Shares of American Express (NYSE: AXP) stock shot up 58.4% in 2024, according to data from S&P Global Market Intelligence. The credit card and banking giant had close to everything working in its favor last year,

American Express is closing in on a buy point near its record high. Analysts hike targets for Dow Jones giant with earnings upcoming.

Shares of the global integrated payments company, American Express Company AXP have been on an impressive rally. In 2024, the stock surged 58.5%, significantly outperforming major payment giants like Visa Inc.

Shares of American Express Co. AXP inched 0.05% higher to $302.02 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 1.11% to 5,909.03 and Dow Jones Industrial Average DJIA falling 0.42% to 42,528.36.