Mechanics Bank Trust Department reduced stake in American Express, while other investors increased holdings; Q4 earnings at $2.62/share missed analyst estimates by $0.02.
Mechanics Bank Trust Department reduced its stake in American Express (NYSE:AXP) by 5.5% during the fourth quarter, while other institutional investors such as Orion Portfolio Solutions, Strategy Asset Managers, Cozad Asset Management, Summit Financial, and Sunburst Financial Group increased their holdings. American Express reported Q4 earnings of $2.62 per share, missing analyst estimates by $0.02, with revenue of $15.80 billion. The company has a consensus rating of "Hold" and an average target price of $189.00.
March 19, 2024
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