American Express-AmEx (AXP) Q4 Earnings Miss on High Client Engagement Costs

American Express Company (AXP) reported fourth-quarter 2023 earnings per share (EPS) of $2.62, which missed the Zacks Consensus Estimate by 1.1%. Nevertheless, the bottom line climbed 27% year over year.Total revenues net of interest expense amounted to$ 15.8 billion, which improved 11% year over year in the quarter under review. However, the top line missed the Zacks Consensus Estimate by 1.4%.The quarterly results suffered due to escalating customer engagement and compensation expenses. Nevertheless, the ...