- Advisors Capital Management LLC and several other institutional investors recently adjusted their holdings in American Express Company, while the firm reported strong second-quarter earnings of $4.53 EPS on revenue of $19.64 billion.
- Strategic developments for American Express included expanding virtual-card capabilities, becoming the official payments partner of St Andrews Links, and attracting younger demographics with premium products.
- Wall Street analyst sentiment remained generally positive with a consensus Moderate Buy rating and an average price target of $373.32, alongside ongoing updates to research price objectives.
