Stocks
American Express Attracts New Investor Amid Solid Earnings Performance
CFO4Life Group LLC has invested $1.05 million in American Express Company (NYSE:AXP).
The investment, made in the second quarter, consisted of acquiring 3,110 shares valued at approximately $1,052,000.
This is not an isolated event, as other large investors have also added to or reduced their stakes in AXP. BlackRock Inc., for instance, purchased a new stake in shares of American Express worth $14,208,662,000 during the same period.
The financial performance of American Express has been solid, with the company reporting earnings per share (EPS) of $4.53 in its latest quarter, beating analysts' expectations. The firm's revenue also increased by 10% year-over-year to $19.64 billion.