Wells Fargo raised the firm’s price target on American Express (AXP) to $370 from $355 and keeps an Overweight rating on the shares. The firm

American Express (AXP) announced that Anre Williams, Chief Executive Officer of American Express National Bankwill, will leave the company

American Express Co. (NYSE:AXP), currently trading near its 52-week high at $319.42, has announced the issuance of $3 billion in new notes, according to a recent SEC filing. The financial services giant,

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American Express Co. profits increased 12% as well-heeled consumers spent more than analysts expected on their credit cards over the holidays, a tailwind the firm said it expects will continue.

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $324.82, a high estimate of $350.00, and a low estimate of $301.00. This current average has increased by 9.11% from the previous average price target of $297.70.

"2024 was another strong year for American Express," CEO Stephen J. Squeri said in a statement. "We exited the year with increased momentum, with billings growth accelerating to 8 percent in the fourth quarter, driven by stronger spending from our consumer and commercial customers during the holiday season."

Wall Street analysts raised their price targets on American Express after the company's strong Q4 earnings, with revenue growth of 9% and plans for further growth in 2025 and 2026.

At about $313 per share (as of Jan. 17), American Express at least deserves a closer look from investors. But its valuation has gotten richer, with the stock trading at a price-to-earnings ratio of 23. That's 42% more expensive than just 12 months ago. The market has become bullish about its prospects as we look to the near term.

American Express’ affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC.

American Express shares fell 1.4% Friday after the company reported earnings and gave an outlook that disappointed some investors. The credit card company logged net income of $2.17 billion, or $3.04 a share,