American Express Q3 Preview: Can This Warren Buffett Favorite Deliver Another Double Beat?
1. AXP expected to report Q3 revenue of $18.05 billion, a 8.4% increase. 2. Earnings per share estimate is $4.00, up from $3.49 last year. 3. Analysts remain optimistic, predicting up to $394 price target for AXP. 4. Concerns include higher marketing costs and credit deterioration risks. 5. Strong consumer spending is a positive sign for AXP's growth trajectory.