Citi cuts target for American Express stock to USD 340
Published on 10/02/2026 at 16:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
American Express stock was trading at EUR 267.20 at Lang & Schwarz on October 2, 2026 at 4:04 p.m. CEST, down 0.52 percent from the prior close of EUR 268.60. On October 1, 2026, Citi cut its price target from USD 355.00 to USD 340.00 and kept its neutral rating, as aktiencheck.de reported.
Citi lowers target to USD 340
The new Citi target is 4.23 percent below the previous USD 355.00 target, based on the figures in the October 1, 2026 report. The change reflects higher equity costs in Citi's valuation model rather than a reported deterioration in American Express operations, while the neutral rating remains unchanged.
Second-quarter growth stays strong
American Express reported second-quarter 2026 total revenues net of interest expense of USD 19.64 billion, up 10.00 percent year over year, with diluted earnings per share of USD 4.53, up 11.00 percent from USD 4.08. The figures and the company's full-year 2026 revenue growth guidance of 10.00 percent were summarized by Stock Titan.
The same report puts second-quarter 2026 net income at USD 3.10 billion and says provisions for credit losses fell to USD 1.10 billion from USD 1.40 billion. That mix matters for valuation: revenue growth was 10.00 percent, while the reserve movement contributed to the earnings comparison.
Third-quarter results are next
American Express scheduled its third-quarter 2026 results for October 23, 2026, with the release planned before an 8:30 a.m. ET earnings call, according to American Express. The company also declared a USD 0.95 quarterly dividend on September 28, 2026, payable November 10, 2026, to shareholders of record on October 9, 2026, according to American Express.
Stock trades below NYSE context
On the NYSE, American Express was last at USD 302.26 at 10:10 a.m. ET on October 2, 2026. Its market capitalization was USD 204.1 billion, while the 52-week range stood at USD 290.97 to USD 387.49.
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 2, 2026, 4:04 p.m. CEST): EUR 267.20
- Change versus prior close: minus 0.52 percent
- Prior close Lang & Schwarz (October 1, 2026): EUR 268.60
- Market capitalization: USD 204.1 billion (as of October 2, 2026)
- 52-week range: USD 290.97-387.49 (as of October 2, 2026)
- Sector / Industry: Financial Services / Financial - Credit Services
