BofA Reduces American Express (AXP) Price Target During Consumer Finance Review

American Express Company (NYSE:AXP) is included among the 14 Best American Dividend Stocks to Invest in.

On March 9, BofA lowered its price recommendation on American Express Company (NYSE:AXP) to $382 from $420. It reiterated a Buy rating on the shares. The firm said the change reflects adjustments across several consumer finance stocks as it factors in a more uncertain macro outlook and lower market multiples.

A few days earlier, on March 2, the Board of Directors of American Express approved an increase in the quarterly dividend on the company’s common shares. The increase amounts to $0.13, or 16%, and aligns with the planned dividend raise outlined in the company’s fourth-quarter 2025 earnings release. The quarterly dividend now stands at $0.95 per common share, up from $0.82.

American Express Company (NYSE:AXP) operates as a global payments and premium lifestyle brand supported by technology. Its card-issuing, merchant-acquiring, and card network businesses provide products and services to a wide range of customers, including consumers, small businesses, mid-sized companies, and large corporations around the world.

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