Jim Cramer On CNBC's "Squawk On The Street" talked about American Express Company (NYSE:AXP) third-quarter results.
American Express's contactless feature on cards has helped them immensely, says Cramer. The company reported earnings per share of $1.30, which missed analyst estimates of $1.33, and sales of $8.75 billion, which beat analyst estimates of $8.66 billion.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Cramer says he wouldn't be surprised to see in future quarters the benefit of the company's spending. He notes the hit American Express took was due to restaurants closing amid the pandemic.
American Express was trading down 1.57% at $103.15 per share on Friday at the time of publication. The company has a 52-week high of $138.13 and a 52-week low of $67.