AXP - American Express Company

NYSE - NYSE Delayed Price. Currency in USD
118.43
-1.58 (-1.32%)
At close: 4:02PM EDT

118.43 0.00 (0.00%)
After hours: 5:15PM EDT

Stock chart is not supported by your current browser
Previous Close120.01
Open119.27
Bid118.12 x 800
Ask118.73 x 1200
Day's Range117.85 - 119.40
52 Week Range89.05 - 120.88
Volume3,200,139
Avg. Volume3,364,712
Market Cap98.899B
Beta (3Y Monthly)1.10
PE Ratio (TTM)15.08
EPS (TTM)7.85
Earnings DateJul 16, 2019 - Jul 22, 2019
Forward Dividend & Yield1.56 (1.33%)
Ex-Dividend Date2019-07-03
1y Target Est121.59
Trade prices are not sourced from all markets
  • American Express to aquire reservation platform Resy
    Yahoo Finance Video8 days ago

    American Express to aquire reservation platform Resy

    American Express is gearing up to acquire Resy. The platform allows users to "buy" reservations from high-demand restaurants where people normally would have to book in advance. Yahoo Finance's Ines Ferre, Seana Smith, Melody Hahm and Heidi Cheung discuss.

  • Top Trending: Social Security scam, Beyoncé's Uber investment and more
    Yahoo Finance Video8 days ago

    Top Trending: Social Security scam, Beyoncé's Uber investment and more

    Yahoo Finance's Adam Shapiro fills you in on the top trending stories that you need to know.

  • Amex partners with WeWork
    Yahoo Finance Video8 days ago

    Amex partners with WeWork

    Amex is giving business platinum card members access to one year, complimentary access to WeWork. WeWork Global Head of Partnership Marcy Shinder, and American Express EVP of Global B2B Marketing,Clayton Ruebensaal, join Yahoo Finance with the details.

  • American Express Hits 52-Week High, Will the Rally Continue?
    Zacks7 hours ago

    American Express Hits 52-Week High, Will the Rally Continue?

    Recent acquisition, co-brand deals and strong operating performance drive the stock rally of American Express (AXP).

  • MTA readies 'contactless' subway terminals for May 31
    American City Business Journals9 hours ago

    MTA readies 'contactless' subway terminals for May 31

    The launch was made possible thanks to the MTA's partnering with Visa, Mastercard and American Express.

  • American Express: Investors Reduced Their Stake
    Market Realist2 days ago

    American Express: Investors Reduced Their Stake

    Top Credit Card Companies: Recent Institutional Activity(Continued from Prior Part)Top investorsSix of the top ten institutional investors in American Express (AXP) reduced their holdings in the stock in the first quarter. Collectively, the top ten

  • Moody's2 days ago

    American Express Travel Related Svcs Co., Inc -- Moody's affirms American Express's A3 senior unsecured ratings, downgrades American Express National Bank's long-term deposit ratings to Aa3 due to reduction of loss-absorbing debt; outlook remains stable

    Moody's Investors Service ("Moody's") has affirmed all of the ratings of American Express Company (Amex) and the rated subsidiaries, American Express Travel Related Services Co., Inc. (TRS) and American Express Credit Corporation (Credit Corp). Amex is rated A3 for senior debt.

  • GuruFocus.com2 days ago

    American Express Co (AXP) Chairman and CEO Stephen J Squeri Sold $12.2 million of Shares

    Chairman and CEO of American Express Co (NYSE:AXP) Stephen J Squeri sold 101,964 shares of AXP on 05/20/2019 at an average price of $119.95 a share.

