American Express stock rises on Wells Fargo's Buy call
Published on 09/18/2026 at 12:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
American Express stock (ISIN US0258161092) closed at USD 312.43 on the New York Stock Exchange on September 16, 2026, after a 3.7 percent decline from the prior session. Wells Fargo reiterated Buy and set a USD 415.00 price target, according to The Globe and Mail on September 17, 2026.
Q2 revenue and profit
For the quarter ending June 30, 2026, American Express reported revenue of USD 21.6 billion and net profit of USD 3.11 billion, according to ad hoc news on September 17, 2026. Revenue rose from USD 19.93 billion a year earlier, while net profit increased from USD 2.89 billion.
The same report said Wells Fargo analyst Donald Fandetti kept a Buy rating and that the broader analyst view remains Moderate Buy with an average target of USD 380.11. The gap between the USD 312.43 close and the USD 415.00 target leaves room for another 32.9 percent, based on the figures cited in the report.
Valuation stays elevated
At the recent level of USD 312.43, American Express traded at about 19.7 times trailing twelve-month earnings, according to ad hoc news. Separately, finanzen.ch said the shares reached a 52-week high of USD 387.36 on December 13, 2025 and a 52-week low of USD 291.00 on March 21, 2026.
Stock and setup
American Express stock last traded at USD 312.43 on September 16, 2026, with the 52-week range running from USD 291.00 to USD 387.36. For investors, the key line is the combination of USD 21.6 billion in quarterly revenue, USD 3.11 billion in net profit and the USD 415.00 target.
American Express stock key data
- Company: American Express Company
- ISIN: US0258161092
- Ticker: AXP
- Trading venue: NYSE
- Price (as of September 16, 2026): USD 312.43
- Sector / Industry: Financials / Consumer Finance
- Index membership: Dow Jones Industrial Average
