Stocks
American Express Attracts Big Money Bets from Institutional Investors
American Express Company (NYSE:AXP) has seen significant investment activity in recent quarters. Evolve Private Wealth LLC purchased 15,292 shares of AXP stock during the second quarter, valued at approximately $5,172,000.
This move is part of a larger trend of institutional investors buying into American Express. BlackRock Inc. acquired a new position in AXP in the same quarter, valued at around $14,208,662,000.
The company's latest earnings report showed revenue growth of 10% year-over-year and an EPS beat. AXP has also set its FY 2026 guidance at 17.300-17.900 EPS.