Jefferies Remains Sidelined on American Express (AXP) Following 3Q

BMO Capital Raises Price Target on American Express (AXP) to $75; Reiterates Market Perform

October 20, 2016 9:45 AM EDT

BMO Capital reiterated a Market Perform rating on American Express (NYSE: AXP), and raised the price target to $75.00 (from $73.00), following the company's 3Q earnings report. AXPs 3Q16 core EPS of $1.24 beat consensus of $0.97 by 28%. The beat was top-linedriven.

Analyst James Fotheringham... More

BofA/Merrill Lynch Upgrades American Express (AXP) to Neutral

October 20, 2016 6:41 AM EDT

BofA/Merrill Lynch upgraded American Express (NYSE: AXP) from Underperform to Neutral.

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 $61.25 yesterday.

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After-Hours Stock Movers 10/19: (DRWI) (AVGR) (AXP) Higher; (SCSS) (DXPE) (EBAY) Lower (more...)

October 19, 2016 6:15 PM EDT

Today's After-Hours Movers

DragonWave Inc. (Nasdaq: DRWI) 53% HIGHER; announced Sprint (NYSE: S) has selected its microwave backhaul equipment for network deployment as part of the company's densification and optimization strategy.

Select Comfort Corp (NASDAQ: SCSS) 17.8% LOWER; reported Q3 EPS of $0.56, $0.01 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $368 million versus the consensus estimate of $391.02 million. GUIDANCE: Select Comfort Corp sees FY2016 EPS of $1.15-$1.25, versus the consensus of $1.24.

DXP... More

AmEx raises 2016 profit forecast; shares up 5.8 percent

October 19, 2016 4:19 PM EDT

By Sudarshan Varadhan

(Reuters) - American Express Co (NYSE: AXP) raised its 2016 adjusted earnings forecast and reported better-than-expected third-quarter revenue on Wednesday, sending its shares up 5.8 percent in extended trading.

The credit card issuer, which has historically catered to upscale consumers, said it plans to increase spending on digital marketing, a strategy that helped it add 1.7 million new card members in the United States this quarter and expand globally.

The company raised its full-year adjusted earnings forecast to $5.90-$6.00 per share from $5.40-$5.70 and... More

American Express (AXP) Tops Q3 EPS Views; Boosts FY16 Outlook

October 19, 2016 4:04 PM EDT

(Updated - October 19, 2016 4:06 PM EDT)

American Express (NYSE: AXP) reported Q3 EPS of $1.24, $0.28 better than the analyst estimate of $0.96. Revenue for the quarter came in at $7.8 billion versus the consensus estimate of $7.72 billion.

The company now expects GAAP earnings per share for 2016 to be... More

American Express (AXP) volatility elevated into Q3 and outlook

October 19, 2016 6:33 AM EDT

American Express (AXP) October option implied volatility is at 35, November is at 23; compared to its 52-week range of 15 to 33 into the expected release of Q3 results on October 19.

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Trading Radar for 10/19: Morgan Stanley (MS), AmEx (AXP), Halliburton (HAL), eBay (EBAY), Mattel (MAT), Seagate (STX) Report

October 18, 2016 2:22 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Housing Starts - Street sees 1.168MBuilding Permits - Street sees 1.164M

Earnings:

ASML Holdings (Nasdaq: ASML) - consensus EPS $1.05
Abbott (NYSE: ABT) - consensus EPS $0.58
Amphenol (NYSE: APH) - consensus EPS $0.68
BB&T Corp. (NYSE: BBT) - consensus EPS $0.71
Canadian Pacific... More