American Express (NYSE:AXP) Stock, Quote.Headers.trade-ideas

American Express

American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.

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Wall Street rallies on Fed&#39;s rate cut, S&amp;P 500 and Dow Jones hit record highs, boosted by strong labor market and anticipation of further easing.

S&amp;P 500, Dow Jones Hit Record Highs: Magnificent 7 Add $400 Billion After Fed&#39;s Historic Interest Rate Cut

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Investors are anticipating the first cut to the federal funds rate in over four years at the September FOMC meeting. The market is divided on the magnitude of the cut, which could trigger significant reactions. Goldman Sachs data reveals the top S&amp;P 500 stocks to watch during Fed easing cycles.

20 S&amp;P 500 Stocks That Move The Most When The Fed Starts Cutting Interest Rates

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Shares of companies in the broader financial services and banking sectors are trading higher amid overall market strength following the Fed's rate cut, which could drive a rise in spending and lending demand.

Bulls are stampeding across Wall Street on Thursday in the wake of the Federal Reserve&#8217;s decision to cut interest rates for the first time<a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead"> in over four years</a>.
The central bank&#8217;s bold move, a 50-basis-point cut, caught analysts off guard and sent the U.S. stock market to fresh record highs at the opening of Thursday&#8217;s session.
The S&amp;P 500 soared to a new all-time high, reaching 5,700 points. Similarly, the Dow Jones Industrial Average climbed to an unprecedented 42,000 points.
In the first 30 minutes of trading, the S&amp;P 500 and Dow Jones rose by 1.4% and 1%, respectively. The Nasdaq 100 climbed 1.5%, although the Russell 2000, representing small-cap stocks, outperformed with a surge of over 2%.
The market rally was primarily driven by the Magnificent Seven: Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). Each of the Magnificent Seven are recording daily gains ranging from 1.5% to 4.5%, solidly in positive territory.
<h3 class="wp-block-heading">Chart: S&amp;P 500 Hits Record Highs</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="447" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19100943/image-155-1024x447.png" alt="" class="wp-image-556397" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19100943/image-155-1024x447.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19100943/image-155-300x131.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19100943/image-155-768x336.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19100943/image-155-1536x671.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19100943/image-155.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image: <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1">Benzinga Pro</a></figcaption></figure>
<h3 class="wp-block-heading">Strong Labor Market Eases Slowdown Fears, Analysts Boost Rate-Cut Wagers</h3>
Thursday&#8217;s economic data further boosted investor confidence. Weekly jobless claims came in well below expectations, suggesting a lower-than-expected trend of rising unemployment. 
Continuing jobless claims also dropped more than expected, hinting at a potential absorption of long-term unemployed individuals into the job market. 
This data alleviated concerns about rising unemployment and provided a more optimistic outlook for the economy.
Wall Street analysts quickly adjusted their expectations following the Federal Reserve&#8217;s rate cut. There is now growing anticipation of additional rate cuts, diverging from the cautious tone expressed in the Fed&#8217;s September &#8220;dot plot&#8221; and Chair Jerome Powell&#8216;s remarks during the press conference.
Notably, Goldman Sachs economist Jan Hatzius revised his forecast from expecting a 25-basis-point cut at every other meeting to predicting a rate cut at every meeting. He even left the door open for a back-to-back 50-basis-point reduction in November.
<h3 class="wp-block-heading">Thursday&#8217;s 5 Top-Performing S&amp;P 500 Stocks</h3>
Among the S&amp;P 500, the top five performers as of 10 a.m. ET were:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-day Return</td>
</tr>
<tr>
<td>Darden Restaurants, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NASDAQ">DRI</a>) </td>
<td>7.46</td>
</tr>
<tr>
<td>Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>)</td>
<td>5.27</td>
</tr>
<tr>
<td>Cadence Design Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>)</td>
<td>4.40</td>
</tr>
<tr>
<td>Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCRX#NASDAQ">LCRX</a>)</td>
<td>4.34</td>
</tr>
<tr>
<td>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>4.33</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Thursday&#8217;s 5 Top-Performing Dow Jones Industrial Average Stocks</h3>
Among the Dow Jone, the top five performers were:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-day Return</td>
</tr>
<tr>
<td>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>3.02</td>
</tr>
<tr>
<td>Salesforce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NASDAQ">CRM</a>)</td>
<td>3.01</td>
</tr>
<tr>
<td>The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>)</td>
<td>2.80</td>
</tr>
<tr>
<td>Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>)</td>
<td>2.71</td>
</tr>
<tr>
<td>American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</td>
<td>2.67</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40938732/wall-street-ramps-up-interest-rate-cut-bets-after-fed-meeting-the-hard-landing-crow">Wall Street Ramps Up Interest Rate Cut Bets After Fed Meeting: &#8216;The Hard-Landing Crowd Should Disperse,&#8217; Economist Says</a></li>
</ul>
Photo via Shutterstock.