  • With $83 on the Horizon, Square Stock Finally Is Cheap Enough to Buy
    InvestorPlace3 days ago

    With $83 on the Horizon, Square Stock Finally Is Cheap Enough to Buy

    Square (NYSE:SQ) continues its slide. The San Francisco-based payment services company has moved lower even as its peers continue to see their stocks go higher. Despite a steady decline, analysts have mostly held to their price targets on Square stock. Although SQ may remain range-bound for some time to come, investors now have an opportunity to make a trade. Source: Chris Harrison via Flickr (Modified) Given Square's recent trading activity, where it goes from here remains in question. The stock has fallen steadily since its 2019 peak of $82.78 per share in late February. The company provided weak guidance in its quarterly report on May 1. Hence, earnings and revenue beats for the most recent quarter failed to stem the tide. As a result, SQ trades near the $65 per share level.What makes this more confusing is that our increasingly cashless society will require Square's services. This trend has benefitted peers such as PayPal (NASDAQ:PYPL) over the last year. Consequently, PayPal and peers such as Visa (NYSE:V), Mastercard (NYSE:MA), and American Express (NYSE:AXP) have exhibited remarkably similar trading patterns over the last year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 High-Yield REITs to Buy (Even When the Market Tanks) Not Square.I had taken a bearish position on Square stock in recent months. Even with an improving outlook, I thought SQ would face short-term pain back in March. However, with a further 15%, I have recently begun to hold a more bullish outlook. Square Stock Should Clear TargetsAnalysts appear to agree. The average price target on SQ currently stands at $83.50 per share, very close to the stock's 2019 high. On the low end, one analyst set a $30 per share price target. I could see such a price in a recession. However, with a growing economy and a predicted earnings growth rate of 59.6% this year, I do not think such an outcome will occur.The highest current price target comes in at $101 per share, near the level of its 52-week high. Hence, barring a recession, SQ stock should remain in its range for now.The good news for SQ bulls is that the stock price can rise even if Square remains range-bound. Although profit growth will fall modestly, Wall Street predicts that earnings will still grow at an average rate of 45.47% per year over the next five years. Currently, SQ also supports a forward price-to-earnings (PE) ratio of about 57. With its current level of profit growth, I do not see the PE ratio falling significantly in the near term. Square Stock and ExpansionFor investors who want to look beyond the short term, Square also continues to bolster its ecosystem with new products and initiatives. One example involves its Square Online store.After acquiring Weebly, it was able to offer clients a more comprehensive online store. This now makes Square a competitor of Shopify (NYSE:SHOP) and expands its reach in the fast-growing e-commerce industry. Now, with its recent alliance with Postmates, the reach of its ecosystem expands further.Financial services has also become a focus. Square already makes business loans. In recent months, it has also attempted to expand on its Cash App and break into banking itself. However, this move to gain FDIC approval and become an industrial loan company still needs to pass regulatory hurdles.Moreover, Square has only scratched the surface of its potential reach. Currently, the company only operates in the U.S., Canada, Japan, Australia, and the U.K. Though it has not announced plans to move into other countries, it holds tremendous potential offshore.All of these factors should eventually translate into growth for SQ stock, even if the equity remains range-bound for some time to come. The Bottom Line on Square StockThanks to the falling price, traders have an improved opportunity for short-term gain as the long-term outlook improves for investors. A falling stock price continues to take SQ toward the lower end of its current range.Analysts have held to their $83.50 per share price target. Further, Square continues to expand its ecosystem as they add e-commerce storefronts, small business loans, and delivery. The company also offers a bright future to investors with likely moves into banking and other foreign markets.Whether one wants to make a short-term trade or build a long-term investment, SQ stock has fallen to a level where both types of investors can likely swipe in profits.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post With $83 on the Horizon, Square Stock Finally Is Cheap Enough to Buy appeared first on InvestorPlace.

  • Warren Buffett Is the World's Biggest Investor in These 5 Stocks
    Motley Fool4 days ago

    Warren Buffett Is the World's Biggest Investor in These 5 Stocks

    Berkshire Hathaway is the single largest shareholder of these well-known companies.

  • As Amex scoops up Resy, a look at its history of acquisitions
    TechCrunch4 days ago

    As Amex scoops up Resy, a look at its history of acquisitions

    Alex Wilhelm ContributorAlex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity,TechCrunch's venture capital-focused podcast

  • Almost Half of Warren Buffett's Stock Portfolio Is In This Industry
    Motley Fool4 days ago

    Almost Half of Warren Buffett's Stock Portfolio Is In This Industry

    Berkshire Hathaway's vast $200 billion stock portfolio is far more concentrated than you may realize. But that doesn't mean investors should follow his lead.

