Information Provided By: 
Fly News Breaks for January 20, 2017
AXP
Jan 20, 2017 | 07:31 EDT
Excluding restructuring charges and the benefit of a lower tax rate, American Express reported core earnings per share of 83c, below the consensus of 99c, Nomura analyst Bill Carcache tells investors in a research note. The miss is troubling since the company raised its Q4 outlook at the end of last quarter against a low bar, Carcache writes. He believes the launch of Chase's Sapphire Reserve is likely bringing unexpected headwinds. The analyst keeps a Reduce rating on American Express with a $63 price target.
News For AXP From the Last 2 Days
AXP
Apr 22, 2024 | 09:05 EDT
BMO Capital raised the firm's price target on American Express to $175 from $167 and keeps an Underperform rating on the shares. The firm cites the company's broad-based Q1 earnings beat, with higher than previously-modeled net interest income and slightly lower credit costs being partly offset by higher expected operating expenses. BMO adds however that it remains concerned that American Express's elevated loan restructuring rate could eventually bleed into higher credit provisions.
AXP
Apr 22, 2024 | 09:01 EDT
AXP
Apr 22, 2024 | 08:13 EDT
RBC Capital raised the firm's price target on American Express to $253 from $250 and keeps an Outperform rating on the shares. The company's Q1 results showed a "good quarter" with revenues that met expectations, controlled core expenses, and acceptable credit trends, the analyst tells investors in a research note. While spend volumes continued to moderate, American Express management remains confident on the near and longer term revenue trajectory, the firm added.
AXP
Apr 22, 2024 | 08:10 EDT
Morgan Stanley raised the firm's price target on American Express to $226 from $222 and keeps an Equal Weight rating on the shares following Q1 results that were better than expected, led by net interest income, credit, and expenses. The firm is taking forward EPS up 1%, noting that its 2024 estimate is now above the midpoint of management's EPS guidance at $13.02, though it maintains an Equal Weight rating, citing valuation.
