American Express' Q1 Wins Keep Analysts Steady In Their Views
Portfolio Pulse from Priya Nigam
American Express Company (NYSE:AXP) reported a 6% year-on-year growth in card member spending for Q1, with earnings of $3.08 per share, surpassing the consensus of $2.96. Analysts from BMO Capital Markets, Barclays, Keefe, Bruyette & Woods, and Morgan Stanley provided their insights, adjusting price targets and maintaining their ratings. Despite the positive results, AXP shares were down 0.33% to $230.28.
April 22, 2024 | 3:17 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
American Express surpassed Q1 earnings expectations with a 6% growth in card member spending and earnings of $3.08 per share, against a consensus of $2.96. Analysts have adjusted their price targets and maintained their ratings.
The positive earnings report and the adjustments in price targets by analysts indicate a strong performance by American Express. Despite the short-term share price dip, the overall analyst sentiment and company performance suggest potential for stock appreciation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100