Analysts Offer Insights on Financial Companies: Signature Bank (NASDAQ: SBNY) and American Express (NYSE: AXP)

By Austin Angelo

Analysts fell to the sidelines weighing in on Signature Bank (NASDAQ: SBNY) and American Express (NYSE: AXP) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Signature Bank (NASDAQ: SBNY)

In a report released yesterday, Lana Chan from BMO Capital reiterated a Hold rating on Signature Bank (NASDAQ: SBNY), with a price target of $165. The company’s shares closed yesterday at $139.14.

According to TipRanks.com, Chan is a 5-star analyst with an average return of 13.9% and a 74.4% success rate. Chan covers the Financial sector, focusing on stocks such as Westamerica Bancorporation, Huntington Bancshares Inc, and Cathay General Bancorp.

Signature Bank has an analyst consensus of Strong Buy, with a price target consensus of $174.

American Express (NYSE: AXP)

BMO Capital analyst James Fotheringham reiterated a Hold rating on American Express (NYSE: AXP) yesterday and set a price target of $84. The company’s shares closed yesterday at $75.55.

According to TipRanks.com, Fotheringham is a 5-star analyst with an average return of 11.9% and a 77.1% success rate. Fotheringham covers the Financial sector, focusing on stocks such as Discover Financial Services, Goldman Sachs Group Inc, and Apollo Investment Corp.

American Express has an analyst consensus of Hold, with a price target consensus of $81.57.

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