Jul 24 at 08:38 AM
$American Express(AXP.US) American Express shares dropped 5% despite beating second-quarter profit expectations and raising its 2026 revenue growth forecast. Analysts noted disappointment due to the absence of acceleration in billed business and revenue growth, with some investors expecting a higher revenue forecast. Despite the decline, analysts like Cristopher Kennedy encourage buying AXP shares on weakness, citing the highest spend growth in three years and strong business performance. Besides, American Express raised its full year 2026 revenue growth guidance to 10%. I think the dip is a buying opportunity, with AXP still confident in its growth and raising guidance. Solid fundamentals still intact. @Captain's Treasure
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