Information Provided By: 
Fly News Breaks for July 22, 2019
AXP
Jul 22, 2019 | 07:31 EDT
BMO Capital analyst James Fotheringham raised his price target on American Express to $119 and kept his Market Perform rating after its Q2 results that showed lower credit and operating costs being offset by lower net interest margins and volumes. The analyst believes that the company's earnings growth will remain pressured by falling merchant discount rates and rising customer engagement costs, having "stalled" at about about 10%-11%.
News For AXP From the Last 2 Days
AXP
Apr 24, 2024 | 08:36 EDT
AXP
Apr 24, 2024 | 06:31 EDT
Wells Fargo raised the firm's price target on American Express to $265 from $250 and keeps an Overweight rating on the shares. The firm sees a good case for management to express greater confidence in or lean to the upper end of the EPS or revenue guide for 2024. With the macro haze fading, Wells believes investors will come away with a greater appreciation of the competitive position and moat.
