JPMorgan raises target for American Express stock to USD 365.00
π JPMorgan raised its price target for American Express to USD 365.00 from USD 360.00 on October 23, 2026.
π° American Express reported Q3 adjusted earnings per share of USD 4.68, beating the consensus of USD 4.48.
π Revenue net of interest expense rose 9 percent year over year to USD 20.06 billion in the third quarter of 2026.
πΉ The stock traded at USD 313.72 on the NYSE, with a market cap of USD 211.9 billion and a P/E ratio of 17.65.
π The Q3 results included a USD 982 million pretax gain from the sale of an equity interest.
Bullish Signals
- JPMorgan raised its price target for American Express to USD 365.00, indicating analyst confidence in the company's future prospects.
- American Express beat Q3 earnings expectations with adjusted EPS of USD 4.68 versus a consensus of USD 4.48.
- Revenue net of interest expense grew 9 percent year over year to USD 20.06 billion in the third quarter of 2026.
Full Analysis
JPMorgan Chase & Co. raised its price target for American Express to USD 365.00 from USD 360.00 on October 23, 2026, signaling a positive outlook for the financial services giant. This adjustment reflects confidence in American Express's ability to generate value and suggests a valuation level higher than the current US trading price of approximately USD 313.72 as of late October 2026.
American Express reported strong third-quarter adjusted earnings per share of USD 4.68, beating the consensus estimate of USD 4.48. Revenue net of interest expense grew 9 percent year over year to USD 20.06 billion in the third quarter of 2026. The company's robust performance was driven by a significant pretax gain from the sale of an equity interest, though this was partially offset by restructuring costs.
As of October 26, 2026, American Express maintained a market capitalization of USD 211.9 billion with a price-to-earnings ratio of 17.65. The stock traded up slightly in European markets and showed resilience on the NYSE, trading within its 52-week range but well below its historical high. Analysts view the company as a global payments and premium lifestyle brand serving consumers, small businesses, and large corporations.