Summary:
- The Consumer Financial Protection Bureau's ruling on credit card late fees has been overturned, causing a notable impact on American Express (AXP, Financial) shares.
- American Express shares rose by 1.2% following the court decision, reflecting optimism in bank stocks.
- Wall Street analysts maintain a "Hold" recommendation for AXP, with a projected upside of approximately 13.85% over the next year.
A recent court ruling has overturned a significant regulation from the Consumer Financial Protection Bureau, which had previously capped credit card late fees at $8. This legal shift has had immediate implications for major financial institutions, notably American Express (NYSE: AXP). In response to the news, American Express shares experienced a 1.2% uptick, buoyed by a broader positive sentiment in the banking sector.
Wall Street Analysts Forecast
Analysts have provided a range of one-year price targets for American Express Co (AXP, Financial). The average target stands at an impressive $294.61, with high and low estimates of $371.00 and $230.00, respectively. This average target projects a potential upside of 13.85% from the current trading price of $258.77. Investors seeking further insights can explore additional data on the American Express Co (AXP) Forecast page.
According to 31 brokerage firms, the consensus recommendation for American Express Co (AXP, Financial) remains a "Hold," with an average brokerage recommendation score of 2.6. This rating reflects a moderate stance on the investment spectrum, sitting between "Strong Buy" and "Sell" on a scale from 1 to 5.
In terms of valuation, the GF Value estimate for American Express Co (AXP, Financial) predicts a price of $267.60 over the next year. This suggests a modest upside potential of 3.41% from its current level of $258.77. The GF Value metric is GuruFocus's proprietary estimation of the stock’s fair trading value, derived from historical trading multiples, past business growth, and future performance projections. For a deeper analysis, visit the American Express Co (AXP) Summary page.
