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Apr 24, 2026 4:00 PM

American Express Reports Q1 Beat, Stock Tanks On 2026 Outlook

Shares of American Express Co (NYSE:AXP) tanked in early trading on Friday, after the company on Thursday reported its first-quarter results.

Here are the key analyst insights:

BofA Securities analyst Mihir Bhatia maintained a Buy rating, while raising the price target from $381 to $387.

BTIG analyst Vincent Caintic maintained a Sell rating and price target of $285.

Check out other analyst stock ratings.

BofA Securities: American Express delivered strong quarterly results, with revenue of $18.907 billion and earnings of $4.28 per share, topping Street expectations of $18.642 billion and $4.06 per share, respectively, Bhatia said in a note. He added that the beat was driven by "better revenue and credit provisions, partially offset by higher OpEx."

The company also highlighted the success of ...