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Benzinga
204 days

American Express Analysts Expect Gains From Strong Card Spending

1. American Express Q4 revenue grew 9% to $17.18 billion. 2. EPS came in at $3.04, slightly above consensus expectations. 3. Analysts raised price targets for AXP, reflecting positive spending trends. 4. Morgan Stanley predicts 8.7% growth, reinforcing bullish sentiment. 5. Stock down 1.53% after price target increases, indicating market caution.

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FAQ

Why Bullish?

Analyst upgrades and positive spending trends suggest potential for stock price growth.

How important is it?

Quarterly results significantly influence expectations and market perception of AXP.

Why Short Term?

Short-term performance may be affected by immediate market reactions to earnings.

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