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

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 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 Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative 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 Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative 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 Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative 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 Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.