American Express Company (AXP) reported first-quarter 2024 earnings per share (EPS) of $3.33, which beat the Zacks Consensus Estimate by 12.1%. The bottom line climbed 38.8% year over year.Total revenues net of interest expense amounted to $15.8 billion, which beat the Zacks Consensus Estimate by 0.3%. The top line improved 10.6% year over year in the quarter under review.The strong-quarterly results benefited from improved net interest income and growth in the customer base of Millennials and Gen-Z, drivin ...

A strong quarter provides reassurance the lender is navigating the credit cycle well.American Express (AXP 4.60%) easily surpassed expectations in the first quarter and is guiding for full-year earnings above what Wall Street expected. Investors are buying in, sending shares of Amex up 4% as of 11 a.m. Eastern.Broad strength across all generationsInvestors are watching bank stock earnings closely this quarter, looking for signs that higher rates are causing credit quality, and earnings, to deteriorate. Amer ...

American Express Company (NYSE:AXP) Q1 2024 Earnings Conference Call April 19, 2024 8:30 AM ET Company Participants Kartik Ramachandran - Head of Investor Relations Stephen Squeri - Chairman and Chief Executive Officer Christophe Le Caillec - Chief Financial Officer Conference Call Participants Sanjay Sakhrani - KBW Mihir Bhatia - Bank of America Mark DeVries - Deutsche Bank Craig Maurer - FT Partners John Hecht - Jefferies Jeffrey Adelson - Morgan Stanley Richard Shane - JPMorgan Bill Carcache - Wolfe Rese ...

Pre-market futures are down at this hour, but much better than earlier. Last night, reports that Israel’s military had retaliated against Iran’s thwarted missile attack — an unprecedented event, by the way: never before had Iran launched an offensive on its long-time regional rival Israel — in a move many domestic news pundits are worried may foment greater aggression in the region, and opposed to the wishes of the White House. The retaliation now appears to have been narrow and contained, so this morning w ...

智通财经APP获悉，周五，美国运通(AXP.US)股价走高，截至发稿，该股涨超4%，报226.255美元。该公司Q1营收为158亿美元，同比增长11%，好于市场预期的157.7亿美元;净利润达到24.4亿美元，同比增长34%，超过了预期;每股收益为3.33美元，也好于市场预期。该公司的信用卡消费增长了6%，达到3670亿美元，略高于市场预期的3660亿美元。美国运通仍预计全年营收将比2023年增长至多11%。 ...

Younger, affluent consumers are showing notable resilience when it comes to spending on experiences and travel — and using their credit cards to do so.To that end, Amex said Friday (April 19) that the majority of its account openings have been from Gen Z and millennial consumers.U.S. consumer billed business, which represents cardmember spending tied to transactions and card advances, was up 8% year on year, to $153 billion in the first quarter. Spending on goods and services grew by 8% and on travel and en ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ____ to ____ Commission file number 1-7657 AMERICAN EXPRESS COMPANY (Exact name of registrant as specified in its charter) New York 13-4922250 (State o ...

EXHIBIT 99.2 American Express Company (Preliminary) Consolidated Statements of Income (Millions, except percentages and per share amounts) YOY % Q1'24 Q4'23 Q3'23 Q2'23 Q1'23 change Non-interest revenues Discount revenue $ 8,380 $ 8,580 $ 8,408 $ 8,481 $ 7,947 5 Net card fees 1,974 1,907 1,846 1,789 1,713 15 Service fees and other revenue 1,292 1,294 1,261 1,232 1,218 6 Processed revenue 386 414 424 447 420 (8) Total non-interest revenues 12,032 12,195 11,939 11,949 11,298 6 Interest income Interest on loan ...

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Investors are always looking for stocks that are poised to beat at earnings season and American Express Company (AXP) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because American Express is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a ...