S&P 500, Dow Jones Hit Record Highs: Magnificent 7 Add $400 Billion After Fed's Historic Interest Rate Cut

Investors are on edge in the lead-up to the Wednesday Federal Open Market Committee interest rate decision that is expected to deliver the first cut to the federal funds rate <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40921827/fed-decision-is-here-5-things-investors-need-to-know-ahead-of-wednesdays-pivotal-in">in over four years.</a>
The market is divided on the magnitude of the anticipated rate cut. Traders are assigning a 59% probability to a 50-basis-point cut, while a 41% chance is placed on a more modest 25-basis-point reduction. The size of the rate cut is crucial as it could trigger significant market reactions.
Should the Fed opt for a 50-basis-point cut, it may be perceived as an acknowledgment that interest rates are overly restrictive. This could lead to increased expectations for further rate cuts in the coming months, potentially fueling risk sentiment and driving stock prices higher.
Conversely, a 25-basis-point cut might disappoint investors who are betting on a more aggressive measure.
Since the start of 2022, the S&amp;P 500, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), has experienced an average move of plus or minus 1.3% during FOMC events, reflecting the market&#8217;s high sensitivity to Fed policy decisions.
Goldman Sachs equity analysts, including John Marshall, analyzed stock movements during the first rate cuts in the previous three Fed easing cycles (Sept. 18, 2007, July 31, 2019 and March 3, 2020).
The data highlights the average moves of several key S&amp;P 500 stocks with liquid options during these periods.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Rank</th>
<th>Name</th>
<th>Absolute Average Move</th>
</tr>
</thead>
<tbody>
<tr>
<td>1</td>
<td>Caesars Entertainment Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>)</td>
<td>5.9%</td>
</tr>
<tr>
<td>2</td>
<td>Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>5.5%</td>
</tr>
<tr>
<td>3</td>
<td>Capital One Financial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>)</td>
<td>4.6%</td>
</tr>
<tr>
<td>4</td>
<td>Charles Schwab Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>)</td>
<td>4.6%</td>
</tr>
<tr>
<td>5</td>
<td>Mastercard Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>)</td>
<td>4.5%</td>
</tr>
<tr>
<td>6</td>
<td>Fortinet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>)</td>
<td>4.3%</td>
</tr>
<tr>
<td>7</td>
<td>Marriott International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>)</td>
<td>4.2%</td>
</tr>
<tr>
<td>8</td>
<td>American Express Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</td>
<td>3.8%</td>
</tr>
<tr>
<td>9</td>
<td>Newmont Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)</td>
<td>3.7%</td>
</tr>
<tr>
<td>10</td>
<td>Deere &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>)</td>
<td>3.6%</td>
</tr>
<tr>
<td>11</td>
<td>BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>)</td>
<td>3.6%</td>
</tr>
<tr>
<td>12</td>
<td>Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</td>
<td>3.5%</td>
</tr>
<tr>
<td>13</td>
<td>3M Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>)</td>
<td>3.3%</td>
</tr>
<tr>
<td>14</td>
<td>Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>3.2%</td>
</tr>
<tr>
<td>15</td>
<td>JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td>
<td>3.2%</td>
</tr>
<tr>
<td>16</td>
<td>Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>)</td>
<td>3.0%</td>
</tr>
<tr>
<td>17</td>
<td>Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>)</td>
<td>3.0%</td>
</tr>
<tr>
<td>18</td>
<td>Starbucks Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>)</td>
<td>2.9%</td>
</tr>
<tr>
<td>19</td>
<td>Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>)</td>
<td>2.7%</td>
</tr>
<tr>
<td>20</td>
<td>Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)</td>
<td>2.3%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40908202/10-etfs-investors-secretly-bought-before-the-feds-make-or-break-interest-rate-cal">10 ETFs Investors Secretly Bought Before The Fed&#8217;s Make-Or-Break Interest Rate Call</a></li>
</ul>
Federal Reserve illustration created using artificial intelligence via MidJourney.

20 S&P 500 Stocks That Move The Most When The Fed Starts Cutting Interest Rates

Whales with a lot of money to spend have taken a noticeably bearish stance on American Express.
Looking at options history for American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) we detected 17 trades.
If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 47% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $561,270 and 7, calls, for a total amount of $454,865.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $195.0 to $275.0 for American Express over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of American Express stands at 830.0, with a total volume reaching 866.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in American Express, situated within the strike price corridor from $195.0 to $275.0, throughout the last 30 days.
<h3>American Express Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726671853_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$77.55</td>
<td>$77.0</td>
<td>$77.55</td>
<td>$200.00</td>
<td>$209.3K</td>
<td>226</td>
<td style="text-align: right;">27</td>
</tr>
<tr>
<td>AXP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$30.95</td>
<td>$30.05</td>
<td>$30.05</td>
<td>$250.00</td>
<td>$156.2K</td>
<td>57</td>
<td style="text-align: right;">57</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$19.5</td>
<td>$19.3</td>
<td>$19.5</td>
<td>$260.00</td>
<td>$87.7K</td>
<td>1.1K</td>
<td style="text-align: right;">48</td>
</tr>
<tr>
<td>AXP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$12.75</td>
<td>$12.4</td>
<td>$12.4</td>
<td>$195.00</td>
<td>$62.0K</td>
<td>55</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>AXP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$8.45</td>
<td>$8.35</td>
<td>$8.45</td>
<td>$200.00</td>
<td>$59.1K</td>
<td>450</td>
<td style="text-align: right;">209</td>
</tr>
</tbody>
</table>

<h3>About American Express</h3>
American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.
Following our analysis of the options activities associated with American Express, we pivot to a closer look at the company's own performance.
<h3>Where Is American Express Standing Right Now?</h3>
<ul>
<li>With a trading volume of 605,608, the price of AXP is down by -1.23%, reaching $262.13.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 30 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for American Express</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $264.0.
<ul>
<li>In a cautious move, an analyst from B of A Securities downgraded its rating to Neutral, setting a price target of $263. </li>
<li>Consistent in their evaluation, an analyst from B of A Securities keeps a Neutral rating on American Express with a target price of $265. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for American Express, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

