The biggest economic print in a week full of them came out this Friday morning, Personal Consumption Expenditures (PCE), the Fed’s self-proclaimed preferred inflation metric, came in-line on month over month headline for December: +0.2%, jumping from -0.1% posted the previous month. It’s also the first positive month-over-month read since September of 2023. Year over year PCE headline also came in-line at +2.6% — flat from the previous month, and continuing the lowest levels of PCE inflation since February ...

For the quarter ended December 2023, American Express (AXP) reported revenue of $15.8 billion, up 11.5% over the same period last year. EPS came in at $2.62, compared to $2.07 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $16.03 billion, representing a surprise of -1.43%. The company delivered an EPS surprise of -1.13%, with the consensus EPS estimate being $2.65.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

American Express Company (NYSE: AXP) is trading up in premarket on Friday even though it reported fourth-quarter earnings that came in slightly shy of Street estimates. American Express lifts quarterly divdendCopy link to sectionThe financial services company noted a 40% annualised increase in its provisions for credit losses in the recently concluded quarter to $1.4 billion that suggests a continued increase in net write-offs. Net reserve build, on the other hand, stood at $400 million versus $492 million ...

American Express Co. saw net write-offs increase in the latest quarter relative to a year before, but the company on Friday still came in ahead of Wall Street expectations with its financial forecasts for 2024. Total revenue net of interest expense came in at $15.8 billion, up 11% from the $14.2 billion that Amex AXP, +1.21% reported a year prior. Analysts had been looking for $16.0 billion. Amex’s billed business was up 6% to $379.8 billion. “We continued to drive strong customer engagement, and deman ...

NEW YORK--(BUSINESS WIRE)--American Express Company (NYSE: AXP): ($ in millions, except per share amounts, and where indicated) Quarters Ended December 31, Percentage Inc/(Dec)   Years Ended December 31,  Percentage Inc/(Dec) 2023 2022 2023 2022 Billed Business (Billions) $379.8 $357.4 6% $1,459.6 $1,338.3 9% Total Revenues Net of Interest Expense $15,799 $14,176 11% $60,515 $52,862 14% FX-adjusted1   $14,225 ...

Investors with an interest in Financial - Miscellaneous Services stocks have likely encountered both American Express (AXP) and Brookfield Asset Management (BAM) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive es ...

NEW YORK--(BUSINESS WIRE)--The Board of Directors of American Express Company (NYSE: AXP) declared a quarterly dividend on the Company’s 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D, of $8,973.61 per share (which is equivalent to $8.97361 per related Depositary Share). The dividend is payable on March 15, 2024 to shareholders of record on March 1, 2024. ABOUT AMERICAN EXPRESS American Express is a globally integrated payments company, providing customers with access to products, insig ...

American Express Company (AXP) is set to report its fourth-quarter 2023 results on Jan 26, before the opening bell.What Do the Estimates Say?The Zacks Consensus Estimate for fourth-quarter earnings per share of $2.65 suggests a 28% increase from the prior-year figure of $2.07. The consensus mark remained stable over the past week. The consensus estimate for fourth-quarter revenues of $16 billion indicates a 13.1% jump from the year-ago reported figure.American Express beat the consensus estimate for earning ...

Wall Street analysts forecast that American Express (AXP) will report quarterly earnings of $2.65 per share in its upcoming release, pointing to a year-over-year increase of 28%. It is anticipated that revenues will amount to $16.03 billion, exhibiting an increase of 13.1% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 2.8% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their ini ...

Based on his impressive track record during the past few decades, Warren Buffett is a source of inspiration when it comes to investment ideas. Take a peek through Berkshire Hathaway's massive portfolio, and you'll find some dominant companies.The third largest holding is American Express (AXP 1.00%). The conglomerate owns almost 21% of the shares outstanding in this top financial company. But before you rush to follow in the Oracle of Omaha's footsteps and buy the stock, here are three things you need to kn ...