After three days of market close American Express (NYSE: AXP) grows by $5.48. Weekly and monthly changes have become negative meaning that mid-term and long-term focused investors do not hold the stock for long. Since February 20 AXP could not recover to the highest positions like it was before March of 2020.
COVID-19 forced people to lose their jobs and for sure banks do not give credit card based loans to them. So, commissions earned from such kind of transactions has shrunk significantly by decreasing AXP’s Q1 2020 revenue. Waiting for dividends from this stock is not reasonable and it would be wise to trade AXP for a period of a week or days.
Editor in Chief.
Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life