American Express's Options Frenzy: What You Need to Know

In the preceding three months, 11 analysts have released ratings for American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), presenting a wide array of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $261.27, a high estimate of $285.00, and a low estimate of $223.00. This current average reflects an increase of 3.51% from the previous average price target of $252.40. 
<img src="https://www.benzinga.com/files/images/story/2024/1726596084_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of American Express by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Kenneth Bruce</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$265.00</td>
<td>$263.00</td>
</tr>
<tr>
<td>Kenneth Bruce</td>
<td>B of A Securities</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$263.00</td>
<td>$263.00</td>
</tr>
<tr>
<td>Gus Gala</td>
<td>Monness, Crespi, Hardt</td>
<td>Raises</td>
<td>Buy</td>
<td>$265.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>Kenneth Bruce</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$263.00</td>
<td>$247.00</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$267.00</td>
<td>$265.00</td>
</tr>
<tr>
<td>David Rochester</td>
<td>Compass Point</td>
<td>Announces</td>
<td>Neutral</td>
<td>$260.00</td>
<td>-</td>
</tr>
<tr>
<td>John Hecht</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$235.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Terry Ma</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$223.00</td>
<td>$221.00</td>
</tr>
<tr>
<td>Donald Fandetti</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$285.00</td>
<td>$275.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$268.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Sanjay Sakhrani</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$280.00</td>
<td>$265.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to American Express. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of American Express compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of American Express's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into American Express's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/AXP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on American Express analyst ratings.</a>
<h2>Unveiling the Story Behind American Express</h2>
American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.
<h3>Financial Milestones: American Express's Journey</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Positive Revenue Trend: Examining American Express's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 8.5% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 18.23%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): American Express's ROE excels beyond industry benchmarks, reaching 10.21%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): American Express's ROA excels beyond industry benchmarks, reaching 1.1%. This signifies efficient management of assets and strong financial health.
Debt Management: American Express's debt-to-equity ratio is below the industry average. With a ratio of 1.8, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Basics of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Peeling Back The Layers: Exploring American Express Through Analyst Insights

B of A Securities analyst Kenneth Bruce maintains American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) with a Neutral and raises the price target from $263 to $265.

Price Target

B of A Securities Maintains Neutral on American Express, Raises Price Target to $265

American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) has outperformed the market over the past 5 years by 3.44% on an annualized basis producing an average annual return of 16.72%. Currently, American Express has a market capitalization of $182.35 billion. 
Buying $1000 In AXP: If an investor had bought $1000 of AXP stock 5 years ago, it would be worth $2,192.62 today based on a price of $256.50 for AXP at the time of writing.
<h3>American Express's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726255997_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 5 Years Ago Would Be Worth $2,200 Today

Affirm Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/afrm#NASDAQ">AFRM</a>) recently unveiled results from its latest survey, highlighting consumer shopping behaviors before the holiday season of 2024. The study of 2,000 Americans unveiled how the 0% annual percentage rate&nbsp;(APR) options would influence consumers while making purchase decisions and how confident they are about budgeting. This bodes well for a company like Affirm, offering flexible and transparent payment solutions.
The survey revealed that 48% of respondents are influenced by the availability of 0% APR. Benefits of 0% APR include saving on interest costs, the ability to afford bigger purchases, and greater ease while budgeting, according to 28%, 19%, and 17% of respondents, respectively.
Additionally, 42%, 28% and 25% of consumers view 0% APR offers as suitable for purchasing furniture or appliances, electronics, and everyday items, respectively. This highlights the growing inclination toward AFRM&#39;s solutions, poising it well for the future. The survey also highlighted that despite current macroeconomic concerns, 70% of Americans feel more confident in their ability to manage finances compared to the previous year.
In a recent Goldman Sachs Communacopia and Tech Conference, AFRM&#39;s CEO Max Levchin emphasized the company&#39;s evolution beyond its origin as a buy now, pay later solution to a broader payments company. Levchin also mentioned that Affirm aims to become a modern alternative to American Express Company&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axp#NYSE">AXP</a>) with a &quot;pro-consumer attitude.&quot; Affirm aims to leverage artificial intelligence to enhance employee productivity rather than reduce jobs.
Leveraging its expanded network with more merchants, customers and enhanced offerings should aid AFRM in achieving its goal of being profitable for the first time in the fourth quarter of fiscal 2024. AFRM also raised its outlook for fiscal 2025 GMV to be more than $33.5 billion, highlighting confidence in its prospects.
<h2>AFRM&#39;s Zacks Rank and Price Performance</h2>
Affirm currently has a Zacks Rank #2 (Buy). In the past six months, shares of Affirm have gained 24.9% compared with 0.5% growth of the&nbsp;industry&nbsp;it belongs to.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f5/77741.jpg?v=147337207" style="height:330px; width:600px" /> 
Image Source: Zacks Investment Research
<h2>Other Stocks to Consider</h2>
Investors can look at some other top-ranked stocks from the broader&nbsp;Business Services&nbsp;space like&nbsp;Fidelity National Information Services, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fis#NYSE">FIS</a>) and&nbsp;Paysign, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pays#NASDAQ">PAYS</a>). Each stock presently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Fidelity National&#39;s current-year earnings indicates a 50.5% year-over-year jump. FIS beat earnings estimates in two of the trailing four quarters and missed twice. The consensus estimate for current-year revenues is pegged at $10.2 billion.
The Zacks Consensus Estimate for Paysign&#39;s current-year bottom line indicates 75% year-over-year growth. The consensus estimate for PAYS&#39; current-year revenues is pegged at $58 million, suggesting 22.6% year-over-year growth.
<a href="https://www.zacks.com/stock/news/2336065/affirm-s-survey-reveals-0-apr-option-impact-ceo-outlines-growth-plan?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2336065">To read this article on Zacks.com click here.</a>

