American Express (AXP) Receives a Buy from Bank of America Securities
Bank of America Securities analyst Mihir Bhatia maintained a Buy rating on American Express today and set a price target of $387.00.
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According to TipRanks, Bhatia is a 4-star analyst with an average return of 6.5% and a 54.46% success rate. Bhatia covers the Financial sector, focusing on stocks such as American Express, Rocket Companies, and Capital One Financial.
In addition to Bank of America Securities, American Express also received a Buy from Wells Fargo’s Donald Fandetti in a report issued on May 28. However, on May 18, Barclays maintained a Hold rating on American Express (NYSE: AXP).
Based on American Express’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $20.88 billion and a net profit of $2.97 billion. In comparison, last year the company earned a revenue of $18.93 billion and had a net profit of $2.58 billion
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AXP in relation to earlier this year. Most recently, in March 2026, Raymond Joabar, the Grp. Pres., Global Comm. Serv of AXP sold 40.00 shares for a total of $12,256.72.
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