Why American Express Stock Is Trading Higher Today

American Express AXP shares are trading higher after mutliple firms maintained positive ratings and raised their respective price targets on the stock following the first-quarter earnings from the company on Friday.

American Express reported GAAP EPS of $2.74 and sales of $9.06 billion.

American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. 

American Express shares were trading 3.41% higher to $149.25 at the time of writing. The stock has a 52-week high of $151.46 and a 52-week low of $76.

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