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American Express Falls as Investors Weigh Mixed Q3 Takeaways and Job Cuts

Investivoq PriceTracker

American Express (AXP) is down 3.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to a mixed reaction to third-quarter results. Profit and full-year earnings guidance improved, but the revenue result was only roughly in line with expectations, and the company also disclosed a 5% workforce reduction and restructuring actions that may have kept investors cautious.

Details:

  • American Express reported third-quarter revenue of about $20.1 billion, up 9% from a year earlier, while billed business rose 8% to $454.0 billion.
  • GAAP EPS was $5.42 and adjusted EPS was $4.68; the adjusted figure excludes a gain tied to the sale of its Global Business Travel Group stake and offsets related restructuring costs.
  • The company raised its 2026 adjusted EPS outlook to $17.60 to $17.90, signaling confidence in spending, card-fee growth, and credit trends.
  • Management said it cut roughly 5% of its workforce, or about 4,000 employees, as part of efficiency efforts, which may have shifted attention toward expenses and execution risk rather than the earnings beat.

    • Sources:

    SEC, American Express, AP News

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $AXP Insider Trading Activity

    AXP Insider Trades

    $AXP insiders have traded $AXP stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

    Here’s a breakdown of recent trading of $AXP stock by insiders over the last 6 months:

    • MONIQUE HERENA (Chief Colleague Exp. Officer) sold 8,811 shares for an estimated $2,972,919

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $AXP Hedge Fund Activity

    We have seen 1,354 institutional investors add shares of $AXP stock to their portfolio, and 1,250 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • JPMORGAN CHASE & CO added 20,459,941 shares (+inf%) to their portfolio in Q2 2026, for an estimated $6,920,575,043
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 3,888,106 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,315,151,854
    • FMR LLC removed 3,257,444 shares (-35.2%) from their portfolio in Q2 2026, for an estimated $1,101,830,433
    • CAPITAL RESEARCH GLOBAL INVESTORS removed 2,428,907 shares (-76.6%) from their portfolio in Q2 2026, for an estimated $821,577,792
    • D. E. SHAW & CO., INC. added 1,534,565 shares (+3369.9%) to their portfolio in Q2 2026, for an estimated $519,066,611
    • NORGES BANK added 1,324,927 shares (+19.9%) to their portfolio in Q2 2026, for an estimated $448,156,557
    • MARSHALL WACE, LLP added 1,303,120 shares (+1033.9%) to their portfolio in Q2 2026, for an estimated $440,780,340

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $AXP Congressional Stock Trading

    Members of Congress have traded $AXP stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

    Here’s a breakdown of recent trading of $AXP stock by members of Congress over the last 6 months:

    • REPRESENTATIVE RICK W. ALLEN purchased up to $15,000 on 05/08.

    To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

    $AXP Price Targets

    Multiple analysts have issued price targets for $AXP recently. We have seen 10 analysts offer price targets for $AXP in the last 6 months, with a median target of $383.0.

    Here are some recent targets:

    • Kenneth Bruce from B of A Securities set a target price of $391.0 on 07/09/2026
    • Terry Ma from Barclays set a target price of $364.0 on 07/07/2026
    • Moshe Orenbuch from TD Cowen set a target price of $338.0 on 07/07/2026
    • Erika Najarian from UBS set a target price of $386.0 on 07/07/2026
    • John Pancari from Evercore ISI Group set a target price of $380.0 on 07/06/2026
    • Vincent Caintic from BTIG set a target price of $324.0 on 06/30/2026
    • Bill Carcache from Piper Sandler set a target price of $396.0 on 06/30/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.