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BofA Reduces American Express (AXP) Price Target During Consumer Finance Review [Yahoo! Finance]
Last american express company earnings: 4/24 07:00 am
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US:NYSE Investor Relations: ir.americanexpress.com
BofA Reduces American Express (AXP) Price Target During Consumer Finance Review On March 9, BofA lowered its price recommendation on American Express Company (NYSE:AXP) to $382 from $420. It reiterated a Buy rating on the shares. The firm said the change reflects adjustments across several consumer finance stocks as it factors in a more uncertain macro outlook and lower market multiples. A few days earlier, on March 2, the Board of Directors of American Express approved an increase in the quarterly dividend on the company's common shares. The increase amounts to $0.13, or 16%, and aligns with the planned dividend raise outlined in the company's fourth-quarter 2025 earnings release. The quarterly dividend now stands at $0.95 per common share, up from $0.82. American Express Company (NYSE:AXP) operates as a global payments and premium lifestyle brand supported by technology. Its card-issuing, merchant-acquiring, and card network businesses provide products and services to a wide
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