American Express Reclassifies $1.6 Billion in Loans

American Express ( (AXP) ) has issued an announcement.

In a recent announcement, American Express reported delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member loans for March, April, and May 2025. Notably, effective June 1, 2025, the company reclassified approximately $1.6 billion in loans related to its Amazon small business cobrand portfolio as held for sale, impacting how these loans are reported in future financial statements. This reclassification could influence the company’s financial metrics and stakeholder perceptions, as it adjusts its balance sheet and loan portfolio management strategies.

The most recent analyst rating on (AXP) stock is a Hold with a $290.00 price target. To see the full list of analyst forecasts on American Express stock, see the AXP Stock Forecast page.

Spark’s Take on AXP Stock

According to Spark, TipRanks’ AI Analyst, AXP is a Outperform.

American Express has a strong financial foundation with robust revenue and profit growth backed by efficient cash flow management. The technical analysis indicates short-term caution, and the valuation suggests a fair price compared to peers. Positive earnings call and corporate events further support the company’s future growth prospects despite macroeconomic uncertainties.

To see Spark’s full report on AXP stock, click here.

More about American Express

American Express Company operates in the financial services industry, primarily offering credit card products and services. The company focuses on both consumer and small business markets, providing a range of card member loans.

Average Trading Volume: 3,176,614

Technical Sentiment Signal: Strong Buy

Current Market Cap: $201.6B

For detailed information about AXP stock, go to TipRanks’ Stock Analysis page.