AmEx's revenue miss eclipses strong annual profit forecast
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American Express (AXP) PT Raised to $267 at RBC Capital
July 22, 2024 6:25 AM EDTRBC 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
Citi Reiterates Neutral Rating on American Express (AXP)
July 19, 2024 9:11 AM EDTCiti 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
American Express (AXP) shares edge lower as Q2 revenue falls short of expectations
July 19, 2024 7:46 AM EDTAmerican 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
