BofA Securities Reiterates Underperform Rating on American Express (AXP) As Expense Structure Overshadows Provision Driven Beat

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Go back to BofA Securities Reiterates Underperform Rating on American Express (AXP) As Expense Structure Overshadows Provision Driven Beat

American Express (AXP) Reports Election of Thomas Baltimore to Board

January 27, 2021 4:01 PM EST

American Express Company (NYSE: AXP) today announced that Thomas J. Baltimore, Jr., Chairman, Chief Executive Officer and President of Park Hotels & Resorts Inc., has been elected to its Board of Directors, effective January 27, 2021.

Tom is a highly-respected leader in the hospitality industry, with over 30 years of experience, including more than two decades in senior executive roles navigating global organizations through significant changes in travel and lodging, said Stephen J. Squeri, Chairman and Chief Executive Officer. He also brings extensive capital markets knowledge, and I know our Board will benefit... More

American Express (AXP) PT Lowered to $115 at Credit Suisse

January 27, 2021 7:55 AM EST

Credit Suisse analyst Moshe Orenbuch lowered the price target on American Express (NYSE: AXP) to $115.00 (from $120.00) while maintaining a Underperform rating following the company's 4Q earnings report. AXP reported 4Q20 EPS of $1.76, beating the consensus of $1.30. The beat was primarily driven by negative provision... More