American Express shares fell 1.4% Friday after the company reported earnings and gave an outlook that disappointed some investors. The credit card company logged net income of $2.17 billion, or $3.04 a share,
Monness Crespi raised the firm’s price target on American Express (AXP) to $355 from $330 and keeps a Buy rating on the shares. The company
American Express shares fell Friday after the financial services firm reported fourth-quarter results mostly in line with analysts' expectations.
American Express’ affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC.
Morgan Stanley analyst Jeffrey Adelson maintained a Hold rating on American Express (AXP – Research Report) today and set a price target of
More and more businesses are bringing their operations online, and the construction industry is working to keep pace with the business world’s digital transformation.
American Express Co. profits increased 12% as well-heeled consumers spent more than analysts expected on their credit cards over the holidays, a tailwind the firm said it expects will continue.
Under a nonprosecution agreement the company is to pay a $77.6 million fine and forfeit $60.7 million for the revenue that could have been owed from its Payroll Rewards and Premium Wire programs.
The Justice Department said the company misrepresented its credit card rewards and fees and made false claims about the tax benefits of its wire transfer products.
At about $313 per share (as of Jan. 17), American Express at least deserves a closer look from investors. But its valuation has gotten richer, with the stock trading at a price-to-earnings ratio of 23. That's 42% more expensive than just 12 months ago. The market has become bullish about its prospects as we look to the near term.
American Express Travel Insurance has build-your-own packages that let you only pay for what you need, as well as preset packages. Here's what you should know.
American Express has agreed to pay more than $138 million to resolve a wire fraud investigation related to its sales and marketing practices.