Affirm's Survey Reveals 0% APR Option Impact, CEO Outlines Growth Plan

Warren Buffett's Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) has been steadily trimming its stake in Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), selling off $7.2 billion worth <a href="https://www.benzinga.com/news/large-cap/24/09/40750695/warren-buffett-trims-bank-of-america-stake-analysts-speculate-why">of shares since mid-July.</a>
<h2 class="wp-block-heading">Warren Buffet Has Been Trimming Stake In BAC</h2>
Following the <a href="https://www.sec.gov/Archives/edgar/data/70858/000095017024105263/xslF345X05/ownership.xml">sale</a> of 5.8 million shares for $228.7 million at an average price of $39.45 on Friday, Monday and Tuesday, Berkshire Hathaway's stake in Bank of America has decreased to approximately 11% of the company's total shares. Despite this reduction, Berkshire remains BAC's largest shareholder and trails behind Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and American Express Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) in Berkshire&#8217;s top holdings.
Despite this aggressive selling spree, which has stretched over 12 consecutive sessions, Bank of America stock has only dipped about 1% since July. Year-to-date, however, the stock has gained 16.7%, slightly outperforming the S&amp;P 500.
While some investors may see Buffett's move as a red flag, others might interpret the pullback as a buying opportunity. After all, Bank of America's fundamentals remain strong, and CEO Brian Moynihan seems unbothered by the Oracle of Omaha's recent sales.
At a recent conference, Moynihan reiterated his admiration for Buffett's savvy 2011 investment, which helped shore up the bank during a time of crisis. 
"He's been a great investor for our company and stabilized it when we needed it," Moynihan said.
Read Also: <a href="https://www.benzinga.com/news/24/09/40805571/bank-of-america-ceo-on-buffetts-share-retreat-i-dont-know-what-exactly-he-is-doing-we-cant-ask">Bank Of America CEO On Buffett&#8217;s Share Retreat: &#8216;I Don&#8217;t Know What Exactly He Is Doing &#8230; We Can&#8217;t Ask&#8217;</a>
<h2 class="wp-block-heading">Technicals: Bearish Now, Bullish Signs Emerging?</h2>
Currently, Bank of America's technicals are flashing mixed signals. The stock is trading at $39.06, below its five-day, 20-day and 50-day moving averages, signaling a bearish short-term outlook. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="456" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12113641/Screenshot-2024-09-12-at-9.05.34-PM.png" alt="" class="wp-image-545084" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12113641/Screenshot-2024-09-12-at-9.05.34-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12113641/Screenshot-2024-09-12-at-9.05.34-PM-300x217.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091224&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Specifically, the eight-day and the 20-day SMAs at $39.58, point to more potential selling pressure. The stock trading below the 50-day SMA of $40.18 further indicates medium-term bearishness.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="456" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12113641/Screenshot-2024-09-12-at-9.05.52-PM.png" alt="" class="wp-image-545085" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12113641/Screenshot-2024-09-12-at-9.05.52-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12113641/Screenshot-2024-09-12-at-9.05.52-PM-300x217.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091224&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Meanwhile, the MACD at a negative 0.10 indicates bearish momentum, and the RSI of 45.08 suggests that BAC stock is neither overbought nor oversold.
However, long-term investors might see a glimmer of hope. With the stock price still above its 200-day moving average of $36.82, there&#8217;s a bullish case to be made for a potential rebound.
As Buffett continues to reduce his stake, the key question remains: Is Bank of America still a &#8220;great investment&#8221; stock, or is it time to move on?
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40760724/warren-buffett-reveals-how-to-increase-your-worth-by-at-least-50-you-can-have-all-the-brainpower-in">Warren Buffett Reveals How To Increase Your Worth By &#8216;At Least&#8217; 50%: &#8216;You Can Have All The Brainpower In The World, But You Have To Be Able To&#8230;&#8217;</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Technicals

Warren Buffett Sells More Bank Of America Stock: Should You Follow His Lead Or Invest Further?

AXP RISES OVER 10 POINTS ON THE SESSION AND CLOSES AT SESSION HIGH
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="803" height="796" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/11200416/Screen-Shot-2024-09-11-at-4.01.48-PM.png" alt="" class="wp-image-1187" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/11200416/Screen-Shot-2024-09-11-at-4.01.48-PM.png 803w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/11200416/Screen-Shot-2024-09-11-at-4.01.48-PM-300x297.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/11200416/Screen-Shot-2024-09-11-at-4.01.48-PM-150x150.png 150w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/11200416/Screen-Shot-2024-09-11-at-4.01.48-PM-768x761.png 768w" sizes="(max-width: 803px) 100vw, 803px" /></figure>
TradePulse&#8217;s latest Power Inflow alert indicated institutional volume is coming into American Express Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), signaling a shift from net selling to buying. This shift is a key indicator of rising investor confidence and the potential for an uptrend in AXP&#8217;s stock.
At 10:29 AM ET on September 11th, AXP registered a Power Inflow at a price of $244.12. Following this signal, the stock reached its high point at 4:00 EDT, climbing over 10 points ($254.39) during the day, translating to an approximate increase of 4.2%. This alert is crucial for investors relying on order flow analytics, suggesting the beginning of an uptrend and presenting a valuable opportunity for those anticipating higher prices. Observers are now closely monitoring AXP for sustained positive momentum, viewing this as a bullish sign.
Understanding Power Inflow:
A Power Inflow is identified by a surge in buy orders over sell orders, typically occurring within the first one or two hours after the market opens. This phenomenon is observed in ten to twenty stocks daily, reflecting the initial strategies and reactions of large institutional investors. Analyzing the size, timing, and price of these transactions helps signal shifts in market sentiment and potential price changes. For those interested in monitoring more stocks exhibiting Power Inflows, visiting the TradePulse website provides comprehensive insights and updates on daily occurrences.
Importance of Power Inflow:
Power Inflows are crucial as they offer early indications of potential uptrends, enabling traders to act even before the market fully adjusts. Such a change is commonly viewed as a sign of larger inflows than retail is capable of producing, indicating institutional interest and a short-term uptrend in the stock. Although not always marking the lowest point, stocks tend to rise following a Power Inflow. This makes these signals especially valuable for identifying strategic entry points and planning short-term investments, as they provide an opportunity to capitalize on upward momentum ahead of wider market recognition.
Strategic Actions Following a Power Inflow:
After detecting a Power Inflow, traders should view it as a potential entry buying point but also confirm the trend with TradePulse's additional indicators such as Momentum, Daily, and Large Deal flows to ensure its strength and viability. Prompt action, combined with strategic stop-loss settings, can maximize returns and minimize risks. This comprehensive approach allows traders to make more informed decisions, optimizing their trading strategies in alignment with real-time market dynamics.
If you want to stay updated on the latest options trades for American Express Inc.,<a href="https://benzinga.grsm.io/register174"> Benzinga Pro</a> gives you real-time options trade alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data are brought to you by Benzinga APIs</a> and include firms, like<a href="https://finitusa.com/en/"> Finit USA</a>, responsible for parts of the data within this article. 
After Market Close UPDATE: The price at the time of the Power Inflow was $244.12. The returns on the High price ($254.39) and Close price ($254.39) after the Power Inflow were the same 4.2%. This is not always the case so it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your appetite for risk. 
PAST RESULTS ARE NOT INDICATIVE OF FUTURE RETURNS

