Dow Today: American Express (AXP) Lower

The Dow Jones Industrial Average ( ^DJI) is trading up 70 points (+0.5%) at 15,540 as of Thursday, Jul 18, 2013, 1:35 p.m. ET. During this time, 429.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 592.8 million. The NYSE advances/declines ratio sits at 2,073 issues advancing vs. 866 declining with 112 unchanged.
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Holding back the Dow today is American Express (NYSE: AXP), which is lagging the broader Dow index with a $2.44 decline (-3.2%) bringing the stock to $74.36. Volume for American Express currently sits at 5.6 million shares traded vs. an average daily trading volume of 5.4 million shares.

American Express has a market cap of $85.99 billion and is part of the financial sector and financial services industry. Shares are up 33.6% 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 revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. 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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