American Express missed earnings expectations in Q3 2026, reporting a loss of $11.85 per share despite strong institutional buying and solid financial metrics.

American Express reported a significant earnings miss in the third quarter, posting a loss of $11.85 per share versus a $3.56 estimate, with revenue of $17.14 billion below the $18.91 billion forecast. Despite the shortfall, institutional investors including Mn Services Vermogensbeheer B.V. and UniSuper Management Pty Ltd increased their stakes, while Resona Asset Management reduced its holding. The company maintains a strong market position with a $249.2 billion market cap, a 33.41% return on equity, and a $0.82 quarterly dividend. Analysts rate the stock a "Hold" with a target price of $353.95.