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Story summary
- American Express Company (AXP) shares fell sharply, down 7%, after fears that AI could disrupt white-collar jobs and impact consumer spending and credit performance.
- Analysts say AXP's fundamentals remain strong, with projected revenue growth of 9% to 10% for 2026.
- Jim Cramer highlighted AXP's resilience, noting that disruption from AI does not equate to extinction.
- AXP's model and focus on affluent consumers provide stability as the digital payments landscape evolves.
