American Express has expanded its partnership with Formula 1 from the Americas to a global level, aiming to enhance fan experiences and tap into the growing popularity of the motorsport among Millennials and Gen Z. This comes alongside American Express becoming the sole owner of Swisscard and reporting mixed third-quarter results.
American Express (AXP) stock experienced a decline on Friday following its third-quarter earnings report, which fell short of Wall Street expectations. While revenue growth remained strong, weaker discount revenues and a slight slowdown in Travel & Entertainment spending raised concerns about the company’s future growth trajectory. However, analysts remain optimistic about the company’s long-term prospects, particularly given its robust net interest income and strong card fee growth.
American Express (AXP) reported strong third-quarter revenue growth, driven by increased card member spending and higher net interest income. However, the company’s revised outlook for fiscal 2024 raised concerns about the impact of inflation and rising interest rates on consumer demand. Despite the positive earnings, AXP stock fell in premarket trading on Friday.
U.S. stock futures are trading mixed this morning, setting the stage for a potentially volatile session. Several companies are in focus ahead of their earnings releases, including American Express, Netflix, Procter & Gamble, Intuitive Surgical, and Schlumberger. Here’s a breakdown of what investors are watching.
U.S. markets closed with mixed results on Thursday, with the Dow Jones Industrial Average gaining 0.4%, the S&P 500 holding steady, and the Nasdaq edging up slightly. This report highlights key stocks that captured investors’ attention, including Netflix, TSMC, American Express, Moderna, and Tesla.
American Express is set to release its third-quarter earnings on October 18th. Wall Street expects strong results, but technical indicators suggest a potential short-term pullback despite bullish momentum. Analyst ratings remain mixed, with a downside potential of 6.54%.
American Express Travel has announced its top 10 trending destinations for 2025, catering specifically to Millennial and Gen Z travelers. The list features unique and culturally rich locations based on Amex Card Member travel bookings and expert insights. American Express also highlights its expanded Hotel Collection program, offering exclusive perks and luxury experiences at over 1,000 hotels worldwide.
American Express (AXP) stock closed slightly lower on the day, but remains outperforming the market and its sector. Investors are looking ahead to the company’s upcoming earnings release, with analysts expecting growth in both earnings and revenue. This article provides an overview of AXP’s recent performance, valuation, and future prospects, considering the company’s Zacks Rank and industry trends.
BofA Securities analyst Kenneth Bruce downgraded American Express to Neutral, citing concerns over subdued billings growth and a premium valuation. Bruce believes the spending environment is challenging, even for high-end consumers, as evidenced by recent commentary from retailers and travel companies. While Bruce maintains a favorable view of American Express’s long-term strategy, he sees limited upside potential for the stock in the short term.
American Express cardholders in Brazil can now enjoy exceptional benefits at Grupo Fasano’s luxurious hotels and restaurants, including complimentary wine corkage, complimentary desserts, and exclusive access to amenities like spa treatments and business center discounts.
