Mixed investor actions indicate volatility around
American Express Company (AXP). Multiple institutions, such as
Bahl & Gaynor Inc., Kitching Partners LLC, and Corebridge Financial Inc., have increased their investments in AXP, while other entities, like
Schwerin Boyle Capital Management Inc., Gabelli Funds LLC and Rafferty Asset Management LLC, have lessened their stakes. In addition, the
price target for AXP was recently increased by
Deutsche Bank to
$375 with a
‘Buy’ rating. In business activities, AXP has been declared the
Payments Partner for
Hard Rock Stadium and authorized a
17% increase in their dividend. Yet, there are also concerns about how well AXP can weather economic fluctuations, given a potential
spending squeeze, and its strategic ability to stay relevant in competition with fintechs. Meanwhile,
American Express Q2 showcased surprise
asset quality despite market uncertainty.
American Express Company AXP News Analytics from Tue, 21 Jan 2025 08:00:00 GMT to Sat, 30 Aug 2025 23:43:57 GMT -
Rating -1
- Innovation -5
- Information 5
- Rumor 0
