American Express (AXP.N) forecast annual profit largely above Wall Street expectations on Friday, underscoring resilient spending by its young and affluent customers, but a small miss on holiday-quarter profit weighed on its shares
<h3>RETURNS ON REFRESH</h3>
Morgan Stanley (“equal-weight,” PT: $395) says from here, 2026 will be a key test for Amex’s retention efforts, as U.S. Platinum cardholders start paying higher annual fees
RBC Capital Markets (“outperform,” PT: $425) expects co’s Platinum card refresh to add to revenue in 2026; says AXP’s customer base continues to be resilient
J.P.Morgan (“neutral,” PT: $375) says high-income consumer spending to continue unless employment risks increase
J.P.Morgan adds, “President Trump’s announcement of a proposed temporary 10% cap on credit card interest rates could introduce near-term volatility for card issuers”
BTIG (“sell,” PT: $328) expects revamp in Amex’s commercial platform to support revenue growth in 2027

BUZZ-Street View: AmEx's customer resilience to be put to the test, analysts say