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Truist Financial initiated coverage on American Express with a "buy" rating and a $350 target price, while Citigroup lowered its target from $320 to $300, maintaining a "neutral" stance. Currently, American Express holds an average rating of "Hold" with a consensus price target of $302.57. Recent insider trading includes a significant sale by Ravikumar Radhakrishnan and a purchase by Director Michael J. Angelakis, reflecting varied confidence among insiders.
American Express and CLEAR have renewed their partnership to enhance premium travel experiences for card members at airports. This collaboration aims to provide exclusive benefits and streamline travel for American Express customers.
In FY 2024, American Express Company (NYSE:AXP) achieved record revenues of $65.9 billion, a 10% increase on an FX-adjusted basis, with EPS rising 25% YoY to $14.01. The company demonstrated strong credit quality and billings growth, particularly during the holiday season, while being recognized as a top investment by billionaire Mario Gabelli. Despite its strong performance, some analysts suggest that undervalued AI stocks may offer greater potential for higher returns.
American Express reported a quarterly earnings per share of $3.04, surpassing estimates, and announced a dividend increase to $0.82, with a yield of 1.21%. The company has a market cap of $190.02 billion, a PE ratio of 19.31, and a debt-to-equity ratio of 1.64. Analysts maintain a "Hold" rating, with a consensus target price of $303.52.
American Express (NYSE: AXP) reported a quarterly earnings per share of $3.04, surpassing estimates, and announced a dividend increase to $0.82 per share, reflecting a 1.21% yield. The company has a market cap of $190.02 billion and a current hold rating from analysts, with a consensus price target of $303.52. Recent insider trading includes a significant sale by Raymond Joabar and a purchase by Director Michael J. Angelakis.
The prepaid card market is projected to grow from $24.91 billion in 2024 to $28.37 billion in 2025, driven by regulatory changes, consumer preferences, and financial inclusion initiatives. By 2029, the market is expected to reach $46.16 billion, with trends highlighting enhanced security, sustainability, and digital wallet integration. The increasing use of prepaid cards for online purchases and innovative products like Neokred are further fueling this growth.
The prepaid card market is projected to grow from $24.91 billion in 2024 to $28.37 billion in 2025, driven by regulatory changes, consumer preferences, and financial inclusion initiatives. By 2029, the market is expected to reach $46.16 billion, with trends focusing on enhanced security, sustainability, and digital wallet integration. The rising adoption of prepaid cards, particularly for e-commerce, highlights their increasing role as an alternative to traditional banking methods.
Citigroup has lowered its price target on American Express from $320 to $300 while maintaining a neutral rating. American Express primarily focuses on issuing and marketing payment cards for travel-related expenses, with revenue sources including consumer payment solutions (54.7%), corporate payment solutions (29.7%), and partner network management (15.6%).
Jim Cramer expressed strong support for American Express Company (NYSE: AXP), praising its CEO and card offerings appealing to younger consumers. He highlighted positive trends in card sign-ups and dismissed bearish sentiments, emphasizing the company's resilience amid market fluctuations. Cramer also discussed the broader economic impact of tariffs and the need for clearer communication from the Trump administration regarding their effects on American goods.
American Express is projected to post an EPS of 15.33 for the current fiscal year and has increased its quarterly dividend to $0.82, reflecting a 1.21% yield. Analysts have mixed ratings, with a consensus "Hold" and a price target of $303.52, while institutional investors own 84.33% of the stock. Recent insider transactions include a significant sale by Ravikumar Radhakrishnan and a purchase by Director Michael J. Angelakis.
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analysts weigh in on american express stock amid insider trading activity
10:24 26.03.2025
clear and american express extend partnership for premium airport travel experiences
21:32 25.03.2025
American Express reports record revenues and strong growth potential for 2024
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11:11 24.03.2025
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