Signals

General

Tradepulse Power Inflow Alert: American Express Inc. Moves Up Over 4% After Alert For The Day

Deep-pocketed investors have adopted a bearish approach towards American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AXP usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for American Express. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 11% leaning bullish and 55% bearish. Among these notable options, 7 are puts, totaling $261,890, and 2 are calls, amounting to $60,356.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $155.0 to $250.0 for American Express over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for American Express options trades today is 805.0 with a total volume of 2,274.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for American Express's big money trades within a strike price range of $155.0 to $250.0 over the last 30 days.
<h3>American Express Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726062480_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AXP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$4.8</td>
<td>$4.0</td>
<td>$4.8</td>
<td>$247.50</td>
<td>$54.7K</td>
<td>1.1K</td>
<td style="text-align: right;">232</td>
</tr>
<tr>
<td>AXP</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/13/24</td>
<td>$5.05</td>
<td>$4.1</td>
<td>$4.55</td>
<td>$247.50</td>
<td>$49.1K</td>
<td>1.1K</td>
<td style="text-align: right;">525</td>
</tr>
<tr>
<td>AXP</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/13/24</td>
<td>$5.25</td>
<td>$4.2</td>
<td>$4.7</td>
<td>$247.50</td>
<td>$39.0K</td>
<td>1.1K</td>
<td style="text-align: right;">744</td>
</tr>
<tr>
<td>AXP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$2.87</td>
<td>$2.56</td>
<td>$2.87</td>
<td>$245.00</td>
<td>$35.6K</td>
<td>512</td>
<td style="text-align: right;">138</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$7.55</td>
<td>$7.25</td>
<td>$7.25</td>
<td>$250.00</td>
<td>$33.3K</td>
<td>1.5K</td>
<td style="text-align: right;">46</td>
</tr>
</tbody>
</table>

<h3>About American Express</h3>
American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.
Following our analysis of the options activities associated with American Express, we pivot to a closer look at the company's own performance.
<h3>Where Is American Express Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 52,040, the AXP's price is down by -0.37%, now at $244.51. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 37 days.</li>
</ul>
<h3>What Analysts Are Saying About American Express</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $263.0.
<ul>
<li>In a cautious move, an analyst from B of A Securities downgraded its rating to Neutral, setting a price target of $263. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for American Express, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

This Is What Whales Are Betting On American Express

Guidance

American Express CFO Christophe Le Caillec Says Consumer Spending Is Stable In Q3; Says Credit Has Been Very Strong

