AmEx results seen climbing in Q2; investors focus on affluent customers

** American Express AXP.N shares dipping 2.2% on Thurs ahead of qtrly results before the bell, as investors watch for additional spending momentum from affluent customers

** The credit card co is expected to post a 10% rise in qtrly rev to $19.7 bln and adj EPS of $4.41, vs $4.08 yr-ago, per LSEG

** In the prior qtr, the co 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 past eight qtrs, with 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

** Median price target of $367 is up from $355 a month ago

** AXP shares down ~7.8% YTD vs 7.4% gain in Dow Industrials .DJI

** AXP options imply a 3.6% swing for the shares, in either direction by Fri; the stock has logged an avg move of 3.0% on the day of results, over the last eight qtrs