American Express Investors Mull Elevated Expenses, Macro Caveat -- Market Talk

Dow Jones2025-04-18

1257 ET - American Express shares are now higher after being down earlier following 1Q results. Truist says the initial reaction was "a little surprising to us." The analysts say in a research note "we would have thought maintaining guidance would be a win, plus they made the comment that spend had improved a little in April." Overall, Truist says some buysiders have noted "the macro caveat to the guide, while others have pointed to negative operating leverage on elevated expenses." American Express is up 0.7% to $254.59. Truist has a buy rating on the stock with a $340 price target. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

April 17, 2025 12:57 ET (16:57 GMT)

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