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American Express (NYSE:AXP) stock reached an all-time high of 326.31 USD, marking a significant milestone for the financial services giant, which now commands a market capitalization of $228.4 billion. According to InvestingPro analysis, the company currently appears to be trading near its Fair Value. This achievement reflects a robust 38.44% increase over the past year, underscoring the company’s strong market performance and investor confidence. The stock’s ascent to this new peak highlights the momentum American Express has gained, with an impressive "GREAT" Financial Health Score of 3.03 out of 5 from InvestingPro. The company has maintained dividend payments for 55 consecutive years, recently offering a dividend yield of 1.02%. As the company continues to expand its offerings and enhance customer experiences, investors remain optimistic about its future growth prospects, supported by analysts’ expectations of continued profitability and a healthy revenue growth forecast of 17% for FY2025.
In other recent news, American Express has announced plans for a significant refresh of its U.S. Consumer and Business Platinum Cards, marking the company’s largest investment in a card update. The enhancements will focus on travel, dining, and lifestyle benefits, with further details expected in fall 2025. Keefe, Bruyette & Woods has maintained an Outperform rating on American Express, suggesting the card refresh could drive fee income growth and higher engagement levels. Additionally, American Express disclosed a reclassification of $1.6 billion in Card Member loans related to its Amazon (NASDAQ:AMZN) small business cobrand portfolio to loans held for sale, effective June 1, 2025.
The company also reported its delinquency and write-off statistics for U.S. Consumer and Small Business Card Member loans, noting a 30 days past due rate of 1.3% for consumer loans and 1.5% for small business loans. In regulatory developments, the Federal Reserve has maintained American Express’s Stress Capital Buffer at the minimum requirement of 2.5%, ensuring the company holds sufficient capital to withstand economic stress. American Express’s Chief Financial Officer highlighted the company’s strong capital position and earnings power following the stress test results.
Furthermore, William Blair has reiterated its Outperform rating on American Express, emphasizing the company’s success with younger consumers as a key growth driver. The firm noted that Gen-Z and millennial customers provide a higher share of wallet and lower servicing costs compared to older demographics. American Express’s ongoing expansion in travel and dining offerings, including new Centurion Lounges and the acquisition of Tock, underscores its commitment to enhancing customer experience.
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