How To Earn $500 A Month From American Express Stock In The Wake Of Dwindling U.S. Consumer Health
Portfolio Pulse from AJ Fabino
American Express Company (NYSE:AXP) reported better-than-expected Q2 earnings, but shares fell due to higher provisions for credit losses. The company's dividend yield is currently 1.36%. To earn $500 per month from AXP's dividends, an investment of around $441,176.47, or about 2,575 shares, is needed. However, the deteriorating consumer financial health in the U.S. could impact the company's performance.
July 21, 2023 | 7:03 pm
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American Express reported strong Q2 earnings but higher credit loss provisions led to a drop in share price. The company's dividend yield is 1.36%, but deteriorating U.S. consumer financial health could impact future performance.
American Express beat Q2 earnings estimates, which is typically a positive signal for the stock. However, the company's higher provisions for credit losses, which indicate potential future losses due to bad loans, led to a drop in the share price. This suggests that investors are concerned about the company's future profitability. Additionally, the deteriorating consumer financial health in the U.S. could lead to more bad loans, further impacting the company's performance.
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