"Bank of America reiterated its Buy rating for American Express, citing strong Q1 results that beat both top and bottom line estimates, indicating premium consumers are performing well."
"Barclays acknowledged the operational strength of American Express's quarter, noting accelerated billed business growth across various sectors, yet maintained an Equal Weight rating, suggesting the positive news is already reflected in the stock price."
American Express reported Q1 2026 earnings with EPS of $4.28 and revenue of $18.907 billion, surpassing estimates. Bank of America raised its price target to $387, while Barclays reduced its target to $322. The contrasting views reflect differing beliefs about premium consumer spending and credit normalization. American Express's billed business reached $428 billion, a 10% year-over-year increase. The company operates with a membership model that generates recurring fees and revenue from transactions and lending, with a market cap of $228.57 billion.
Read at 24/7 Wall St.
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