Citi Lowers Amex Target to $340 Amid Strong Q2 Earnings

Citi has lowered its price target for American Express stock to USD 340, down from its previous target of USD 355.00.

The change reflects higher equity costs in Citi's valuation model rather than a reported deterioration in American Express operations, according to the report.

American Express reported strong second-quarter 2026 results, with total revenues net of interest expense up 10.00 percent year over year and diluted earnings per share up 11.00 percent from USD 4.08.

The company's full-year 2026 revenue growth guidance is 10.00 percent, and it declared a quarterly dividend of USD 0.95 on September 28, 2026.