American Express Stock: Down Sharply From a 52-Week High $326, Is It Time to Buy?

Earlier this year, American Express (NYSE: AXP) shares soared, building on a big 2024, when shares rose 58%. At their highest point so far in 2025, shares traded at $326.27. However, the stock has since retreated, falling well below $300 as of this writing. This pullback comes even as the credit card giant posts impressive fourth-quarter results and provides optimistic guidance for 2025.So should investors view this dip as a buying opportunity or stay on the sidelines?American Express wrapped up 2024 with record financial performance. The company's net income reached $10.1 billion, up 21% year over year, while earnings per share jumped an even more impressive 25% to $14.01. Revenue climbed 9% for the year to $65.9 billion. This growth was driven by a 6% increase in cardholder spending, totaling $1.55 trillion for the year. Notably, net card fee revenue grew by 16% to $8.4 billion, reflecting the company's successful acquisition of 13 million new cards in 2024.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool