Why American Express Stock Gained 11% in August
Shares of American Express (NYSE: AXP) stock jumped 11% in August, according to data provided by S&P Global Market Intelligence. The credit card and banking giant is benefiting from increased market optimism as the Federal Reserve is expected to lower interest rates.
American Express has carved out a niche as an elite credit card provider, servicing an upscale clientele with fee-based products that come with a coveted rewards program. Although it has only a fraction of competitor 's card membership, it has nearly double Visa's revenue. Its cardmembers are high spenders, and they're more resilient when there's pressure, making American Express resilient, too.
In the 2025 second quarter, revenue increased 9% year over year (currency neutral), and adjusted earnings per share (EPS) were up 17%.
Source Fool.com
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