We are in the initial stage of the first-quarter 2024 earnings season, and the results are so far in line with expectations. As of Apr 17, 48 companies on the S&P 500 Index have reported their financial numbers. Total earnings for these 48 index members are up 9.5% from the same period last year on 4.5% higher revenues, with 77.1% beating EPS estimates and 64.6% beating revenue estimates.At present, total earnings of the S&P 500 Index in first-quarter 2024 are expected to be up 2.9% on 3.8% higher revenues. ...

The pair both declared substantial improvements to their shareholder payouts.Within a space of two weeks, a pair of the most powerful American financial companies upped their shareholder payouts. These weren't token raises, either, with the more-modest raiser of the two hiking its dividend by almost 10%.There's nothing like getting passively richer from one of our investments. Here's a closer look at the latest dividend raises from finance sector powerhouses JPMorgan Chase (JPM -1.14%) and American Express ...

The financial services scene finds itself in a predicament these day.Traditional heavyweights like big banks face a wide range of financial technology companies seeking to expand their financial service offerings. In fact, tech-leveraging firms have been trying to disrupt banking for quite some time now. But they have enjoyed limited success going against the financial heavyweight champs. With the rise of generative and predictive artificial intelligence (AI), perhaps fintech companies may finally have a wi ...

American Express Company (AXP) is set to report its first-quarter 2024 results on Apr 19, before the opening bell.What Do the Estimates Say?The Zacks Consensus Estimate for first-quarter earnings per share of $3 suggests a 25% increase from the prior-year figure of $2.40. The consensus mark increased by a penny over the past week. The consensus estimate for first-quarter revenues of $15.8 billion indicates a 10.3% jump from the year-ago reported figure.American Express beat the consensus estimate for earnin ...

The upcoming report from American Express (AXP) is expected to reveal quarterly earnings of $3 per share, indicating an increase of 25% compared to the year-ago period. Analysts forecast revenues of $15.75 billion, representing an increase of 10.3% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a c ...

Investing in underrated stocks can offer a higher margin of safety. These stocks can weather economic uncertainty and stock market volatility better than many corporations. While the current valuation is useful for determining if a stock is undervalued, it doesn’t tell the entire story. Also, bargain stocks offer compelling growth opportunities relative to their valuations. A low P/E ratio doesn’t matter if the corporation is losing market share and generating substantial losses. Therefore, investors lookin ...

Kardd/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Further conflict could boost oil prices and keep U.S. inflation high. (0:16) Netflix highlights earnings this week. (2:57) Piper Sandler picks Triple Select Stocks. (3:30) The following is an abridged transcript: Geopolitics will be top of mind for the markets this week following the missile and drone attack by Iran on Israel. Stocks in Israel showed resilience The Tel Aviv benchmark TA-35 rose +0.3%. An "attack fro ...

Investors seeking guidance often find themselves looking for the best Warren Buffett stocks to buy. The legendary ‘’Oracle of Omaha’’ is renowned for his investment philosophy on value, long-term potential and durable businesses. His holding company, Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B), has a portfolio packed with stocks that are the epitome of this mantra. By analyzing his core holdings and recent adjustments, investors can gain a deeper insight into his investment strategy. As the market grapples ...

American Express (AXP) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 1 ...

After a strong start to the year, the stock market is showing some signs of resistance. The S&P 500 only inched up by 3% in March while the Nasdaq 100 is only up by 1%. The Federal Reserve put investors on notice by announcing that rate cuts aren’t the forgone conclusion that market participants had anticipated. This backdrop forms my list of blue-chip stocks to buy.Stocks sold off on the news, including many blue-chip stocks. Sell-offs create long-term opportunities for patient investors. A bounce back is ...