  • Why Is American Express (AXP) Up 4.8% Since Last Earnings Report?
    Zacks6 days ago

    Why Is American Express (AXP) Up 4.8% Since Last Earnings Report?

    American Express (AXP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • 5 Great Blue-Chip Stocks to Buy Today
    InvestorPlace6 days ago

    5 Great Blue-Chip Stocks to Buy Today

    If you're like me, the current bout of trade-induced volatility isn't sitting too right. And while swings and bear markets are a part of investing, the kind of big plunges we've recently seen does make for some sleepless nights. Which is why the stocks to buy today could be America's blue-chip stocks.Blue-chip stocks don't necessarily have a formal definition, but they are generally stable and well-established companies. Blue-chip stocks are typically household names with billions in revenues and steady rising profit profiles. Often, they share the wealth with their investors via rich dividend and buyback programs. The best part is that investors can count on blue-chip stocks to help them get through periods of malaise and bear markets as they tend to be less volatile than let's say, smaller growth stocks.To that end, with the markets starting to feel a bit shaky, blue chip stocks could be the best way to position your portfolio in the upcoming months.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Chinese Stocks That Could Pop On a Trade Deal But which blue-chip stocks make sense to buy today? Here are five that could help you get through the next few months and an upcoming bear market. Cisco Systems (CSCO)Source: Shutterstock The technology sector is often seen as a growth element for a portfolio. However, the sector does feature plenty of blue-chip stocks that produce mountains of cash flows, steady dividends, and rising profits. Case in point, former dot-com darling Cisco Systems (NASDAQ:CSCO).After building the internet and networking with its focus on switching gear and routers, CSCO made the smart pivot into services and reoccurring revenues. It basically created the model that many tech firms have copied. And in doing that, Cisco has become a cash generation machine. Last quarter alone, the firm managed to produce more than $3.5 billion in free cash flows.The best part is that CSCO continues to share that cash with investors. The firm recently raised its dividend by 6% and added another $15 billion to its authorized buyback program.And yet, more could be in store for Cisco. The firm continues to add new capabilities to its services platform and recently unveiled new conversational A.I. to its interfaces. Adding in continued data center demand as well as the pending 5G upgrades and Cisco continues to look great.For investors looking for a strong tech sector blue-chip stock, Cisco has to be your top pick. Merck (MRK)Source: Shutterstock The steadfastness of the healthcare sector makes it a prime place to find plenty of blue-chip stocks. And one of the best could be pharmaceutical giant Merck (NYSE:MRK).For starters, MRK features a wide portfolio of current and former blockbuster drugs, vaccines and other therapies. This huge portfolio continues to drive profits and cash flows at the giant. But MRK isn't resting on its laurels. A few years ago, Merck made the shift into newer biotech and advanced cancer-fighting medications. That has turned out to be the right move.MRK's Keytruda has quickly become the go-to medicine for a variety of lung cancers and sales going through the roof. Last quarter alone, the blue-chip stock realized more than $2.2 billion in Keytruda sales alone. That double-digit growth has allowed Merck to up its total forecast and guidance for the entire year. The growth of Keytruda could continue. Merck has begun several trials looking to use the drug in other indications. This could provide even more cash flowing Merck's way. Combining the growth of its cancer portfolio with the rest of its steady drug options, and Merck is looking like a great buy for the long haul. * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs In the end, MRK's 2.85% yield and continued growth make it a powerful blue-chip stock for any investor. American Express Company (AXP)Source: Shutterstock One of Warren Buffett's favorite blue-chip stocks happens to be American Express (NYSE:AXP). And the Oracle of Omaha isn't wrong in owning it. The financial powerhouse has continued to thrive in the rising economy and has a lot to offer investors.AXP is kind of a weird bird. Like rivals, Visa (NYSE:V) and Mastercard (NYSE:MA) -- also two blue-chip stocks worth owning -- American Express operates a secured payment network and acts as a toll road when customers swipe their cards. Here, Amex scores a hefty fee. The firm's discount revenue rate was last quarter was 2.37%. Basically, for every $100 spent on its cards, $2.37 flowed back to AXP. All in all, last quarter, American Express pulled in more than $6.2 billion in revenue from these operations.Secondly, unlike V and MA, American Express is an issuer of its cards. Because of this, it's able to score hefty membership fees, interest and creates a leverage effect for its profits. Moreover, Amex's entire M.O. is about rewards and its partners pay the credit issuer plenty of fees to get their products/offers onto AXP's platform.The best part is that AXP tends to focus on the higher end of the credit spectrum. This removes many of the uncertainty and issues with offering loans and reduces default rates.All of this has made American Express a powerhouse in the financial sector. Best Buy Chip Stocks: Genuine Parts Company (GPC)Source: Shutterstock Sixty-three years. That's an amazing streak for any firm to consistently raise their dividend. But for blue-chip stock Genuine Parts Company (NYSE:GPC), it's just par for the course. The secret lies with the firms massive and irreplaceable moat.There's a good chance that you've never walked into one of GPC's locations, but your mechanic has. Under the NAPA banner, the firm operates one of the largest networks of auto parts and industrial distribution locations in the nation. Those 9,250 locations are located pretty much everywhere and that's key. Auto parts are generally a "need it now" sort of item and are pretty much immune from the whims of online sales.Because of this huge network, GPC and NAPA are pretty much the only game in town when it comes to getting parts to body shops, mechanics and service centers. This has been beyond good for GPC's bottom line over the years. In its 90-year history, sales have increased in 85 of those years. This streak was continued last year as GPC recorded more than $18.7 billion in revenues. Analysts predict that revenues will jump by about 4% this year. Naturally, those sales have turned into profits and a long streak of dividend increase for investors. * The 3 Best Marijuana Stocks to Buy Right Now This consistency has made GPC one of the best blue-chip stocks to own for the long haul. Coca-Cola (KO)Source: Chris Nielsen via FlickrWhen it comes to blue chip stocks, Coca-Cola (NYSE:KO) could be the bluest. Its brand is worldwide and is enjoyed millions of times daily. This has allowed KO to pay a constantly rising dividend for the last 55 years and provide plenty of ballast to a portfolio in markets just like today.And there is still growth to be had.Coke has moved into new beverage categories as tastes have changed. Sparkling water, juices, teas, and other healthy drinks are now on a menu at the firm. And these items continue to grow -- with revenues for these products now accounting for about half of KO's total pie. Meanwhile, KO has improved margins via new packaging designs and sizes. Adding in some tech -- such as its Arctic Coolers and Freestyle machines -- and Coke seems to be winning the beverage wars.The proof is in the pudding. Continued product mix development has resulted in a big 5% jump in revenues last quarter. Likewise, earnings saw a big surge and KO has managed to produce roughly $6.28 billion in free cash flow over the last 12 months.Yes, KO is boring. But that's what exactly what investors should be looking for in a blue-chip stock. Consistency, with a touch of growth. If that doesn't describe Coca-Cola, then I don't know what does.Disclosure: At the time of writing, Aaron Levitt did not have a position in any stock mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post 5 Great Blue-Chip Stocks to Buy Today appeared first on InvestorPlace.

