Shares of American Express (NYSE: AXP) have skyrocketed to an all-time high with a 44% return this year, outperforming the 20% gain in the S&P 500 index. The financial services giant has benefited from resilient macroeconomic conditions, driving solid growth and stronger earnings. Shareholders have had plenty to cheer about lately.

We recently compiled a list of the 10 Best Performing Dow Stocks in 2024. In this article, we will look at where American Express Company (NYSE:AXP) ranks on our list of the best-performing Dow stocks in 2024.

American Express (AXP) stock has done well as we predictedin our last article in April when we compared it with Mastercard and Visa. It has soared to a record high of $271.35, bringing its year-to-date high gains to almost 50%,