Analysts Maintain Cautious Stance on American Express Ahead of Q3 Earnings
American Express (AXP) prepares to report third-quarter earnings on October 17, with Wall Street anticipating $4.00 EPS and $18.06 billion revenue—a 14.6% annualized gain. Barclays raised its price target to $336 but retained a Hold rating, citing investor concerns over consumer credit health despite stable performance metrics.
JPMorgan echoed this tempered outlook, boosting its target to $355 while highlighting diverging fortunes between high- and low-income consumers. The firm flagged deteriorating conditions for budget-constrained households as a key risk factor, even as premium cardholders demonstrate resilience.