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 at last check.
The company beat top- and bottom-line estimates for the third quarter and 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
- Sports a 13% year-to-date lead
- 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. The stock's 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 in the text.
Author's summary: American Express stock rises after beating Q3 estimates.
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