American Express Company (NYSE:AXP) shares were up 0.56% on Monday when approximately 5.34M shares were traded, against the average daily trading volume of 4.52M. Analysts at Credit Agricole recently upgraded the stock to Underperform from Buy. American Express Company (NYSE:AXP) has a consensus buy rating, according to Zacks Investment Research. 6 analyst has rated the stock with a sell rating, 10 have assigned a hold rating, Zero says it’s a buy, and 6 have assigned a strong buy rating to the company.
Analysts have a consensus target price of $80.16 in the 12-month period. The price objective is 3.73% higher than the recent closing price of $77.28. The 52-week price range is $49.32-$78.02 and the company has a market capitalization of $70.73 billion.
American Express Company (AXP) on December 12, 2016 announced a new Add a Card feature for the Amex bot for Messenger. This feature helps enable eligible U.S. Consumer and OPEN Card Members to add their Card and billing information to Facebook for purchases on Facebook. After adding a Card to their Facebook accounts, Card Members can easily make in-game purchases, purchases on the Shop sections of business’ Facebook pages and participate in Messenger commerce experiences.
“This most recent step in our long relationship with Facebook demonstrates just how quickly American Express can iterate new features and develop innovation with great partners,” said Dave Wolf, vice president, Digital Partnerships & Development, American Express. “The speed of our tech development continues to allow us to meet our Card Members where they are, and we look forward to the additional benefits we can deliver to Card Members on this powerful channel.”
“This new feature comes as Facebook and Messenger introduce new commerce initiatives,” said Kahina Van Dyke, Facebook’s Director of Global Commerce and Payments Partnerships. “We’ve seen commerce play an increasing role in how people interact with one another and we’re excited to see our partners at AMEX continue to create new ways to enable people to make seamless purchases with this new Add a Card feature.”
American Express has worked closely with Facebook to ensure that Card Member account data is provided to Facebook via the Amex bot for Messenger in a safe and secure manner.
