Is American Express Stock a Buy Now?

American Express (NYSE: AXP) put together a fantastic performance for investors in 2024. Shares of the credit card company soared 59% last year, substantially outperforming the broader S&P 500.This top financial stock is trading near record territory. The market is enthused by strong business momentum on a fundamental basis, as American Express is putting up solid results. So, is now a good time to buy the shares?American Express is a unique operation in the financial services sector because not only does it issue cards to borrowers and extend them credit, but it also runs a payments network and a banking entity that provides savings products and loans. This diversifies revenue streams somewhat, and it gives the business multiple growth engines.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool