Jim Cramer on American Express: "Bit Cheaper Than the Overall S&P"

American Express Company (NYSE:AXP) is one of the relatively cheap S&P 500 stocks Jim Cramer talked about. Cramer highlighted that the stock is cheaper than the S&P, as he commented:

“Then there’s American Express, which just released a refreshed platinum card, you might have gotten it this weekend, that I’m sure will be a hit, especially with millennials and Gen Z. AMEX should have 12.6% earnings growth next year, just barely better than the market. And don’t be surprised if the actual earnings growth surprises to the upside. At the same time, it’s selling for less than 20 times next year’s numbers. That’s a bit cheaper than the overall S&P.”

American Express Company (NYSE:AXP) is an integrated payments firm that provides credit and charge cards, banking and financing products, along with merchant services, fraud prevention, and loyalty programs. Additionally, the company offers travel, lifestyle, and expense management solutions for consumers, businesses, and corporations. When a caller showed concern about the company’s stock during the September 5 episode, Cramer replied:

“Oh my god, I think Steve, I’m going to have to, I don’t like to come out against our viewers, but I’m going to have to be a hundred percent against you on this. I think Steve Squeri is a remarkable executive, and I am harsh. I am hard-pressed to criticize a company that hit an all-time high on this very day. So I’m saying [buy, buy, buy].”

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Disclosure: None. This article is originally published at Insider Monkey.