- American Express reported a charge-off rate of 2.4% for October 2024. The charge-off rate represents the percentage of loans that a lender deems unlikely to be collected.
- The company also reported a delinquency rate of 1.4%, indicating the percentage of loans overdue but not yet written off.
- Analyst recommendations for American Express stock are varied, with 13 analysts rating it a ‘buy’, 16 recommending to ‘hold’, and 4 suggesting to ‘sell’.
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A look at American Express Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, American Express Co shows promising long-term potential. With a solid Growth score of 4 and a strong Momentum score of 4, the company appears to be positioned for future expansion and market performance. Additionally, the Resilience score of 3 suggests a level of stability amidst economic fluctuations, which can be reassuring for investors. While the Value and Dividend scores are average at 2, the overall outlook for American Express Co seems positive.
American Express Company, a global payment and travel company, offers charge and credit payment card products along with travel-related services to consumers and businesses worldwide. With a balanced mix of growth, resilience, and momentum based on the Smartkarma Smart Scores, American Express Co may be well-equipped to navigate the competitive landscape and continue its growth trajectory in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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