American Express Company (NYSE:AXP) shares have struggled this year, falling by more than 8% so far. However, recently analysts at Citigroup issued a bullish note on the company. According to Citigroup’s Donald Fandetti, American Express has the potential to achieve its 2017 profit targets in a “clean manner”, although the analyst believes that the company will have to show revenue growth improvement in order to drive significant multiple expansion. The analyst currently has a ‘Buy’ rating on the stock and a $70 price target. During the second quarter, the number of funds from our database long American Express Company (NYSE:AXP) declined to 48 from 52, but the total value of their holdings slightly advanced to $12.59 billion from $12.55 billion.
Discover Financial Services (NYSE:DFS)’s stock currently sports a healthy dividend yield of 2.08% and has generated decent returns, trading 7.60% in the green year-to-date and outperforming the broader market. Discover Financial Services is scheduled to release its third-quarter results on October 18 and analysts expect it to report EPS of $1.63. The number of funds from our database long Discover Financial Services inched down by two to 36, while the aggregate value of their positions slid to $944.15 million from $1.08 billion during the second quarter.