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American Express shares slip despite earnings beat as revenue falls short of forecasts
InvestorsHub63d agobearish
American Express shares slip despite earnings beat as revenue falls short of forecasts

American Express (NYSE:AXP) shares declined more than 2% in premarket trading on Friday after the financial services company reported second-quarter earnings that exceeded analyst expectations, while revenue came in slightly below market forecasts. Although the company delivered higher profits and raised its full-year revenue growth outlook, investors focused on the modest revenue miss following the quarterly release.

Analyst cuts Coinbase price target 40% ahead of Q2 earnings
TheStreet63d agobearish
Analyst cuts Coinbase price target 40% ahead of Q2 earnings

On July 23, Citi lowered its target to $235 from $400, a roughly 41% reduction, while reiterating its Buy rating. The move follows a similar downgrade from JPMorgan on July 17, which cut its target to $196 from $283 while keeping an Overweight rating. Coinbase is scheduled to report Q2 ...