American Express' (AXP) Quarter Was One Of The Best I've Seen, Says Jim Cramer

We recently published Jim Cramer Discussed These 13 Stocks & Shared Major Warning For Rare Earth Stocks. American Express Company (NYSE:AXP) is one of the stocks Jim Cramer recently discussed.

American Express Company (NYSE:AXP)’s shares have gained 17% year-to-date. They closed 7% higher last Thursday after the firm’s fiscal third quarter earnings report. The results saw American Express Company (NYSE:AXP)’s increase its full-year earnings per share guidance of $15.20 – $15.50 and revenue growth of 9% – 10% over previous estimates. In his previous comments about the firm, Cramer has remained upbeat about the firm’s CEO, Steve Squeri. He has also praised American Express Company (NYSE:AXP)’s payment cards and their popularity with younger users. In this appearance, he discussed the firm in the context of a jittery environment for financial services and bank stocks:

“I think that American Express was one of the best quarters I have ever seen. Steve Squeri put up some numbers. Listen, if you’re gonna do defaults, you’re gonna default on American Express. No one’s defaulting here. No one. You can’t leave home without it.”

American Express Company (NYSE:AXP)’s earnings also demonstrated Cramer’s prescience as he had commented ahead of the results:

“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.”

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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.