  • Dow 30 Stock Roundup: Walmart, Cisco Earnings Impress
    Zacks7 days ago

    Dow 30 Stock Roundup: Walmart, Cisco Earnings Impress

    The index enjoyed a strong week of gains after the after U.S.-China trade rhetoric cooled off to an extent.

  • American Express to Buy Resy & Expand in Hospitality Space
    Zacks8 days ago

    American Express to Buy Resy & Expand in Hospitality Space

    American Express (AXP) to buy Resy, a digital restaurant reservation platform, and help its customers with restaurant reserving facilities.

  • Visa or Mastercard: Which Stock Looks Better Post Results?
    Zacks8 days ago

    Visa or Mastercard: Which Stock Looks Better Post Results?

    Visa and Mastercard, by virtue of their brand name, vast network, expanding global presence and strong digital platforms, are key players in the payments processing space.

  • Top 7 Dow Jones Stocks of 2019 — So Far
    InvestorPlace8 days ago

    Top 7 Dow Jones Stocks of 2019 — So Far

    Escalating trade tensions between the U.S. and China have weighed on financial markets in May. Some analysts are calling these renewed trade tensions the beginning of a doomsday scenario. New tariffs have the potential to not only cut into corporate profit margins, but also push inflation higher in the U.S., especially against the backdrop of a full labor market. That will cause the Fed to come off the sidelines and raise rates.Thus, one potential outcome here is elevated trade tensions and a rate-hiking Fed. That is exactly what we had in late 2018, and that combo caused stocks to drop 20% into bear market territory. Consequently, some analysts are concerned that a new bear market may be right around the corner.But these concerns are overblown. In the big picture, U.S. President Donald Trump is married to the stock market, and because he has consistently tied his success to the success of stocks, he essentially has to keep the market afloat in order to improve his re-election odds in 2020. That's why the U.S. included a grace period for goods in-transit for this round of tariffs. Trump and company want to get a deal done. So does China because their entire economic improvement in 2019 has been predicated on stable trade conditions.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThus, a deal will get done soon. Once it does get done, this little market selloff will reverse course, and stocks will proceed to march higher.With that in mind, it seems appropriate to reflect on how impressive the 2019 stock market rally has been. Year-to-date, the Dow Jones is up 10%. To put that in perspective, the Dow has risen by more than 10% in a year only seven times this century. We are already at that level, and it's only May. * 10 Retirement Stocks That Won't Wilt in a Bear Market Further, seven Dow Jones stocks are up more than 20% in 2019. That's largely unprecedented for the Dow, especially this early in the year. Which stocks fall into that category? And will they keep rallying as market conditions remain favorable going forward? Let's take a deeper look. United Technologies (UTX)Source: Shutterstock YTD Gain: 26.7%The top Dow Jones stock thus far in 2019 is United Technologies (NYSE:UTX), with shares of UTX up nearly 27% year-to-date.This makes sense. United Technologies is an economic stock. When times are good, the stock works. When times are bad, the stock doesn't work. That's the nature of business when you sell big ticket items in the commercial aerospace, defense and building industries. Those industries need favorable economic conditions to do well. United Technologies has benefited from favorable economic conditions in 2019 (full labor market, low rates, renewed business confidence, etc), and that is why UTX stock has rallied in such a big way.Will it continue? Sure. So long as the U.S. economy remains healthy and trade issues get resolved, then UTX stock has clear runway to head higher for the foreseeable future. I think both of those things will happen. As such, I see UTX stock staying in rally mode for the balance of the year. Microsoft (MSFT)Source: Mike Mozart Via FlickrYTD Gain: 23.4%The second best performing Dow Jones stock so far in 2019 is Microsoft (NASDAQ:MSFT). Shares of the global technology giant have risen more than 23% year-to-date.The story here is pretty simple. Microsoft is