Loading... Loading... Goldman Sachs analyst Ryan M. Nash maintained American Express Co AXP with a Buy and raised the price target from $263 to $270. American Express reported mixed fiscal 2024 second-quarter results, with an EPS beat driven by a lower provision while Pre-provision Net Revenue (PPNR) was in line, Nash said. The focus was on its outlook, where American Express is pointing to deceleration in Net Interest Income (NII) and similar billed business growth trends. Also Read: American Express Q2 Ea ...

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Key Takeaways American Express reported second-quarter profit above estimates Friday, with revenue and net interest income (NII) falling short. The company joined other banks that recently reported earnings in posting sequentially lower NII. Shares fell more than 4% soon after markets opened. American Express (AXP) reported larger profits than analysts had expected for the second quarter Friday, despite revenue and net interest income (NII) that fell short of estimates. The banking and credit card provider ...

About Emily Jarvie About the publisher We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. Proactive has always been a forward looking and enthusiastic technology adopter. About this content Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she re ...

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables. Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period. Loading... On July 8, American Express declared a quarterly dividend on the Company's 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D, of $9,072.22 per share (which is equivalent to $9.07222 per related De ...

American Express' revenues grew 14% y-o-y to $60.5 billion in FY 2023. WIMBLEDON, ENGLAND - JULY 08: Close-up of Amex earpiece radio for American Express at Wimbledon on ... [+] July 08, 2024 in Wimbledon, England. (Photo by Tristan Fewings/Getty Images for American Express) Trefis Getty Images for American Express Our forecast indicates that American Express' valuation is $228 per share, which is 9% below the current market price of close to $250. (1) Revenues to top the consensus estimates (2) EPS to rema ...

For Immediate Releases Chicago, IL – July 17, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Berkshire Hathaway Inc. (BRK.B) , McDonald's Corp. (MCD) and American Express Co. (AXP) , Steel Partners Holdings L.P. (SPLP) . Here are highlights from Wednesday's Analyst Blog: Top Analysts for Berkshire Hathaway, McDo ...

Strategic Partnership and Store Expansion - Best Buy Canada and Bell Canada have formed a strategic partnership, leading to the opening of 167 small-format Best Buy Express stores across Canada [1][3] - The stores will offer Bell, Virgin Plus, and Lucky Mobile telecommunications services, along with Geek Squad services for consumer electronics [2] - The first Best Buy Express store opened on June 26 in Surrey, British Columbia, with all stores expected to open by the end of 2024 [6] - The stores range in size from 1,540 to 4,300 sq ft, with most around 2,000 sq ft [12] Financial Performance and Market Conditions - Best Buy reported Q1 2024 revenue of $8 8 billion, a 6 1% decline in comparable sales [4] - The company anticipates FY2025 revenue between $41 3 billion and $42 6 billion, with comparable sales expected to decline by 3% or remain flat [4] - Despite challenging market conditions, Best Buy's stock price has increased by approximately 12% since January 1, 2024, due to cost-cutting and operational improvements [5] - The largest drivers of the comparable sales decline were appliances, home theater, gaming, and mobile phones, partially offset by growth in services and laptops [10] Business Strategy and Customer Experience - Best Buy Express stores will feature a curated selection of technology products, with the full assortment available online for in-store pickup and returns [7] - The expansion aims to increase Best Buy's presence in malls and smaller communities across Canada, appealing to both new and existing customers [14] - Best Buy Canada currently operates over 160 Best Buy and Best Buy Mobile stores, along with the BestBuy ca website [9] - The company has grown its paid membership base and improved customer experiences as part of its FY2025 priorities [15] Leadership and Vision - Ron Wilson, President of Best Buy Canada, emphasized the boldness of opening 167 stores in five months, calling it a potential North American first [8] - Corie Barry, Best Buy CEO, expressed confidence in the company's ability to manage profitability while preparing for future growth [15]

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Loading... Loading... Check This Out: Fear & Greed Index Moves To 'Neutral' Zone As S&P 500 Hits Record High After Friday Jobs Data ...

American Express (NYSE:AXP) is a financial services company that's been experiencing strong growth. Their revenue grew 11% YoY in Q1 2024 with EPS soaring 39%. The company itself projects full year revenue growth of 9% to 11% and EPS growth of 13% to 17%. This positive performance is backed by strong credit quality with delinquency rates remaining low. I originally started this article to analyze if AXP was a good candidate for my "value with potential portfolio" and I found that an attractive feature of AX ...