American Express Stock Eyes Best Day Since May
American Express (AXP) stock is higher after the credit card company issued a top- and bottom-line beat for the third quarter. Shares of American Express Co (NYSE:AXP) are 4% higher to trade at $336.08, after beating top- and bottom-line estimates.
The company raised the lower end of its 2025 profit and revenue forecasts, citing continued spending from affluent customers despite economic uncertainty. AXP is on track for its best day since May 12, with a 13% year-to-date lead.
The equity found a floor at the $320 level and has been supported by its 80-day moving average. An unwinding of pessimism in the options pits could boost AXP, with a 50-day put/call volume ratio of 1 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX).
No specific quote available.
Author's summary: American Express stock rises after beating estimates.
- Stock price: $336.08
- Year-to-date lead: 13%
- 50-day put/call volume ratio: 1
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