Raytheon awarded $71 million in Navy contracts for missile systems
American Express stock reached an all-time high of 329.34 USD, marking a significant milestone for the $227.7 billion financial services giant. According to InvestingPro data, the company maintains a robust financial health score of "GOOD" with strong profitability metrics. This new peak reflects a robust 27.21% increase over the past year, with year-to-date returns of 11.08%, underscoring strong investor confidence and positive market sentiment towards the company’s performance. The stock’s impressive ascent to its highest level ever highlights American Express’s continued growth, supported by 9.17% revenue growth and a P/E ratio of 22.94. However, current analysis suggests the stock may be slightly overvalued. Investors will be closely monitoring how the company sustains this momentum in the coming months. For deeper insights and access to 12 additional ProTips about American Express, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, American Express has released updated statistics for its U.S. Consumer and Small Business Card Member loans as of July 31, 2025. The data shows that loans held for investment totaled $93.7 billion, with a delinquency rate of 1.3% and a net write-off rate of 2.0%. Additionally, American Express has expanded its global partnership with AEG, designating it as the official payment partner across more than 40 properties worldwide. This multiyear agreement covers venues, festivals, touring, ticketing, and sports.
Furthermore, American Express has been named the Official Payments Partner of Hard Rock Stadium, the Formula 1 Crypto.com Miami Grand Prix, and the Miami Dolphins in a new multi-year deal. The company also announced the election of Randal K. Quarles and Noel Wallace to its Board of Directors, increasing the board to 14 members. In analyst updates, Truist Securities raised its price target for American Express to $348, citing slightly better-than-expected second-quarter revenue results.
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