American Express is the Dow's top stock for 2021. Here's why

CNN2021-07-26

New York (CNN Business)American Express is the top stock in the Dow so far this year, and AmEx's earnings on Friday morning show why investors are never leaving home without it. The credit card giant ...

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精彩评论

woonws
2021-07-26
woonws
Seeing lots of innovation from Amex in Singapore, but probably also because it is playing catch up to market leaders Visa and Mastercard...
Alexisgreen
2021-07-26
Alexisgreen
Let go
Greenbull18
2021-07-26
Greenbull18
[Smile]
- A2Hong:
  Lego
Hap
2021-07-26
Hap
Up up
- Greenbull18:
  [Miser]
Jenjorjack
2021-07-26
Jenjorjack
Usually if u wait for the news it is too late. Do your own homework
Jerry79
2021-07-26
Jerry79
Huat

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Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-26 11:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/07/23/investing/american-express-earnings-stock/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)American Express is the top stock in the Dow so far this year, and AmEx's earnings on Friday morning show why investors are never leaving home without it.\nThe credit card giant ...</p>\n\n<a href=\"https://edition.cnn.com/2021/07/23/investing/american-express-earnings-stock/index.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AXP","symbol_name":"美国运通","start_time":0,"source_url":"https://edition.cnn.com/2021/07/23/investing/american-express-earnings-stock/index.html","article_id":"1137538067","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1137538067","pubTimestamp":1627268705,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"New York (CNN Business)American Express is the top stock in the Dow so far this year, and AmEx's ear","collect":0,"end_time":0,"defaultTopTitle":"cnn.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AXP":"美国运通"},"translate_title":"美国运通快递是道指2021年的头号股票。原因如下","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AXP":0.9},"content_text":"New York (CNN Business)American Express is the top stock in the Dow so far this year, and AmEx's earnings on Friday morning show why investors are never leaving home without it.\nThe credit card giant reported a quarterly profit of $2.3 billion, easily topping Wall Street's forecasts. Revenue for American Express (AXP) came in at $10.2 billion, a 33% jump from the second quarter of 2020 and also ahead of consensus estimates. The stock rose nearly 4% Friday on the news.\nThe stock is up more-than 45% this year, putting AmEx slightly ahead of Goldman Sachs. Like Goldman (GS) and other top financial stocks, Amex has thrived during the past few months as the economy has roared back to life following the brief Covid recession last year and consumers started spending again.\nAmEx also has outperformed credit card rivals Mastercard (MA) and fellow Dow component Visa (V), which are up 7% and 12% respectively in 2021.\nThe company has enjoyed an impressive run since CEO Stephen Squeri took over in 2018 from longtime AmEx chief Ken Chenault.\nSqueri has boosted AmEx's investments in tech and diversified into other areas like small biz lending with last year's acquisition of fintech startup Kabbage, a tech company aimed at small businesses. AmEx launched a new Kabbage checking account for that market last month.\n\"Our strong second-quarter results show that the steps we have taken to manage the company through the pandemic and our strategy of investing to rebuild our growth momentum are paying off,\" Squeri said in the company's earnings release.\nSqueri also said during a conference call with analysts Friday morning that AmEx is holding up well despite increased competition from technology companies like Square (SQ) and Venmo owner PayPal (PYPL) as well as traditional card issuers such as Capital One (COF) and US Bancorp (USB).\n\"There is a lot of competition. There's a lot of fintechs. There are banks out there,\" Squeri said, noting that the banks in particular are \"aggressive.\"\nAmEx doing a better job of reaching younger customers\nExecutives noted that AmEx has also done a better job of reaching younger consumers.\nChief financial officer Jeffrey Campbell said during the conference call that AmEx spent $1.3 billion on marketing expenses (which includes advertising) in the second quarter. 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Do your own homework","listText":"Usually if u wait for the news it is too late. Do your own homework","text":"Usually if u wait for the news it is too late. Do your own homework","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/800911061","repostId":1137538067,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":800934535,"gmtCreate":1627270818927,"gmtModify":1633766651490,"author":{"id":"3582060671348928","authorId":"3582060671348928","name":"Jerry79","avatar":"https://static.tigerbbs.com/c6ef33883e9e5d1bd98cafd01feb7dc0","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3582060671348928","authorIdStr":"3582060671348928"},"htmlText":"Huat","listText":"Huat","text":"Huat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/800934535","repostId":1137538067,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":79,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1137538067"}