all about the cloud. As goes the company's various cloud businesses (Azure, Officer 365, Dynamics 365, so on and so forth), so goes MSFT stock. Those cloud businesses slowed in late 2018 amid deteriorating global economic conditions. But as those global economic conditions improved in early 2019, Microsoft's cloud businesses regained momentum. As they did, MSFT stock moved higher. * 3 of the Best ETFs to Buy for a Play on Gold Stocks So long as these businesses continue to gain momentum, MSFT stock will remain on a winning trajectory. For the foreseeable future, Microsoft's cloud businesses should continue to gain momentum, mostly thanks to continued fundamental improvements across the global economy. As such, MSFT stock should continue to move higher throughout the rest of the year. American Express (AXP)Source: Shutterstock YTD Gain: 23.3%The third-best performing Dow Jones stock so far in 2019 is American Express (NYSE:AXP), the payments processing giant who has seen its shares rally more than 23% year-to-date.Broadly speaking, the big rally in AXP stock has everything to do with global economic improvements. When the economy is doing well, people tend to spend more on their Amex cards. Thus, as the global economy has improved over the past several months, consumer confidence has likewise improved and investors have implied this to mean that Amex's numbers are getting better.But that may not be entirely true. Amex's January quarter earnings report was a double miss. The April quarter missed on revenues. Across the board, growth is slowing, headlined by deceleration in volume and revenue growth. Thus, while investors are pricing in improvement, that improvement hasn't shown up yet. Meanwhile, AXP stock trades at a multi-year high valuation level of 15-times forward earnings.Overall, the rally in AXP stock may have come too far, too fast in 2019. This stock looks due for weakness here and now, as slowing growth will converge on a relatively rich valuation. Disney (DIS)Source: Richard Stephenson via Flickr (Modified)YTD Gain: 22.3%The fourth-best performing Dow Jones stock of 2019 is Disney (NYSE:DIS), as Disney magic has returned to the stock en route to a 22% year-to-date rally.The big story here? Streaming. Just as Microsoft is all about the cloud, Disney's gain is all about streaming. Long story short, the company has suffered over the past several years thanks to cord-cutting and a secular pivot away from linear TV, and towards internet TV. Now, Disney is aggressively pivoting into the internet TV arena. The company has already launched and built out ESPN+. Now, they have effectively bought everyone out and completely own Hulu. Next, they are launching their own streaming service, Disney+, which will be like the Netflix (NASDAQ:NFLX) for Disney content.Investors are rallying behind this huge streaming pivot. It also helps that 2019 features a blockbuster movie line-up and some major theme park expansions and upgrades. * 5 Consumer Stocks Ready to Push Higher All in all, 2019 is set to be a record, ground-breaking, and revolutionary year for Disney. Investors are excited. All this excitement will lead to DIS stock staying in rally mode into the launch of Disney+ in late 2019. If that launch is a success -- which it should be, given Disney's content portfolio -- then DIS stock stay in rally mode for 2020, too. Visa (V)Source: Shutterstock YTD Gain: 22.1%The fifth-best performing Dow Jones stock of 2019 is another payments stock which has rebounded meaningfully alongside the rest of the economy -- Visa (NYSE:V).Unlike American Express, though, Visa's numbers are actually improving. The company has reported two double-beat quarters this year, and while volume and revenue growth slowed in early 2019, growth is expected to rebound throughout the year, and exit 2019 at a similar rate it exited 2018. Broadly, then, Visa's growth trajectory is improving in-line with the economy. Thus, so long as the economy continues to improve, Visa's growth trajectory should continue to improve, too.Meanwhile, Visa stock remains off its mid-2018 valuation highs, so the stock has room to run higher in the event the numbers do continue to improve. This combination of healthy growth and multiple expansion should keep Visa stock on a winning trajectory. The Travelers Company (TRV)Source: Nancy

