American Express Increases Value Available to Business Platinum Card Members to More Than $2,000 – More to Come Later This Year
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Monness, Crespi, Hardt on American Express (AXP): 'Premium Valuations are Likely to Require Incrementally Premium Performance in Remit of Fintech/Payments'
July 18, 2025 1:49 PM EDTMonness, Crespi, Hardt analyst Gus Gala reiterated a Neutral rating on American Express (NYSE: AXP)
The analyst comments "We reiterate our Neutral, tweak estimates slightly, and see fair value closer to ~$285 (on 16x C26 EPS, a 75th %ile multiple). Amex reported modest EPS upside in 2Q25 (along with a reiterated C25 guide for $15$15.50 in EPS); however, billed business growth failed to accelerate within USCS (US slowed 20 bps) as several pockets of waning strength incl. +0% growth in airline spend (which drove further slowing in T&E) and to a lesser... More
