A 3.54% fade to $327.71 from a $339.75 open takes roughly $8 billion off a $220 billion blue chip in a single session, an unusually sharp day for a name that rarely moves like this. Whether it holds the low into the close is the thing to watch.
Latest Activity
American Express group president Anna Marrs kept none of her option exercise, selling all 44,910 shares near $327 for roughly $14.7 million. Her direct stake is now about 20,509 shares.
Doubling the average annual fee in six years is the clearest read yet on how much pricing power American Express has with affluent cardholders, and how much of its fee income depends on them staying.
The average fee for an American Express card is $136 per year. That's ~2x what cardholders were paying in 2020. $AXP https://t.co/5Suhbwo1Pb
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A 3,500-person cut at a card issuer that has leaned on premium spending growth puts the 2027 expense line at the center of the story. Visa's recent reduction makes this the second major network-side payroll cut in short order.
BREAKING: American Express, $AXP, is laying off 5% of its employees, or 3,500 people, in an effort to contain rising costs. The company's CEO says the cuts are part of an effort to make the company "more agile and efficient."
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American Express raised full-year adjusted EPS guidance to $17.60 to $17.90, the number that matters for anyone holding into year-end. Revenue missed expectations, but management is pointing to the premium-card engine and billed business growth.
American Express is locking in the next generation of $695 annual fee payers at 40% cohort growth, eight times the boomer rate, right as Robinhood and Capital One crowd the premium card field.
Gen Z is the fastest growing customer cohort for American Express by far. → Baby Boomers +5% → Gen-X: +10% → Millennials: +14% → Gen-Z: +40% $AXP https://t.co/wU7BgW31gG
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Mad Money w/ Jim Cramer 9/29/26
- Cramer says the 30-year Treasury yield is the highest in 24 years, with over 40% of S&P 500 names in a bear market
- Public backlash against AI and data centers is the new narrative risk that could make October ugly
- Goldman Sachs called the most beaten-down of a caller's bank ideas alongside Capital One and BNY Mellon
- Interviews with Meta's Dina Powell McCormick on its AI agent Muse and BWX Technologies on its new long-term strategy
Cramer's message: public perception is now the AI trade's problem, and he thinks that plus long-end yields sets up a rough October. He still wants Goldman Sachs on weakness, calling it the most beaten-down of the bank names raised by a caller.
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