American Express Company (NYSE:
AXP) is one of the
stocks Jim Cramer recently covered. Cramer highlighted the company’s quarter, as he said:
“… By the time we opened, we heard from a series of banks that were doing fine, and we got a spectacular quarter from American Express that fueled still one more rally.”
American Express Company (NYSE:AXP) provides payment, credit, and financing solutions along with travel, lifestyle, and expense management services. Moreover, the company offers merchant processing, loyalty programs, and fraud prevention solutions. Cramer mentioned the company during the September 22 episode and stated:
“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.”
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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at
Insider Monkey.
