American Express Up 24% Year To Date: Will Momentum Sustain?
Zacks Investment Research | Sep 04, 2019 10:44PM ET
American Express Co. (NYSE:AXP) has been in favor with investors who acknowledge its strong operating performance and focus on its four strategic imperatives – expansion of leadership in the premium consumer space, build upon its strong position in commercial payments, strengthen its global, integrated network and make itself an essential part of its customers’ digital lives.
The company is successfully adding new proprietary cards led by its digital acquisition efforts. Its continuous expansion of merchant networks in the United States and international markets, and solid billings across customer segments and geographies bode well for its business volume growth going forwards.
Year to date, the stock has gained 24% compared with the Zacks Investment Research
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