American Express Plans Live Audio Webcast of Third Quarter 2024 Earnings Conference Call
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Seaport Global Securities Reiterates Neutral Rating on American Express (AXP)
September 19, 2024 6:17 AM EDTSeaport Global Securities analyst Bill Ryan reiterated a Neutral rating on American Express (NYSE: AXP).
The analyst comments "In August, portfolio growth trends were modestly above expectations while credit quality was in line or slightly better relative to pre-pandemic levels. In the US consumer card loan portfolio, balances increased +12.4% YoY (v. +11.1% in July) to $87.3B which is tracking above the Q3 consensus growth forecast of +10.7%. The delinquency rate held steady MoM at 1.3%,... More
