American Express (AXP) shares edge lower as Q2 revenue falls short of expectations
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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
AmEx's revenue miss eclipses strong annual profit forecast
July 19, 2024 7:03 AM EDTBy Niket Nishant
(Reuters) -American Express's second-quarter revenue jumped 9% to a record $16.33 billion on the back of robust spending from its wealthy customers but still fell short of expectations, sending shares of the credit card giant down 4.4%.
Known for its affluent cardholders, the company has been somewhat insulated from weakness in the economy, even as rival lenders warn of tepid loan demand at a time when borrowing costs are at... More
American Express (AXP) Tops Q2 EPS by 26c, Offers Guidance
July 19, 2024 7:03 AM EDTAmerican Express (NYSE: AXP) reported Q2 EPS of $3.49, $0.26 better than the analyst estimate of $3.23. Revenue for the quarter came in at $16.3 billion versus the consensus estimate of $16.59 billion.
GUIDANCE:
American Express sees FY2024 EPS of $13.30-$13.80, versus the... More
Netflix, Trump nomination, outages - what's moving markets
July 19, 2024 4:55 AM EDTInvesting.com -- Netflix will be in the spotlight Friday, after the streaming giant beat expectations of net subscriber additions but issued a cautious revenue guidance. Donald Trump accepted the Republican Party presidential nomination, while Wall Street looks set to end the week lower with a sectorial rotation under way.Â
1. Netflix net adds ahead, revenue guidance cautious
Netflixs third-quarter revenue guidance fell short of expectations, even as the streaming giant reported better-than-expected second-quarter results amid blowout subscriber additions, driven by a strong content slate and an ongoing... More
American Express (AXP) July option implied volatility at 100 into quarter results
July 18, 2024 11:08 AM EDTAmerican Express (NYSE: AXP) July call option implied volatility is at 100, August is at 29; compared to its 52-week range of 17 to 33 into the expected release of quarter results before the bell on July 19.
... MoreAmerican Express (AXP) July 250 straddle into quarter results
July 18, 2024 4:42 AM EDTAmerican Express (NYSE: AXP) July 250 straddle priced for a move of 4% into the expected release of quarter results before the bell on July 19.
... More