Many analysts rushed to upgrade their 12-month price targets following American Express' (AXP 1.64%) fourth-quarter update last week. Interestingly, this incremental bullishness from Wall Street comes even as the company's top-line growth decelerates.So, what is there to love about the report? RBC Capital analyst Jon Arfstrom, who increased his 12-month price target on shares from $220 to $226 after the report, breaks down the bull case: It boils down to better-than-expected expense management, a steady nor ...

Earnings season continues to chug along, with a wide variety of companies reporting daily. This week, in particular, is dominated by mega-cap technology companies, a list that includes the likes of Apple, Amazon, and Meta Platforms, just to name a few.As usual, there have been several notably strong releases throughout the cycle so far, a few of which have come from Super Micro Computer (SMCI) , Netflix (NFLX) , and American Express (AXP) . All three saw their shares move higher post-earnings and currently ...

One of Warren Buffett’s largest stock assets, which he has held onto for over two decades, has recently witnessed impressive price increases, culminating with a new all-time high (ATH) and promising massive profits for the renowned investor and Berkshire Hathaway (NYSE: BRK.A) CEO.Specifically, American Express (NYSE: AXP) is among Buffett’s stocks that have recorded positive gains throughout 2023, having advanced by 27.3% over the year and has more recently broken its own price record, hitting $203.88 on J ...

American Express (AXP -0.28%) just released fresh financials revealing that revenue (net of interest expense) and diluted earnings per share increased by 11% and 27%, respectively, year over year in the fourth quarter. While these headline figures missed Wall Street expectations, the stock was up more than 6% (as of the morning of Jan. 26) immediately following the news due to an upbeat forecast.The momentum continues, as this top financial stock has doubled in the last five years. And if we zoom out over t ...

Warren Buffett loves to invest in storied American brands. Many investors know of his market-crushing investments in Apple and Coca-Cola, which have generated tens of billions in returns for Berkshire Hathaway. But he has another less-covered investment through Berkshire that has generated even better returns than Coca-Cola.American Express (AXP -0.28%), the credit card giant, has posted phenomenal returns since Buffett (through Berkshire) bought shares in 1991, and it is now one of the conglomerate's large ...

American Express Earnings Conference Call Q4’23 Summary Financial Performance ($ in millions; except per share amounts) YoY% YoY% Q4’23 FY’23 Inc/(Dec) Inc/(Dec) Total Revenues Net of Interest Expense $15,799 11% $60,515 14% ...

Shares of integrated payments company American Express (AXP 7.10%) jumped on Friday following its fourth-quarter earnings report. In total, the stock rose about 7%. Given the report's strength, it's unsurprising to see shares rising sharply. The update and earnings call for the quarter included promising metrics and upbeat commentary from management about the future.Here are five things likely behind investors' bullishness for American Express shares.1. Strong top-line momentumWith a bull market underway de ...

American Express Company (NYSE:AXP) Q4 2023 Earnings Conference Call January 26, 2024 8:30 AM ET Company Participants Kartik Ramachandran - Head of Investor Relations Steve Squeri - Chairman and Chief Executive Officer Christophe Le Caillec - Chief Financial Officer Conference Call Participants Don Fandetti - Wells Fargo Ryan Nash - Goldman Sachs Mark DeVries - Deutsche Bank Bill Carcache - Wolfe Research Jeff Adelson - Morgan Stanley Rick Shane - JPMorgan Saul Martinez - HSBC Moshe Orenbuch - TD Cowen Sanj ...

American Express Company (AXP) reported fourth-quarter 2023 earnings per share (EPS) of $2.62, which missed the Zacks Consensus Estimate by 1.1%. Nevertheless, the bottom line climbed 27% year over year.Total revenues net of interest expense amounted to $15.8 billion, which improved 11% year over year in the quarter under review. However, the top line missed the Zacks Consensus Estimate by 1.4%.The quarterly results suffered due to escalating customer engagement and compensation expenses. Nevertheless, the ...

The biggest economic print in a week full of them came out this Friday morning, Personal Consumption Expenditures (PCE), the Fed’s self-proclaimed preferred inflation metric, came in-line on month over month headline for December: +0.2%, jumping from -0.1% posted the previous month. It’s also the first positive month-over-month read since September of 2023. Year over year PCE headline also came in-line at +2.6% — flat from the previous month, and continuing the lowest levels of PCE inflation since February ...