American Express (AXP) Tops Q2 EPS by 26c, Offers Guidance
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Go back to American Express (AXP) Tops Q2 EPS by 26c, Offers Guidance
July 22, 2024 6:25 AM EDT
RBC Capital analyst Jon Arfstrom raised the price target on American Express (NYSE: AXP) to $267.00 (from $265.00) while maintaining a Outperform rating.
The analyst comments "We are recapping 2Q results. This was a solid quarter with consistent revenues, controlled expenses, and stable credit... More
July 19, 2024 9:11 AM EDT
Citi analyst Keith Horowitz reiterated a Neutral rating and $250.00 price target on American Express (NYSE: AXP)
The analyst comments "AXP reported broad-based pressure on the top line as spend growth trends were softer than expected, but demonstrated flexibility on expenses to offset.... More
July 19, 2024 7:46 AM EDT
American Express (NYSE: AXP) reported a mixed financial performance in the second quarter, with earnings surpassing analyst expectations but revenue falling short.
The company's adjusted earnings per share (EPS) rose 21% to $3.49, exceeding the analyst estimate of $3.23. However, revenue for the quarter was $16.3 billion, not meeting the consensus estimate of $16.59 billion.
Despite the revenue shortfall, shares of American Express declined marginally by -1.9%, indicating a tempered response from investors to the company's revenue miss.
Chairman and CEO Stephen J. Squeri highlighted the... More
