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Why American Express Stock Surged Today

TheMotleyFool

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Why American Express Stock Surged Today: https://g.foolcdn.com/editorial/images/734148/a-person-holding-credit-card-looking-at-phone.jpg

American Express (NYSE: AXP) saw its share price rise today, as it was up 3.7% as of 12:20 p.m. ET on Friday. The stock was trading at about $156 per share at that time, up nearly 6% year to date.

Overall, the markets were up on Friday, as the S 500 rose 46 points (1.1%), the Dow Jones Industrial Average gained 290 points (0.9%), and the Nasdaq Composite surged 248 points (2%) as of 12:20 p.m. ET.

The primary catalyst on Friday for the credit card provider was favorable comments from a major stock market analyst.

Source Fool.com