American Express Company

New York Stock Exchange
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Bullish +65

American Express stock rises on Wells Fargo's Buy call

AI-generated analysis

📈 American Express stock closed at USD 312.43 on September 16, 2026, after a 3.7 percent decline from the prior session.

🏦 Wells Fargo analyst Donald Fandetti reiterated a Buy rating and established a price target of USD 415.00 for American Express shares.

💰 The company reported Q2 2026 revenue of USD 21.6 billion, marking an increase from USD 19.93 billion in the year-ago quarter.

📊 Net profit for the quarter ended June 30, 2026, reached USD 3.11 billion, up from USD 2.89 billion a year earlier.

🎯 The average analyst price target stands at USD 380.11, indicating a Moderate Buy consensus across the broader analyst community.

📉 At the closing price of USD 312.43, American Express traded at approximately 19.7 times its trailing twelve-month earnings.

📈 The stock recently reached a 52-week high of USD 387.36 on December 13, 2025, with a low of USD 291.00 recorded in March 2026.

Bullish Signals
  • American Express reported strong Q2 2026 financial results with revenue reaching USD 21.6 billion and net profit of USD 3.11 billion.
  • Revenue grew year-over-year from USD 19.93 billion, while net profit increased from USD 2.89 billion in the same period last year.
  • Wells Fargo analyst Donald Fandetti reiterated a Buy rating and set a price target of USD 415.00, implying significant upside potential.
  • The broader analyst consensus remains Moderate Buy with an average price target of USD 380.11, suggesting continued institutional confidence.
Full Analysis
American Express stock closed at USD 312.43 on September 16, 2026, following a buy rating reiterated by Wells Fargo analyst Donald Fandetti. The analyst maintained his Buy stance and set a price target of USD 415.00, suggesting significant upside potential relative to the current trading level. For the quarter ending June 30, 2026, American Express reported robust financial performance with revenue reaching USD 21.6 billion and net profit totaling USD 3.11 billion. These figures represent a year-over-year increase in both revenue and net profit compared to the same period in the prior fiscal year. The broader analyst consensus remains Moderate Buy with an average price target of USD 380.11. Valuation metrics indicate the stock traded at approximately 19.7 times trailing twelve-month earnings, while historical trading ranges show a 52-week high of USD 387.36 and a low of USD 291.00.