American Express shares dip ahead of quarterly results
American Express AXP.N shares were dipping 2.2% on Thursday ahead of quarterly results before the bell, as investors watch for additional spending momentum from affluent customers.
The credit card company is expected to post a 10% rise in quarterly revenue to $19.7 billion and adjusted EPS of $4.41, versus $4.08 a year ago, per LSEG.
In the prior quarter, the company beat profit estimates as card member spending growth hit a three-year high, driven by travel and entertainment.
AXP has met or beaten EPS estimates in seven of the past eight quarters, with the most recent miss in Q4 2025.
Of the 32 analysts that cover AXP, the breakdown of recommendations is 16 "strong buy" or "buy," 15 "hold" and 1 "strong sell" rating.
The median price target of $367 is up from $355 a month ago.
AXP shares are down about 7.8% year to date versus a 7.4% gain in the Dow Industrials .DJI.
AXP options imply a 3.6% swing for the shares, in either direction by Friday; the stock has logged an average move of 3.0% on the day of results over the last eight quarters.
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