PREVIEW: AmEx earnings, revenue expected to rise in Q2

American Express AXP.N shares up 1.1% at $315.3 Thurs ahead of Q2 earnings due before the opening bell on Fri

The global payments company is expected to report adj. EPS of $3.89 on revenue of $17.71 bln, pre LSEG data, vs yr-ago results of $3.49 per share and $16.33 bln

AXP has met or beaten EPS estimates in seven of past eight quarters, with most recent miss in Q4 2023

Of the 31 analysts that cover AXP, the breakdown of recommendations is 11 "strong buy" or "buy," 19 "hold" and 1 "strong sell" rating

Median price target of $320 is up from $285 on June 17; RBC raised its price target to $360 from $310 earlier this week

AXP shares up ~6% YTD vs ~5% rise in Dow Industrials .DJI

AXP options imply a 3.6% swing for the shares, in either direction, on Fri, according to options analytics service ORATS; over the last 12 qtrs, on average, AXP shares moved 3.8%, on the day the co reported results; AXP has fallen on its reported earnings day in the last four quarters