  • Business Wire8 days ago

    American Express Chief Executive Officer to Participate in the MoffettNathanson Inaugural Payments, Processors, and IT Services Summit

    American Express Chairman and Chief Executive Officer, Stephen J. Squeri, will participate in the MoffettNathanson Inaugural Payments, Processors, and IT Services Summit in New York City, on Wednesday, May 29, 2019 at 9 a.m.

  • American Express buys restaurant reservation service Resy
    Associated Press8 days ago

    American Express buys restaurant reservation service Resy

    NEW YORK (AP) — American Express is buying the online reservation startup Resy, the companies announced Wednesday, the latest move by AmEx to establish and maintain a foothold for its card members in some of the world's most desired restaurants.

  • Business Wire9 days ago

    American Express Aims to Expand Digital Dining, Access & Experiences with Acquisition of Resy Reservation Platform

    American Express (NYSE: AXP) today announced it has signed an agreement to acquire Resy, the digital restaurant reservation booking and management platform. The acquisition will build on the growing suite of digital-first benefits and services from American Express that extend beyond traditional rewards and points, to provide Card Members with access and experiences across travel and lodging, airport lounges, exclusive events, and dining. Founded in 2014, Resy offers a table management, CRM and booking technology suite for restaurants, with a consumer-facing restaurant reservation app and website to elevate and enhance dining experiences worldwide.

  • American Express is acquiring Resy
    TechCrunch9 days ago

    American Express is acquiring Resy

    American Express has today announced its intentions to acquire Resy, the CRMand reservation platform based out of New York

  • Is Visa Stock Too Expensive at $160 Or Is There Even More Upside Here?
    InvestorPlace9 days ago

    Is Visa Stock Too Expensive at $160 Or Is There Even More Upside Here?

