Goldman Sachs Reiterates Buy on AXP

By Anna Gerardi
July 21, 2011 8:28 AM

Symbols: AXP

Posted in: Analyst Color, Reiteration, Analyst Ratings

Goldman Sachs has issued a report reiterating the Buy Rating on American Express (NYSE: AXP).

According to the report, "AXP's earnings exceeded expectations, driven by higher-than-expected revenue growth (12% vs. 8% expected), industry-leading billed business growth, and continued credit improvement."

AXP has a $60 Price Target and closed at $52.09 yesterday.

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Goldman Sachs Reiterates Buy on AXP

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