American Express downgraded by BofA Securities with a new price target
$AXP
Finance: Consumer Services
Finance
BofA Securities downgraded American Express from Buy to Neutral and set a new price target of $263.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/14/2024 | $265.00 → $300.00 | Buy | Monness Crespi & Hardt |
| 10/8/2024 | $265.00 → $270.00 | Buy → Hold | HSBC Securities |
| 10/8/2024 | $230.00 | Neutral → Sell | BTIG Research |
| 10/7/2024 | $268.00 → $286.00 | Overweight → Neutral | JP Morgan |
| 8/21/2024 | $263.00 | Buy → Neutral | BofA Securities |
| 7/22/2024 | $260.00 → $265.00 | Buy | Monness Crespi & Hardt |
| 7/16/2024 | $260.00 | Neutral | Compass Point |
| 7/15/2024 | $250.00 → $260.00 | Buy | Monness Crespi & Hardt |
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4 - AMERICAN EXPRESS CO (0000004962) (Issuer)
4 - AMERICAN EXPRESS CO (0000004962) (Issuer)
Financial giants have made a conspicuous bearish move on American Express. Our analysis of options history for American Express (NYSE:AXP) revealed 10 unusual trades. Delving into the details, we found 0% of traders were bullish, while 100% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $286,350, and 8 were calls, valued at $324,889. Expected Price Movements After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $220.0 and $280.0 for American Express, spanning the last three months. Volume & Open Interest Development In terms of liquidity and interest, the mean open inte
Monness, Crespi, Hardt analyst Gus Gala maintains American Express (NYSE:AXP) with a Buy and raises the price target from $260 to $265.
Goldman Sachs analyst Ryan M. Nash maintained American Express Co (NYSE:AXP) with a Buy and raised the price target from $263 to $270. American Express reported mixed fiscal 2024 second-quarter results, with an EPS beat driven by a lower provision while Pre-provision Net Revenue (PPNR) was in line, Nash said. The focus was on its outlook, where American Express is pointing to deceleration in Net Interest Income (NII) and similar billed business growth trends. Also Read: American Express Q2 Earnings: CEO Raises Annual Profit And Marketing Spend Outlook After Q2 Profit Beat The analyst said credit appears to be performing better and offsetting top-line softness. Putting it all to
American Express Company (NYSE:AXP) Chairman and Chief Executive Officer Stephen J. Squeri will participate in the Goldman Sachs U.S. Financial Services Conference in New York on Tuesday, December 10, 2024, at 09:20 a.m. Eastern. Mr. Squeri will participate in a fireside chat relating to the Company's business strategy and financial performance. A live audio webcast of the discussion will be accessible to the general public through the American Express Investor Relations website at http://ir.americanexpress.com. An audio replay will be available after the event at the same website address. ABOUT AMERICAN EXPRESS American Express is a globally integrated payments company, providing custom
The Board of Directors of American Express Company (NYSE:AXP) declared a quarterly dividend on the Company's 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D, of $8,973.61 per share (which is equivalent to $8.97361 per related Depositary Share). The dividend is payable on December 16, 2024 to shareholders of record on December 1, 2024. ABOUT AMERICAN EXPRESS American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/amer
As an Official Partner of Formula 1, American Express will increase its presence at F1 races, from five in the Americas to more than 20 globally, bringing incredible access and experiences to even more Card Members around the world American Express and Formula 1® today announce a new multi-year sponsorship that expands Amex's partnership with the world's leading motorsport from the Americas region to the global stage and across the F1 calendar as an Official Partner (encompassing Australia, Asia, Europe, the Americas, and the Middle East). Elizabeth Rutledge, Chief Marketing Officer, American Express, said: "We are thrilled to expand our relationship with Formula 1, building on the strong
Monness Crespi & Hardt reiterated coverage of American Express with a rating of Buy and set a new price target of $300.00 from $265.00 previously
HSBC Securities downgraded American Express from Buy to Hold and set a new price target of $270.00 from $265.00 previously
BTIG Research downgraded American Express from Neutral to Sell and set a new price target of $230.00
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Today, Hilton (NYSE:HLT) and American Express (NYSE:AXP) introduced the enhanced Hilton Honors American Express Business Card, featuring new benefits and up to $240 each year in annual statement credits on eligible Hilton purchases, along with a simplified rewards structure to earn Hilton Honors Bonus Points wherever Card Members spend. The updated Card enables Card Members to use their business purchases to fuel future Hilton stays, all with the powerful backing of American Express. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240328486102/en/(Photo: Business Wire) "At Hilton, we understand the importance of small and medium-
The new Hilton Honors American Express Card benefits will accompany new metal and recycled plastic card designs Today, Hilton (NYSE:HLT) and American Express (NYSE:AXP) introduced new and refreshed benefits for the Hilton Honors American Express Surpass® and Hilton Honors American Express Aspire Cards, providing more value, greater flexibility, and an even better travel experience. The Cards offer new ways to earn points on everyday spending, including online retail purchases, and generous credits for Hilton stays and essential travel services, like car rentals and flights. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231019
Enhanced benefits and features include 4X Membership Rewards® points for essential business spending like new categories for transit and electronics, up to $395 in statement credits each year on eligible purchases at select business merchants, and a new Rose Gold design option The Business Gold Card also offers access to a suite of digital payment services, including payment flexibility and Business Blueprint insights American Express today introduced the refreshed U.S. American Express Business Gold Card with enhanced ability to earn 4X Membership Rewards points in top business spending categories, enroll in benefits to earn statement credits, and other new business-focused benefits. I
The Board of Directors of American Express Company (NYSE:AXP) declared a quarterly dividend on the Company's 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D, of $8,973.61 per share (which is equivalent to $8.97361 per related Depositary Share). The dividend is payable on December 16, 2024 to shareholders of record on December 1, 2024. ABOUT AMERICAN EXPRESS American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/amer
10th Consecutive Quarter of Record Revenue, Rising 8% Over Prior Year to $16.6 Billion American Express Company (NYSE:AXP) today reported third-quarter net income of $2.51 billion, or $3.49 per share, compared with net income of $2.45 billion, or $3.30 per share, a year ago. (Millions, except per share amounts, and where indicated) Quarters Ended September 30, Percentage Inc/(Dec) Nine Months Ended September 30, Percentage Inc/(Dec) 2024 2023 2024 2023 Billed Business (Billions) $387.3 $366.2 6% $1,142.5 $1,079.8 6% FX-adjusted1 $366.4 6% $1,076.4 6% Total Revenues Net of Interest Exp
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a+" (Excellent) of AMEX Assurance Company (AMEX Assurance) (Rosemont, IL). The outlook of these Credit Ratings (ratings) is stable. AMEX Assurance is a wholly owned subsidiary of American Express Company (American Express) (NYSE:AXP). The ratings reflect AMEX Assurance's balance sheet strength, which AM Best assesses as very strong, as well as its very strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). AMEX Assurance's balance sheet strength assessment of very strong is supported by risk-adjusted capitalization at the stronges
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