American Express shares fall nearly 4% as network volume misses and selling pressure persists

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American express slides 3.64% today

Highlights

American Express posted Q3 2026 earnings of $4.68 per share on revenue of $20.06 billion, surpassing analyst forecasts.
Guidance for 2026 earnings per share was raised, with plans for a 5% workforce reduction and a $0.95 dividend declared.
Shares of American Express fell 3.64% to $313.32 with short-term technicals mixed, and a forecasted range of $301.57 to $320.78 for the next five trading days.

Raised outlook offset by workforce cuts and persistent selling pressure

American Express reported Q3 2026 earnings of $4.68 per share, exceeding analyst expectations on revenue of $20.06 billion, driven by higher card spending. The company raised its 2026 earnings per share guidance and kept its revenue outlook unchanged. Increased customer engagement costs and network volume falling short of estimates were reported, along with a 5% reduction in global workforce and the declaration of a $0.95 per share quarterly dividend. These developments occurred as price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, sees American Express under clear pressure after network volumes missed expectations, even as earnings and guidance surpassed forecasts. He notes the 3.64% downside gap and persistent bearish signals, with the stock failing to regain ground above key moving averages. Heightened customer engagement costs, a reduced workforce, and lackluster volume point to structural weaknesses. He finds little near-term technical strength except for limited support, with bearish momentum likely to persist. "Current trends raise red flags for bulls, and I advise defensive positioning unless the price reclaims levels above $320.78," Kharitonov warns.

Viktoras Karapetjanc, expert at Traders Union, highlights the strong fundamentals behind American Express despite recent selling. He sees upside in raised earnings guidance and resilient revenue growth, reflecting robust card spending and proactive cost management. The company’s decision to maintain its dividend and execute workforce optimization supports a bullish structure. In his view, the stock offers long-term value as broader trends remain constructive. "American Express continues to demonstrate durable growth levers, so I expect further upside once momentum turns," Karapetjanc emphasizes.

Parshwa Turakhiya, analyst, views AXP’s current setup as a battleground for sentiment and technical forces. The price sitting just above short-term support at $311.79, with nearest resistance at $313.33, indicates the potential for sharp swings. Volatility and recent negative news have shaken confidence, but price action suggests a possible rebound if bulls reclaim $320.78. He believes traders should watch for momentum shifts around these key levels. "There’s a window for quick, sentiment-driven trades here — risk control is essential while waiting for confirmed direction," Turakhiya notes.

Short-term resilience limited as long-term averages cap upside

AXP is currently trading above its MA-20 level of $309.85, but remains below the MA-50 at $319.8 and the MA-200 at $327.63. This technical setup signals recent short-term strength, yet highlights medium- and longer-term weakness. Nearest resistance stands at $313.33, with immediate support found at $311.79. The overall trend remains bearish, as the longer-term moving averages cap sustained upside.

Earlier, analysts noted that American Express was exhibiting ongoing negative momentum amid mixed financial results and workforce restructuring. The latest quarterly data reinforces this cautious outlook, with heightened attention now warranted on whether the stock can sustain support above $301.57 or risk renewed downside if bearish trends persist.

Source of Data: AXP Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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