** American Express AXP.N shares up 1.1% at $315.3 Thurs ahead of Q2 earnings due before the opening bell on Fri
** The global payments company is expected to report adj. EPS of $3.89 on revenue of $17.71 bln, pre LSEG data, vs yr-ago results of $3.49 per share and $16.33 bln
** AXP has met or beaten EPS estimates in seven of past eight quarters, with most recent miss in Q4 2023
** Of the 31 analysts that cover AXP, the breakdown of recommendations is 11 "strong buy" or "buy," 19 "hold" and 1 "strong sell" rating
** Median price target of $320 is up from $285 on June 17; RBC raised its price target to $360 from $310 earlier this week
** AXP shares up ~6% YTD vs ~5% rise in Dow Industrials .DJI
** AXP options imply a 3.6% swing for the shares, in either direction, on Fri, according to options analytics service ORATS; over the last 12 qtrs, on average, AXP shares moved 3.8%, on the day the co reported results; AXP has fallen on its reported earnings day in the last four quarters
(Reporting by Chuck Mikolajczak, additional reporting by Saqib Ahmed)
((charles.mikolajczak@tr.com; @chuckmik.bsky.social))
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