New York, Feb 7, 2026, 16:06 (EST) — The market is now closed.
- American Express finished Friday’s session higher, with shares rising 1.28% to $359.15.
- Investors are getting a closer look this week, thanks to a just-filed Form 10-K annual report.
- A top executive has reported exercising stock options and selling shares, according to a Form 4 filing.
American Express (AXP) closed up 1.28% at $359.15 on Friday, stretching its winning streak to three sessions as U.S. equities surged heading into the weekend. The S&P 500 added 1.97% and the Dow jumped 2.47%. Volume on AXP hit roughly 3.3 million shares—beating the 50-day average—but shares are still 7.31% off the 52-week high. MarketWatch
Markets are closed Saturday, giving investors a chance to dive into American Express’ newly filed annual report. The company submitted its Form 10-K to the U.S. Securities and Exchange Commission on Feb. 6, covering financials for the year ended Dec. 31, 2025. SEC
The 10-K’s the spot for all the granular details: audited results, risk language, management’s take on credit and spending. Once earnings season wraps, this filing can flip the script—what investors thought they heard on the call, or brushed off as “one-off,” sometimes gets a rewrite here.
Traders might notice insider moves here. Anna Marrs—group president of Global Merchant and Network Services—exercised options and sold 27,425 shares on Feb. 5, pulling in a weighted average price near $350.01, according to a Form 4. (That’s the document insiders submit for stock transactions.) SEC
Still, American Express’ premium strategy isn’t without complications. Following January’s earnings, CFO Christophe Le Caillec told Reuters, “We’re not projecting any discontinuity,” but also pushed back against the proposed 10% credit card interest rate cap, arguing, “we just don’t think that the proposed cap would accomplish that goal.” The company is guiding for 2026 earnings per share between $17.30 and $17.90 with revenue growth in the 9% to 10% range. Truist analysts pointed out that the Platinum refresh increased costs, but didn’t translate into a clear rise in new accounts. Reuters
AXP tends to trade alongside other major financials, yet it’s got a distinct setup. American Express uses a closed-loop system, acting as both card issuer and network operator. That means shifts in billed business, credit losses, or marketing expenses can impact it in ways unlike Visa or Mastercard, who mostly just handle the payment rails.
Looking to Monday’s open, investors are eyeing whether Friday’s widespread risk appetite sticks around—and if the 10-K shifts sentiment on credit or costs. High rates plus weaker consumer data could put the premium-spend story under real pressure in a hurry.
Option-related insider selling happens all the time—on its own, it’s not much of a signal. Even so, it can muddy the waters for a stock that tends to react sharply to rumors about slowing travel or dining outlays, or talk of higher charge-offs.
Investors are eyeing Tuesday, when American Express management is scheduled for the UBS Financial Services Conference. The event kicks off Feb. 10 at 1:00 p.m. ET, and both a live webcast and a replay will be posted on the company’s investor relations site. ir.americanexpress.com