    Payments processor Visa (NYSE:V) has been a gift that keeps on giving for investors who've held on to their shares. V stock is up roughly 21% so far this year and many believe the firm can keep going. The S&P 500 index is up 13.4% in the same period.Source: Shutterstock However, with a price-earnings ratio of 33.1 and a dividend yield that's below 1%, Visa stock is also an expensive buy. While the V stock price is up there, the company has a lot of room to keep on growing and that make the shares a solid addition to long-term investors' portfolios. Payments Processing GoldmineOne of the biggest reasons investors consider Visa stock at all is the fact that the firm is the largest payments processor in the world, as measured by the number of branded cards issued. That's a big deal because the industry itself has a huge growth runway, so owning the largest beneficiary of that trend has its perks. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dangerous Dividend Stocks to Stay Far Away From People are abandoning cash and opting instead for credit/debit cards and digital payments. Back in 2016 we saw the number of non-cash purchases overtake cash for the first time, and since then the gap has only gotten wider. Visa has been on the receiving end of a great deal of that growth. In 2018, Visa processed 124 billion transactions on its network -- a step up from the 111 billion it facilitated in 2017.Those rising transaction figures are the reason Visa has been able to consistently produce double-digit growth over the past few years, a trend that most expect to continue throughout the medium term. Growth AheadWith the largest number of outstanding cards, Visa has a lot of power over the fees it can charge merchants and it's used that power to grow its margins. As one of the most widely accepted credit cards, Visa appeals to customers and that in turn makes merchants more willing to pay a premium to accept Visa payments.It's also important to recognize that Visa stock isn't just a credit card play anymore, either. V has also started branching out into the digital payments space with Visa Checkout, and the firm has also took a position in Square (NYSE:SQ), a smaller payments processor with a firm foothold in next-generation payment methods. Times They Are a' ChangingSome argue that Visa's dominance in the payments processing space is actually a negative. The firm's near duopoly with Mastercard (NYSE:MA) in the credit card space could make it a target for regulatory action, especially as cash payments continue to dwindle and it becomes more and more necessary to have a credit card on-hand. Plus, there's further to fall when you're already at the top. Investors aren't wrong in saying that Visa stock has high expectations to live up to. We saw that materialize in the second quarter when V announced its earnings results. Despite the fact that Visa beat earnings expectations and met revenue predictions, the stock declined as investors digested the news. For those investors who like the payments sector but looking for broader exposure than just one name, the ETFMG Prime Mobile Payments ETF (NYSEArca:IPAY) might be the way to play it, with V stock, MA and SQ among the top holdings in its 40-stock portfolio. Visa Stock's Worth The PriceSure, there are risks when it comes to buying Visa stock. If you're a value investor, it can be worrisome to invest in a stock that's trading near all-time highs. However, it's important to note that Visa is almost always trading near all-time highs because the firm delivers solid growth more often than not. * 7 Cloud Stocks to Buy on Overcast Days The buy case for Visa stock is a simple one: the firm has a commanding market share in an extremely scalable business. The growth opportunity is there and Visa doesn't have to work hard to get it. While some of its peers like American Express (NYSE:AXP) are considerably cheaper -- at a P/E of 14.9 -- Visa offers a level of stability and security that others can't simply because of its size and reach.As long as you believe that non-cash transactions will continue gaining momentum, V stock will be a worthwhile consideration. Don't let the company's price-tag scare you, it almost never trades at a huge discount. Visa is the kind of stock you buy and hold on to for years, so its worth a look for long-term investors. As of this writing Laura Hoy did not hold a position in any or the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Trade War Stocks With a Lot of Risk * 7 Bond ETFs to Buy * 10 Stocks That Could Squeeze Short Sellers, Including CGC Compare Brokers The post Is Visa Stock Too Expensive at $160 Or Is There Even More Upside Here? appeared first on InvestorPlace.

  • American Express Subsidiaries: List of Mergers and Acquisitions
    Investopedia9 days ago

    American Express Subsidiaries: List of Mergers and Acquisitions

    Read about the most important subsidiaries of American Express Company, including two banks, an insurance company and a fraud protection company.