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An analyst believes American Express can keep growing even with tougher competition.

RulesRead the original at Benzinga
Neutral

American Express has analysts expecting premium-card growth, but RBC cut its price forecast and its third-quarter profit estimate is below Wall Street's. Its bank also faces a $350 million penalty after years of control failures, leaving the story pointed in different directions.

AXP · American Express Company

AI read · Neutral

The AI's read

Analysts expect premium-card demand and card fees to support growth. Yet RBC cut its price forecast, and its third-quarter profit estimate is below Wall Street's. Its full-year estimate remains within the company's stated range. Regulators also found long-running failures to report suspected activity and ordered a $350 million penalty. Expected growth and real control failures point in different directions, so this story does not clearly change the company's outlook.

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