American Express -1.1% as analyst says court ruling may lead to EPS decline

|About: American Express Company (AXP)|By:, SA News Editor

American Express (NYSE:AXP) -1.1% after Susquehanna analyst James Friedman says the credit-card company could face a 6.6% decline in EPS, a 1.9% drop in revenue, and volume down 2.7% if the Supreme Court decides that AXP can't prohibit merchants from directing customers to cheaper payment options, according to a Bloomberg report.

Friedman sees the ruling occurring either on June 11 or 18, or the week of June 25-29.

Previously: American Express may have 20%+ upside by end of 2019: Nomura analyst (June 5)