American Express Surges 1.72% in $1.099 Billion Trading Day, Ranked 73rd as Bank of America Upgrades to Buy

On April 11, 2025, American Express (AXP) saw a trading volume of $1.099 billion, ranking 73rd in the day's stock market activity. The stock price increased by 1.72%.

Bank of America analysts upgraded American Express stock, highlighting the company's resilience in economic downturns or recessions. This upgrade reflects the analysts' confidence in American Express's ability to maintain stability and performance during challenging economic conditions.

The upgrade from Bank of America comes as the company's strong management and high-income customer base are seen as key strengths. Despite slowing growth and potential tariff risks, American Express is positioned to weather market uncertainties effectively.

Bank of America's upgrade to a "Buy" rating from "Neutral" is accompanied by a price target adjustment to $274 from $325. This move underscores the analysts' belief in the company's long-term prospects, despite the current market volatility.