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Yahoo Finance Tech·1 min read

American Express Company (AXP) Gained from Demand for Its Platinum Card

American Express thrives on Platinum Card demand

American Express Company (AXP) saw a 15% increase in earnings per share as demand for its Platinum Card surged. The stock closed at $311.21 on March 4, 2026, with a 26% return over the past year.

Despite fierce competition, the Platinum Card remains a top choice for high-net-worth individuals, offering high rewards for its fees. This demand has solidified AXP's position in the market, showcasing its resilience amid economic fluctuations.

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American Express Company (AXP) Gained from Demand for Its Platinum Card | Trace