Keefe, Bruyette & Woods Downgrades American Express (AXP) to Market Perform

Argus Downgrades American Express (AXP) to Hold

January 25, 2016 8:23 AM EST

Argus downgraded American Express (NYSE: AXP) from Buy to Hold.

The firm expects the company to face considerable revenue challenges in 2016. "Revenue has been hurt by a prolonged period of lower gas prices, continued U.S. dollar strength, and pressure on the... More

UPDATE: Oppenheimer Upgrades American Express (AXP) to Perform

January 25, 2016 7:56 AM EST

(Updated - January 25, 2016 10:41 AM EST)

Oppenheimer upgraded American Express (NYSE: AXP) from Underperform to Perform and removed its price target. The upgrade follows recent underperformance.

Analyst Ben Chittenden said, "When we downgraded shares to Underperform on 4/7/15 (at $79.63) with a $68 price target, we argued the... More

Morgan Stanley Downgrades American Express (AXP) to Equalweight

January 25, 2016 6:42 AM EST

Morgan Stanley downgraded American Express (NYSE: AXP) from Overweight to Equalweight with a price target of $64.00 (from $88.00).

For an analyst ratings summary and ratings history on American Express click here. For more ratings news on American Express click here.

Shares of American Express closed at $55.06 yesterday.

... More

UPDATE: American Express (AXP) Taps Session Low; ValuaeAct Said to Liquidate Stake

January 22, 2016 11:47 AM EST

(Updated - January 22, 2016 11:50 AM EST)

American Express (NYSE: AXP) shares sank Friday following the release of Q4 results and disappointing guidance. Shares are off 13% on strong volume.

According to CNBC, hedge fund ValuaeAct no longer has a stake in the company. Its... More

American Express (AXP) Guidance Disappoints but More Visibility Seen as Positive, Says Analyst

January 22, 2016 9:43 AM EST

Deutsche Bank maintained a Buy rating on American Express (NYSE: AXP) with a price target of $90. Shares weakened after American Express reported Q4 results and, more importantly, FY16 and FY17 guidance. Analyst David Ho sees increased visibility as a positive.

"Investors will... More

American Express (AXP) Beat Less Relevant than Guiudance; Maintain Sell - UBS

January 22, 2016 9:31 AM EST

UBS analyst, Matthew Howlett, maintained his Sell rating despite American Express (NYSE: AXP) beating estimates as the guide down was worse than expected and the analyst doesn't even trust the new numbers. He also reduced his price target to $54 from $67.

AXP reported 4Q15 adjusted EPS of $1.23 versus consensus of $1.13. The $1.23 core EPS excludes a $335MM or $0.34 p/s after-tax charge for impairment and restructuring costs related to Enterprise Growth. The company beat primarily on operating expense and net interest income, which more than offset weaker billed business and... More

Jefferies Remains Sidelined as American Express (AXP) Cuts Guidance Following 4Q

January 22, 2016 7:48 AM EST

Jefferies maintained a Hold rating on American Express (NYSE: AXP), and cut the price target to $58.00 (from $70.00), following the company's 4Q earnings report. AXP reported adjusted EPS of $1.23 versus consensus of $1.12. AXP lowered guidance and now expects challenges to persist through 2017. Management now expects 2016... More

AmEx shares fall as 2016 earnings outlook disappoints

January 21, 2016 4:34 PM EST

By Sudarshan Varadhan

(Reuters) - Credit card issuer American Express Co's (NYSE: AXP) shares slumped in extended trading on Thursday after the company's 2016 earnings forecast disappointed analysts and investors.

AmEx shares fell about 3.7 percent to $60.35 in extended trading following the company's 2016 earnings forecast of $5.40-$5.70 per share.

Stephen Biggar, an analyst at Argus Research, said while the new guidance for 2016 is above consensus earnings estimates, it includes an expected $1 billion gain on the sale of Costco... More

American Express (AXP) Tops Q4 EPS by 10c, FY16 Guidance Beats, Offers FY17 Guidance

January 21, 2016 4:06 PM EST

(Updated - January 21, 2016 4:08 PM EST)

American Express (NYSE: AXP) reported Q4 EPS of $1.23, $0.10 better than the analyst estimate of $1.13. Revenue for the quarter came in at $8.39 billion versus the consensus estimate of $8.34 billion.

GUIDANCE:

American Express sees FY2016 EPS of $5.40-$5.70, versus the consensus of $5.41.

American Express sees FY2017 EPS of at least $5.60.

Outlook

Our 2015 results and outlook reflect the reset in co-brand economics, pressures on merchant fees,... More