Form 8-K AMERICAN EXPRESS CO For: Jan 24
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William Blair Reiterates Outperform Rating on American Express (AXP)
January 27, 2025 7:37 AM ESTWilliam Blair analyst Robert Napoli reiterated an Outperform rating on American Express (NYSE: AXP).
The analyst comments "We reiterate our Outperform rating on AXP shares following in-line December-quarter results and 2025 earnings guidance that bracketed the Street. In our view, the company has multiple levers to drive low- to midteens earnings growth, and we believe that modest multiple expansion is warranted. Our 2025 adjusted EPS estimate goes to $15.19 (from $15.10) and our 2026 adjusted EPS estimate goes to $17.23 (from $17.08). The company returned $7.9 billion to shareholders in 2024 and generated a 35% ROE (versus long-term average of 26.5%). AXP shares... More
American Express (AXP) PT Raised to $344 at Evercore ISI, 'We are incrementally more constructive on AXP’s revenue trends'
January 24, 2025 12:49 PM ESTEvercore ISI analyst John Pancari raised the price target on American Express (NYSE: AXP) to $344.00 (from $315.00) while maintaining a In Line rating.
THe analyst comments "Revising EPS estimates post 4Q results & 2025 outlook; Reiterate In Line. Coming out of AXPs 4Q24 results, we are modestly raising our 2025 and 2026 EPS estimates to $15.07 and $17.44 from $14.63 and $16.76. Our EPS revision reflects a modestly higher NII and non-II forecast, as well as lower LLP. Our higher NII estimate is driven by mgmts expectation for NII growth to outpace loan and receivables growth. We are slightly raising our... More
American Express (AXP) PT Raised to $326 at BofA Securities
January 24, 2025 10:51 AM ESTBofA Securities analyst Mihir Bhatia raised the price target on American Express (NYSE: AXP) to $326.00 (from $316.00) while maintaining a Neutral rating.
The analyst comments "Shares of AXP are trading down following in-line 4Q results and initial 25 outlook, which we think reflects the elevated... More
Wolfe Research on American Express (AXP): 'Higher Investment Spending Fuels Top-Line Acceleration'
January 24, 2025 10:02 AM ESTWolfe Research analyst Bill Carcache reiterated a Peerperform rating on American Express (NYSE: AXP).
The analyst comments "4Q24 First Look: Higher Investment Spending Fuels Top-Line Acceleration. 4Q24 GAAP EPS came in at $3.04 vs. our / consensus estimates of $2.95 / $3.04. Relative to consensus, the in line... More
Goldman Sachs on American Express (AXP): 'we believe these results and outlook are solid and from a fundamental basis, should be well received'
January 24, 2025 9:58 AM ESTGoldman Sachs analyst Ryan Nash reiterated a Buy rating and $350.00 price target on American Express (NYSE: AXP)
The analyst comments "High level thoughts on earnings: AXP reported 4Q24 EPS of $3.04 (vs. Visible Alpha Consensus Data of $3.05). Overall, while core PPNR came in lower than expected ($4.05bn vs. cons $4.35bn) on higher expenses, revenue growth was in-line and we believe the components were better than expected. Additionally, the PPNR miss was offset by lower than expected provisions. In terms of the pieces - core revenues grew 8.7% YoY (10% FX adjusted) relatively in-line with expectations ($17.18bn vs.... More
