Analysts Double Down on American Express Buy Ratings Amid Strong Earnings

Financial analysts at Wells Fargo and Truist Financial have reaffirmed their Buy ratings for American Express (AXP).

Wells Fargo analyst Donald Fandetti set a price target of $415.00, citing the company's strong quarterly earnings report.

American Express reported revenue of $21.6 billion and a net profit of $3.11 billion for the quarter ending June 30, compared to last year's $19.93 billion in revenue and $2.89 billion in net profits.

However, corporate insider sentiment is negative on the stock, with an increase in insiders selling their shares over the past quarter.