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 the credit card giant beat top- and bottom-line estimates for the third quarter.
The company also 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
- The equity has taken a breather from its Sept. 23, record high of $349.19
- Found a floor at the $320 level, which contained a pullback in late August
- The 80-day moving average has also provided support
An unwinding of pessimism in the options pits could boost AXP.
Author's summary: American Express stock rises after beating estimates.
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