American Express Stock Sees Bullish Sentiment Amid Mixed Earnings Growth
American Express (AXP) stock has been on an upward trend over the past year, increasing by 15.7% compared to the S&P 500 Index's 22.4% gain. However, its Year-to-Date (YTD) performance is less impressive, with a decline of 7.9%. In contrast, the Amplify Digital Payments ETF (IPAY) has dropped 12% over the past 52 weeks.
American Express reported its Q2 2026 results on July 24, which showed revenue net of interest expense rising by 10% year-over-year to $19.64 billion, while net income increased 7.8% from the previous quarter to $3.11 billion. The company's EPS climbed 11% to $4.53, beating expectations.
Analysts are bullish on American Express, with a consensus rating of 'Moderate Buy'. Among the 31 analysts covering the stock, there are 14 'Strong Buy' ratings and one 'Strong Sell' rating. The mean price target is $374.90, representing a 10% premium to AXP's current price levels.