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$145.00</td>
<td>$49.6K</td>
<td>3.3K</td>
<td>4.6K</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$200.00</td>
<td>$28.0K</td>
<td>5.5K</td>
<td>1.1K</td>
</tr>
<tr>
<td>NBTB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$45.00</td>
<td>$240.0K</td>
<td>137</td>
<td>1.0K</td>
</tr>
<tr>
<td>C</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/17/26</td>
<td>$45.00</td>
<td>$61.2K</td>
<td>82</td>
<td>721</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/13/24</td>
<td>$240.00</td>
<td>$27.7K</td>
<td>25</td>
<td>519</td>
</tr>
<tr>
<td>CG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$42.50</td>
<td>$70.7K</td>
<td>2.4K</td>
<td>363</td>
</tr>
<tr>
<td>GS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$460.00</td>
<td>$26.7K</td>
<td>469</td>
<td>165</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$190.00</td>
<td>$28.3K</td>
<td>1.8K</td>
<td>67</td>
</tr>
<tr>
<td>FI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$155.00</td>
<td>$30.7K</td>
<td>129</td>
<td>15</td>
</tr>
<tr>
<td>FCNCA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1420.00</td>
<td>$43.7K</td>
<td>0</td>
<td>1</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding COF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), we observe a call option sweep with neutral sentiment. It expires in 38 day(s) on October 18, 2024. Parties traded 234 contract(s) at a $145.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $49.6K, with a price of $212.0 per contract. There were 3395 open contracts at this strike prior to today, and today 4612 contract(s) were bought and sold. 
• Regarding JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we observe a put option sweep with bearish sentiment. It expires in 38 day(s) on October 18, 2024. Parties traded 46 contract(s) at a $200.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $28.0K, with a price of $610.0 per contract. There were 5534 open contracts at this strike prior to today, and today 1136 contract(s) were bought and sold. 
• For NBTB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBTB#NASDAQ">NBTB</a>), we notice a call option sweep that happens to be bearish, expiring in 66 day(s) on November 15, 2024. This event was a transfer of 1000 contract(s) at a $45.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $240.0K, with a price of $240.0 per contract. There were 137 open contracts at this strike prior to today, and today 1010 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a put option sweep with bullish sentiment. It expires in 675 day(s) on July 17, 2026. Parties traded 180 contract(s) at a $45.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $61.2K, with a price of $340.0 per contract. There were 82 open contracts at this strike prior to today, and today 721 contract(s) were bought and sold. 
• Regarding AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we observe a call option trade with neutral sentiment. It expires in 3 day(s) on September 13, 2024. Parties traded 50 contract(s) at a $240.00 strike. The total cost received by the writing party (or parties) was $27.7K, with a price of $555.0 per contract. There were 25 open contracts at this strike prior to today, and today 519 contract(s) were bought and sold. 
• For CG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CG#NASDAQ">CG</a>), we notice a call option sweep that happens to be bullish, expiring in 192 day(s) on March 21, 2025. This event was a transfer of 363 contract(s) at a $42.50 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $70.7K, with a price of $195.0 per contract. There were 2425 open contracts at this strike prior to today, and today 363 contract(s) were bought and sold. 
• For GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we notice a put option trade that happens to be bullish, expiring in 66 day(s) on November 15, 2024. This event was a transfer of 14 contract(s) at a $460.00 strike. The total cost received by the writing party (or parties) was $26.7K, with a price of $1910.0 per contract. There were 469 open contracts at this strike prior to today, and today 165 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a put option trade that happens to be bullish, expiring in 10 day(s) on September 20, 2024. This event was a transfer of 8 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $28.3K, with a price of $3540.0 per contract. There were 1826 open contracts at this strike prior to today, and today 67 contract(s) were bought and sold. 
• For FI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>), we notice a call option sweep that happens to be bullish, expiring in 66 day(s) on November 15, 2024. This event was a transfer of 15 contract(s) at a $155.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $30.7K, with a price of $2050.0 per contract. There were 129 open contracts at this strike prior to today, and today 15 contract(s) were bought and sold. 
• For FCNCA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>), we notice a call option trade that happens to be bullish, expiring in 129 day(s) on January 17, 2025. This event was a transfer of 1 contract(s) at a $1420.00 strike. The total cost received by the writing party (or parties) was $43.7K, with a price of $43750.0 per contract. There were 0 open contracts at this strike prior to today, and today 1 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

COIN

FCNCA

NBTB

10 Financials Stocks With Whale Alerts In Today's Session

CACC

CFBK

FSFG

HBAN

NYCB

VBFC

Shares of bank stocks are trading lower in possible sympathy with Ally, which fell after the company's CFO noted credit challenges among borrowers. The sector earlier reacted to Fed Vice Chair for Supervision Barr previewing Basel and GSIB surcharge re-proposals.

Shares of bank stocks are trading lower after Fed Vice Chair for Supervision Barr unveiled Basel and GSIB surcharge re-proposals.

ALTI

CNFR

HOOD

IBKR

NTRS

WENA

Shares of companies within the broader financial sector are trading lower amid overall market weakness as investors react to jobs data.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$12.00</td>
<td>$349.6K</td>
<td>39.8K</td>
<td>4.6K</td>
</tr>
<tr>
<td>COF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$145.00</td>
<td>$78.7K</td>
<td>3.2K</td>
<td>3.0K</td>
</tr>
<tr>
<td>RILY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$6.00</td>
<td>$35.0K</td>
<td>128</td>
<td>2.6K</td>
</tr>
<tr>
<td>HOOD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$20.50</td>
<td>$36.5K</td>
<td>4.8K</td>
<td>1.4K</td>
</tr>
<tr>
<td>CRBG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$29.00</td>
<td>$67.5K</td>
<td>6.8K</td>
<td>500</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$202.50</td>
<td>$42.0K</td>
<td>1.0K</td>
<td>349</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$95.00</td>
<td>$27.0K</td>
<td>21.3K</td>
<td>209</td>
</tr>
<tr>
<td>MTB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$165.00</td>
<td>$66.8K</td>
<td>178</td>
<td>102</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$155.00</td>
<td>$58.0K</td>
<td>0</td>
<td>5</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), we notice a call option trade that happens to be bearish, expiring in 137 day(s) on January 17, 2025. This event was a transfer of 999 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $349.6K, with a price of $350.0 per contract. There were 39838 open contracts at this strike prior to today, and today 4626 contract(s) were bought and sold. 
• Regarding COF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), we observe a call option sweep with bearish sentiment. It expires in 46 day(s) on October 18, 2024. Parties traded 125 contract(s) at a $145.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $78.7K, with a price of $630.0 per contract. There were 3232 open contracts at this strike prior to today, and today 3081 contract(s) were bought and sold. 
• Regarding RILY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>), we observe a put option sweep with bearish sentiment. It expires in 11 day(s) on September 13, 2024. Parties traded 200 contract(s) at a $6.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $175.0 per contract. There were 128 open contracts at this strike prior to today, and today 2621 contract(s) were bought and sold. 
• Regarding HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on August 30, 2024. Parties traded 779 contract(s) at a $20.50 strike. This particular put needed to be split into 52 different trades to become filled. The total cost received by the writing party (or parties) was $36.5K, with a price of $47.0 per contract. There were 4899 open contracts at this strike prior to today, and today 1477 contract(s) were bought and sold. 
• For CRBG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRBG#NYSE">CRBG</a>), we notice a call option sweep that happens to be bearish, expiring in 46 day(s) on October 18, 2024. This event was a transfer of 500 contract(s) at a $29.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $67.5K, with a price of $135.0 per contract. There were 6841 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a put option trade that happens to be bullish, expiring in 3 day(s) on August 30, 2024. This event was a transfer of 20 contract(s) at a $202.50 strike. The total cost received by the writing party (or parties) was $42.0K, with a price of $2100.0 per contract. There were 1006 open contracts at this strike prior to today, and today 349 contract(s) were bought and sold. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a call option trade with bearish sentiment. It expires in 501 day(s) on January 16, 2026. Parties traded 41 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $660.0 per contract. There were 21324 open contracts at this strike prior to today, and today 209 contract(s) were bought and sold. 
• For MTB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>), we notice a call option sweep that happens to be bullish, expiring in 18 day(s) on September 20, 2024. This event was a transfer of 88 contract(s) at a $165.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $66.8K, with a price of $760.0 per contract. There were 178 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
• For AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we notice a call option trade that happens to be bullish, expiring in 837 day(s) on December 18, 2026. This event was a transfer of 5 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $58.0K, with a price of $11600.0 per contract. There were 0 open contracts at this strike prior to today, and today 5 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PYPL

