Citi Upgrades American Express (AXP) to Neutral, 'Spend Growth Slowing, But Other Growth Drivers Picking Up Slack'

American Express (AXP) lifted at Citi as 'card fees are growing better than expected'

October 25, 2023 10:06 AM EDT

American Express (NYSE: AXP) was raised to Neutral from Sell at Citi on Wednesday, with analyst Arren Cyganovich lifting the price target on the stock to $154 from $143 per share.

In a research note, Cyganovich noted that spending growth is slowing, but other... More

American Express (AXP) raised at Piper Sandler as EPS growth slowdown now priced in

October 24, 2023 12:10 PM EDT

Piper Sandler analyst Kevin Barker upgraded shares of American Express (NYSE: AXP) to Neutral from Underweight on Tuesday, raising the price target by just $1 to $151 per share.

The analyst told investors they are upgrading the stock as the slowdown in the... More

American Express (AXP) PT Lowered to $148 at DZ Bank

October 24, 2023 3:54 AM EDT

DZ Bank analyst Werner Eisenmann lowered the price target on American Express (NYSE: AXP) to $148.00 (from $180.00) while maintaining a Hold rating.... More

Piper Sandler Upgrades American Express (AXP) to Neutral

October 23, 2023 4:37 PM EDT

Piper Sandler analyst Kevin Baker upgraded American Express (NYSE: AXP) from Underweight to Neutral with a price target of $151.00.

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 $141.57 yesterday.

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American Express (AXP) PT Lowered to $188 at BMO Capital

October 23, 2023 6:37 AM EDT

BMO Capital analyst James Fotheringham lowered the price target on American Express (NYSE: AXP) to $188.00 (from $194.00) while maintaining a Market Perform rating.... More

American Express (AXP) PT Lowered to $185 at RBC Capital

October 23, 2023 6:16 AM EDT

RBC Capital analyst Jon Arfstrom lowered the price target on American Express (NYSE: AXP) to $185.00 (from $190.00) while maintaining a Outperform rating.... More

S&P 500 off lows as Treasury yields retreat, but mixed corporate earnings weigh

October 20, 2023 3:58 PM EDT

Investing.com -- The S&P 500 moved off session lows Friday as Treasury yields took a breather from their recent melt up, but stocks remained on course to snap a two-week week win streak amid mixed quarterly corporate earnings.

The Nasdaq gained 1.2%, and the Dow Jones Industrial Average fell 0.7% or 243 points, the S&P 500 fell 1%.

Treasury yields take breather after sharp jump

The 10-year Treasury yield retreated after hitting the a more than 16-year high a day earlier as Federal Reserve Jerome Powell reiterated that rates would be higher... More

American Express (AXP) shares fall despite topping Q3 expectations

October 20, 2023 11:31 AM EDT

American Express (NYSE: AXP) shares fell more than 4% Friday after the company reported earnings for its latest quarter.

The bank posted earnings of $3.30 per share, $0.34 better than the analyst estimate of $2.96, while revenue for the quarter came in at $15.38 billion versus the consensus estimate of $15.37 billion.

We reported another quarter of record revenues and earnings per share, which increased... More

American Express, Comerica, Coinbase rise premarket; SolarEdge falls

October 20, 2023 7:55 AM EDT

Investing.com -- U.S. futures fell Friday, weighed by rising bond yields and concerns surrounding escalating geopolitical tensions in the Middle East.

Here are some of the biggest premarket U.S. stock movers today:

American Express (NYSE:... More

AmEx's third-quarter profit tops estimates on robust spending

October 20, 2023 7:07 AM EDT

By Niket Nishant and Jaiveer Shekhawat

(Reuters) -Credit card giant American Express on Friday reported third-quarter profit that beat expectations, helped by resilient spending from its wealthy customers who shrugged off concerns about an economic downturn.

AmEx, which caters to a premium customer base, has largely been able to mitigate the hit from inflation and the Federal Reserve's rate hikes, which have made borrowing costly and reined in discretionary spending.

"It appears that the firm's... More

American Express (AXP) Tops Q3 EPS by 34c

October 20, 2023 7:01 AM EDT

American Express (NYSE: AXP) reported Q3 EPS of $3.30, $0.34 better than the analyst estimate of $2.96. Revenue for the quarter came in at $15.38 billion versus the consensus estimate of $15.37 billion.

For earnings history and earnings-related data on American Express (AXP) click here.

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