Company Update: American Express Company (NYSE:AXP) – American Express Launches Two New Co-Branded Cards with Charles Schwab

[Business Wire] – American Express today unveiled two new co-branded cards for Charles Schwab clients. The multi-year, exclusive partnership between the two companies was first announced last year. Read more on this. American Express Company (AXP) , with a current value of $58.21B, started trading this morning at $60.51. Looking at the stock, its one day range is $60.28 to $60.97 with its 52-week range being $50.27 to $81.92. AXP shares are currently priced at 11.04x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.55x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.16 per share annually in dividends, yielding 1.92%. According to a consensus of 29 analysts, the earnings estimate of $1.34 per share would be $0.14 worse than the year-ago quarter and a $0.05 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $5.49, which would be a $0.11 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $8.08 Billion. If realized, that would be a 1.64% increase over the year-ago quarter. In terms of ratings, Oppenheimer upgraded AXP from Underperform to Perform (Jan 25, 2016). Previously, Argus downgraded AXP from Buy to Hold. Investors should keep in mind is that the average price target is $63.96, which is 5.70% above where the stock opened this morning. See more in (NYSE:AXP) Similar Articles: Stock Update: American Express Company (NYSE:AXP) – SAP Ariba and American Express Team to Streamline Purchase Reconciliation and Compliance Market Update: American Express Company (NYSE:AXP) – WIPP and American Express OPEN Celebrate First-Time Achievement of 5% Federal Contracting Goal for Women-Owned Small Businesses Stock Update: American Express Company (NYSE:AXP) – American Express Cards® Now Accepted at Sam’s Club