Citi cut target for American Express stock from USD 355.00 to USD 340.00
Published on 10/08/2026 at 15:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
At EUR 269.95, American Express (ISIN US0258161092) was trading at Lang & Schwarz on October 8, 2026 at 3:04 p.m. CEST, down 0.13 percent versus the prior close of EUR 270.30. According to aktiencheck.de on October 1, 2026, Citi cut its target from USD 355.00 to USD 340.00 and kept a neutral rating.
Three dated signals shape the stock
On September 23, 2026, American Express scheduled the release of third-quarter results for 7:00 a.m. ET on October 23, followed by an 8:30 a.m. ET conference call. On September 28, the company declared a USD 0.95 quarterly dividend, according to Guavy. Citi's October 1 target reduction is the latest dated valuation signal in this sequence.
What does the target cut mean?
The change is valuation-focused rather than a reported operational downgrade. Guavy reported that second-quarter 2026 revenue net of interest expense increased 10.00 percent year over year to USD 14.99 billion, while diluted earnings per share rose 11.00 percent from USD 4.08 to USD 4.53. American Express had a market capitalization of USD 205.5 billion on October 7, 2026, and its NYSE quote was last at USD 304.25 on that date at 4:01 p.m. EDT.
For investors, the tension is clear: operating growth remains measurable, but Citi applied higher equity costs in its valuation model. The USD 340.00 target is 4.23 percent below the former USD 355.00 target, making the model more cautious even as second-quarter revenue and earnings per share improved.
Results and dividend dates
American Express is scheduled to publish third-quarter 2026 results on October 23, 2026, with the earnings call at 8:30 a.m. ET. The USD 0.95 dividend is scheduled for payment on November 10, 2026, to shareholders registered on October 9, according to Borse Express.
EUR 269.95 in afternoon trading
American Express was trading at EUR 269.95 at Lang & Schwarz on October 8, 2026 at 3:04 p.m. CEST, down 0.13 percent versus the prior close of EUR 270.30. The further course of trading is shown by the continuously updated real-time quote of American Express stock.
American Express stock facts
- Company: American Express Company
- ISIN: US0258161092
- Ticker: AXP
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 8, 2026, 3:04 p.m. CEST: EUR 269.95
- Change versus prior close: minus 0.13 percent
- Prior close Lang & Schwarz (October 7, 2026): EUR 270.30
- Market capitalization: USD 205.5 billion (as of October 7, 2026)
- Sector / Industry: Financials / Consumer Finance
Market context: Market report S&P 500.
