American Express shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral.
Portfolio Pulse from Benzinga Newsdesk
American Express shares declined following a downgrade by B of A Securities from Buy to Neutral.

August 21, 2024 | 3:53 pm
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American Express shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral.
The downgrade from a major financial institution like B of A Securities typically signals a lack of confidence in the stock's short-term performance, leading to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100