Dow Today: American Express (AXP) Higher

The Dow Jones Industrial Average ( ^DJI) is trading up 92 points (+0.6%) at 15,080 as of Friday, Jul 5, 2013, 1:35 p.m. ET. During this time, 217.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 622.3 million. The NYSE advances/declines ratio sits at 1,414 issues advancing vs. 1,584 declining with 78 unchanged.
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The Dow component leading the way higher looks to be American Express (NYSE: AXP), which is sporting a $1.37 gain (+1.8%) bringing the stock to $75.95. This single gain is lifting the Dow Jones Industrial Average by 10.37 points or roughly accounting for 11.3% of the Dow's overall gain. Volume for American Express currently sits at 2.5 million shares traded vs. an average daily trading volume of 5.8 million shares.

American Express has a market cap of $81.98 billion and is part of the financial sector and financial services industry. Shares are up 29.7% year to date as of Wednesday'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.

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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