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American Express Company (NYSE: AXP) will release its Q4 2014 earnings report after the market close on Wednesday. Analysts expect revenue of $8.53 billion with EPS of $1.38
Ahead of the earnings release, Goldman Sachs was bullish on the stock and Morgan Stanley analyst Cheryl M. Pate estimated Q4 EPS at $1.45.
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Pate noted that the firm is “Overweight Amex based on our expectation of accelerated US card spend, driven by 1) ramping consumer spending and 2) higher merchant penetration through OptBlue. AXP is highly leveraged to an improving economy, particularly to higher equity market valuations and higher housing prices given its more affluent customer base.” On December 17, Morgan Stanley set a $110 price target on the stock.
Jefferies initiated coverage on the stock in December with a Hold rating and $95 price target. Analyst John Hecht expected EPS to come in at $1.37.
Shares of American Express Company are down 6.06 percent over the past month and heading into the earnings announcement the stock traded at $87.29, up 0.03 percent.