American Express suffers as Bank of America downgrades AXP on slower growth, consumer weakness

Registration Number : 2023-00330

American Express suffers as Bank of America downgrades AXP on slower growth, consumer weakness

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Post author By admin_biglotfx
August 21, 2024
No Comments on American Express suffers as Bank of America downgrades AXP on slower growth, consumer weakness

American Express gets uncommon downgrade from BofA Securities. AXP stock loses 3.7% on Wednesday despite index gains. BofA says that AXP is overvalued based on recent meager growth. Investors are excited about Fed Minutes and Jackson Hole Symposium this week. American Express (AXP) stock was the lowest performing member of the Dow Jones Industrial […]

Tags ConsumerSpending, DiversifiedFinancials, Equities, NewsTrading, Technical Analysis

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