RILY

9 Financials Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$50.00</td>
<td>$35.4K</td>
<td>7.2K</td>
<td>13.7K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$65.00</td>
<td>$29.2K</td>
<td>20.5K</td>
<td>2.0K</td>
</tr>
<tr>
<td>AGNC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/11/24</td>
<td>$10.00</td>
<td>$53.0K</td>
<td>0</td>
<td>1.5K</td>
</tr>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$60.00</td>
<td>$62.2K</td>
<td>1.7K</td>
<td>928</td>
</tr>
<tr>
<td>LC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$12.00</td>
<td>$75.9K</td>
<td>1.3K</td>
<td>854</td>
</tr>
<tr>
<td>CRBG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$29.00</td>
<td>$26.6K</td>
<td>1.0K</td>
<td>403</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$270.00</td>
<td>$38.1K</td>
<td>1.1K</td>
<td>341</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$210.00</td>
<td>$54.0K</td>
<td>1.0K</td>
<td>96</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$72.50</td>
<td>$41.2K</td>
<td>215</td>
<td>81</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$535.00</td>
<td>$31.0K</td>
<td>101</td>
<td>57</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we observe a call option trade with bullish sentiment. It expires in 21 day(s) on September 20, 2024. Parties traded 499 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $35.4K, with a price of $71.0 per contract. There were 7297 open contracts at this strike prior to today, and today 13760 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option sweep with bearish sentiment. It expires in 49 day(s) on October 18, 2024. Parties traded 250 contract(s) at a $65.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $29.2K, with a price of $117.0 per contract. There were 20565 open contracts at this strike prior to today, and today 2061 contract(s) were bought and sold. 
• Regarding AGNC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGNC#NASDAQ">AGNC</a>), we observe a call option sweep with neutral sentiment. It expires in 42 day(s) on October 11, 2024. Parties traded 1559 contract(s) at a $10.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $53.0K, with a price of $34.0 per contract. There were 0 open contracts at this strike prior to today, and today 1561 contract(s) were bought and sold. 
• Regarding WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we observe a put option sweep with bullish sentiment. It expires in 112 day(s) on December 20, 2024. Parties traded 150 contract(s) at a $60.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $62.2K, with a price of $415.0 per contract. There were 1701 open contracts at this strike prior to today, and today 928 contract(s) were bought and sold. 
• Regarding LC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LC#NYSE">LC</a>), we observe a call option sweep with bearish sentiment. It expires in 504 day(s) on January 16, 2026. Parties traded 253 contract(s) at a $12.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $75.9K, with a price of $300.0 per contract. There were 1373 open contracts at this strike prior to today, and today 854 contract(s) were bought and sold. 
• Regarding CRBG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRBG#NYSE">CRBG</a>), we observe a put option sweep with bearish sentiment. It expires in 21 day(s) on September 20, 2024. Parties traded 403 contract(s) at a $29.00 strike. This particular put needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $26.6K, with a price of $70.0 per contract. There were 1000 open contracts at this strike prior to today, and today 403 contract(s) were bought and sold. 
• For AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we notice a call option sweep that happens to be bearish, expiring in 49 day(s) on October 18, 2024. This event was a transfer of 83 contract(s) at a $270.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $38.1K, with a price of $460.0 per contract. There were 1139 open contracts at this strike prior to today, and today 341 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be bullish, expiring in 112 day(s) on December 20, 2024. This event was a transfer of 29 contract(s) at a $210.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $54.0K, with a price of $1865.0 per contract. There were 1055 open contracts at this strike prior to today, and today 96 contract(s) were bought and sold. 
• For PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we notice a put option trade that happens to be bearish, expiring in 476 day(s) on December 19, 2025. This event was a transfer of 40 contract(s) at a $72.50 strike. The total cost received by the writing party (or parties) was $41.2K, with a price of $1030.0 per contract. There were 215 open contracts at this strike prior to today, and today 81 contract(s) were bought and sold. 
• For GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we notice a call option trade that happens to be bearish, expiring in 49 day(s) on October 18, 2024. This event was a transfer of 44 contract(s) at a $535.00 strike. The total cost received by the writing party (or parties) was $31.0K, with a price of $705.0 per contract. There were 101 open contracts at this strike prior to today, and today 57 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AGNC

