In the face of challenging market conditions on Monday, American Express Co.'s (NYSE:AXP) shares emerged as a standout performer, rising by 2.13% to $144.59. This broke a three-day losing streak for the company's shares, although they still fell short of their year-high by $37.56, which was reached on February 14th.
The broader market experienced a downturn on Monday, with the S&P 500 and Dow Jones dropping by 0.17% and 0.58% respectively. In contrast, American Express Co.'s performance bucked this trend.
While competitors such as JPMorgan Chase (NYSE:JPM) & Co., Visa Inc (NYSE:V)., and Bank of America Corp (NYSE:BAC). saw their shares decrease by 1.36%, 0.79%, and 2.81% respectively, American Express Co.'s shares outperformed these trends. Notably, the company's trading volume of 5.2 million exceeded its 50-day average, indicating heightened investor interest in the stock.
According to InvestingPro data, American Express Co. has a market cap of $105.41B USD, a P/E ratio of 13.53 and revenue of $54.38B USD. This revenue growth of 9.58% is noteworthy, especially when considering that the company's gross profit stands at $30.41B USD, demonstrating a healthy profit margin of 55.91%.
InvestingPro Tips highlight the quality of American Express Co.'s earnings, with free cash flow exceeding net income. This, along with a high return on invested capital, suggests a strong financial footing. The company has also maintained dividend payments for 53 consecutive years, a testament to its stability and commitment to returning capital to shareholders.
It is worth noting that despite the rise on Monday, American Express Co.'s shares are still trailing behind their year-high mark reached earlier this year on February 14th. The company's ability to buck the broader market trend provides a positive note amid challenging market conditions. For more insights like these, check out the numerous additional tips available on InvestingPro.
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