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Stock impact report

BofA lifts American Express to Buy on recession resiliency, attractive valuation [Yahoo! Finance]

American Express Company (AXP) 
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
Company Research Source: Yahoo! Finance
downturn “offers long-term oriented investors an opportunity to buy a high-quality company at a reasonable valuation.” While the uncertain macroeconomic climate and a potential slowdown in GDP growth remain overhangs, the bank's analysts see American Express's robust customer base as a key factor in sustaining durable earnings and managing credit losses effectively. “Amex's best-in-class management has been adept at navigating prior downturns and we think this time will be no different,” analysts said. BofA's bullishness on AXP is partly driven by its unique position in the credit card industry, with analysts emphasizing the company's spend-centric model, high-end cardholders, and the ability to adjust expenses. These factors are expected to contribute to the company's earnings resilience. In fact, historical data indicates that American Express's shares have previously outperformed not only other card issuers but also the broader S&P 500 during periods of economic stress. T Show less Read more
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