AllAnalyst Report
logoArgusJuly 26, 2021

American Express Company: Raising target to $200 as spending volume rebounds

Symbols
AXP
Sector(s)
Financial Services
Rating
Current Price
$173.36
Price Target
Earnings Estimate
Summary

American Express provides charge and credit payment card products and travel-related services to customers worldwide. The company's product portfolio consists of charge and credit card products; expense management products and services; consumer and business travel services; stored-value products, including travelers checks and other prepaid products; network services; point-of-sale, marketing, and information products and services for merchants; fraud prevention services; and the design of customer loyalty and rewards programs.

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Analyst Profile

Stephen Biggar

Director of Financial Institutions Research
Stephen is responsible for coverage of large global banks, regional banks and domestic credit card companies. He has covered financial services stocks for more than 20 years. He is also a member of the Argus Investment Policy Committee and Senior Portfolio Group, and frequently appears in print and broadcast media discussing the equity markets. Previously, he was the global director of equity research for S&P Capital IQ. He holds a degree in economics from Rutgers University.