business / news / / Benzinga
BofA Securities: American Express delivered strong quarterly results.
BofA Securities raised its American Express price target from $381 to $387 following strong results.
KEY POINTS
- American Express beat revenue and earnings expectations, but kept full-year guidance unchanged.
- Despite a strong Q1, BTIG sees no acceleration in billed business on a constant currency basis.
- Management reiterated mid-teens 2026 earnings growth guidance, implying possible downward estimate revisions.
COMPANIES
Summarized by Newsio from Benzinga. How we summarize →