BofA Reduces American Express (AXP) Price Target During Consumer Finance Review

American Express Company (NYSE:AXP) is included among the 14 Best American Dividend Stocks to Invest in.

BofA Reduces American Express (AXP) Price Target During Consumer Finance Review

On March 9, BofA lowered its price recommendation on American Express Company (NYSE:AXP) to $382 from $420. It reiterated a Buy rating on the shares. The firm said the change reflects adjustments across several consumer finance stocks as it factors in a more uncertain macro outlook and lower market multiples.

A few days earlier, on March 2, the Board of Directors of American Express approved an increase in the quarterly dividend on the company’s common shares. The increase amounts to $0.13, or 16%, and aligns with the planned dividend raise outlined in the company’s fourth-quarter 2025 earnings release. The quarterly dividend now stands at $0.95 per common share, up from $0.82.

American Express Company (NYSE:AXP) operates as a global payments and premium lifestyle brand supported by technology. Its card-issuing, merchant-acquiring, and card network businesses provide products and services to a wide range of customers, including consumers, small businesses, mid-sized companies, and large corporations around the world.

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