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 down 62.0 points (-0.4%) at 15,060 as of Wednesday, Jun 12, 2013, 12:35 p.m. ET. During this time, 241.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 600.8 million. The NYSE advances/declines ratio sits at 760 issues advancing vs. 2,254 declining with 88 unchanged.
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Holding back the Dow today is American Express (NYSE: AXP), which is lagging the broader Dow index with a $1.09 decline (-1.4%) bringing the stock to $75.43. This single loss is lowering the Dow Jones Industrial Average by 8.25 points or roughly accounting for 13.3% of the Dow's overall loss. Volume for American Express currently sits at 2.8 million shares traded vs. an average daily trading volume of 5.4 million shares.

American Express has a market cap of $86 billion and is part of the financial sector and financial services industry. Shares are up 33.1% year to date as of Tuesday's close. The stock's dividend yield sits at 1.2%.

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 19.7, above 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 increase in net income, revenue growth, good cash flow from operations, solid stock price performance and growth in earnings per share. 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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