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/06/24</td>
<td>$8.00</td>
<td>$34.0K</td>
<td>13.2K</td>
<td>37.5K</td>
</tr>
<tr>
<td>USB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$50.00</td>
<td>$61.2K</td>
<td>1.1K</td>
<td>3.3K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/06/24</td>
<td>$205.00</td>
<td>$156.8K</td>
<td>17.1K</td>
<td>1.3K</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$73.00</td>
<td>$32.0K</td>
<td>1.0K</td>
<td>1.1K</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$65.00</td>
<td>$108.6K</td>
<td>407</td>
<td>1.1K</td>
</tr>
<tr>
<td>IMXI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$22.50</td>
<td>$48.8K</td>
<td>1</td>
<td>888</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$215.00</td>
<td>$39.7K</td>
<td>2.8K</td>
<td>729</td>
</tr>
<tr>
<td>SYF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$48.00</td>
<td>$64.1K</td>
<td>66</td>
<td>461</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$280.00</td>
<td>$1.2 million</td>
<td>2.0K</td>
<td>450</td>
</tr>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/06/24</td>
<td>$40.50</td>
<td>$29.3K</td>
<td>824</td>
<td>442</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on September 6, 2024. Parties traded 1000 contract(s) at a $8.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $34.0K, with a price of $34.0 per contract. There were 13269 open contracts at this strike prior to today, and today 37507 contract(s) were bought and sold. 
• Regarding USB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), we observe a call option sweep with bullish sentiment. It expires in 204 day(s) on March 21, 2025. Parties traded 300 contract(s) at a $50.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $61.2K, with a price of $204.0 per contract. There were 1172 open contracts at this strike prior to today, and today 3302 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option trade with neutral sentiment. It expires in 8 day(s) on September 6, 2024. Parties traded 530 contract(s) at a $205.00 strike. The total cost received by the writing party (or parties) was $156.8K, with a price of $296.0 per contract. There were 17148 open contracts at this strike prior to today, and today 1370 contract(s) were bought and sold. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a put option sweep with bearish sentiment. It expires in 22 day(s) on September 20, 2024. Parties traded 200 contract(s) at a $73.00 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $32.0K, with a price of $160.0 per contract. There were 1021 open contracts at this strike prior to today, and today 1199 contract(s) were bought and sold. 
• For AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we notice a call option sweep that happens to be bearish, expiring in 113 day(s) on December 20, 2024. This event was a transfer of 724 contract(s) at a $65.00 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $108.6K, with a price of $150.0 per contract. There were 407 open contracts at this strike prior to today, and today 1149 contract(s) were bought and sold. 
• Regarding IMXI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMXI#NASDAQ">IMXI</a>), we observe a call option trade with bearish sentiment. It expires in 204 day(s) on March 21, 2025. Parties traded 888 contract(s) at a $22.50 strike. The total cost received by the writing party (or parties) was $48.8K, with a price of $55.0 per contract. There were 1 open contracts at this strike prior to today, and today 888 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a put option trade that happens to be bearish, expiring in 50 day(s) on October 18, 2024. This event was a transfer of 100 contract(s) at a $215.00 strike. The total cost received by the writing party (or parties) was $39.7K, with a price of $397.0 per contract. There were 2858 open contracts at this strike prior to today, and today 729 contract(s) were bought and sold. 
• Regarding SYF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>), we observe a put option sweep with neutral sentiment. It expires in 78 day(s) on November 15, 2024. Parties traded 285 contract(s) at a $48.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $64.1K, with a price of $225.0 per contract. There were 66 open contracts at this strike prior to today, and today 461 contract(s) were bought and sold. 
• Regarding AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we observe a call option trade with neutral sentiment. It expires in 505 day(s) on January 16, 2026. Parties traded 450 contract(s) at a $280.00 strike. The total cost received by the writing party (or parties) was $1.2 million, with a price of $2820.0 per contract. There were 2049 open contracts at this strike prior to today, and today 450 contract(s) were bought and sold. 
• For UPST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>), we notice a call option trade that happens to be bullish, expiring in 8 day(s) on September 6, 2024. This event was a transfer of 58 contract(s) at a $40.50 strike. The total cost received by the writing party (or parties) was $29.3K, with a price of $506.0 per contract. There were 824 open contracts at this strike prior to today, and today 442 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

IMXI

SOFI

Whales with a lot of money to spend have taken a noticeably bullish stance on American Express.
Looking at options history for American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) we detected 24 trades.
If we consider the specifics of each trade, it is accurate to state that 58% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $261,030 and 19, calls, for a total amount of $4,508,729.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $240.0 to $320.0 for American Express during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for American Express's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across American Express's significant trades, within a strike price range of $240.0 to $320.0, over the past month.
<h3>American Express Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724951778_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$15.1</td>
<td>$14.4</td>
<td>$15.0</td>
<td>$320.00</td>
<td>$2.3M</td>
<td>46.5K</td>
<td>1.7K</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$32.95</td>
<td>$32.05</td>
<td>$32.5</td>
<td>$270.00</td>
<td>$487.5K</td>
<td>136</td>
<td>150</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$38.45</td>
<td>$36.5</td>
<td>$37.05</td>
<td>$260.00</td>
<td>$222.3K</td>
<td>1.7K</td>
<td>60</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$10.45</td>
<td>$10.25</td>
<td>$10.45</td>
<td>$290.00</td>
<td>$158.8K</td>
<td>384</td>
<td>160</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$15.0</td>
<td>$14.65</td>
<td>$15.0</td>
<td>$320.00</td>
<td>$135.0K</td>
<td>46.5K</td>
<td>1.8K</td>
</tr>
</tbody>
</table>

<h3>About American Express</h3>
American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.
After a thorough review of the options trading surrounding American Express, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is American Express Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 995,428, with AXP's price up by 1.41%, positioned at $260.71.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 50 days.</li>
</ul>
<h3>What The Experts Say On American Express</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $263.0.
<ul>
<li>An analyst from B of A Securities downgraded its action to Neutral with a price target of $263. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest American Express options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

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