American Express (AXP) posted solid Q4 results driven by robust billing and revenue trends, RBC Capital Markets said in a Friday research report.
The company showcased a consistent ability to refresh products and acquire customers into premium and fee-paying products, with the Platinum Card refresh expected to provide revenue tailwinds in 2026, analysts wrote.
RBC said it maintained its 2026 and 2027 EPS estimates of $17.75 and $20.50, respectively.
Revenue trends remain steady, and management is confident in the near-term outlook and customer base health, RBC said, adding that it expects stable spending trends across categories.
Credit metrics and write-offs could remain stable in the near-term, which is a positive. The company's strong capital ratios and solid earnings generation should support continued share repurchase activity, according to the note.
The brokerage said it reiterated its outperform rating on the stock and price target of $425 per share.
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