funky-data Recap American Express (NYSE:AXP) reported strong earnings on Friday, with revenue of $15.8B growing 11% year-on-year and EPS of $3.33 growing a substantial 39%. The stock jumped over 6% as investors were satisfied that management's 2024 guidance was on-track, and consumer credit remains healthy. The reassuring consistency and stability of AXP, stood in contrast to the bloodshed Friday in names such as NVIDIA (NASDAQ:NVDA), and Super Micro Computer (NASDAQ:SMCI). The confidence surge in AXP r ...

Every stock market downturn tests the resolve of long-term investors. It’s possible to endure several consecutive days of losses. If you don’t like the idea of holding onto a growth stock that goes through sharp peaks and valleys, you may want to stick with investments that offer more stability.The best stocks during market downturns tend to have reasonable valuations and offer essential products and services. People can trim their costs on luxuries like fancy cars and travel, but people still have to buy f ...

Retail stocks can be a good place to allocate capital during times of market volatility such as now. This is especially true when the economy is going strong, which is the case currently. The International Monetary Fund (IMF) just upgraded its forecast for U.S. economic growth this year to an annualized 2.7%, which is 0.6 percentage points higher than it predicted in January of this year. The IMF went so far as to refer to the American economy as “overheated.” “The strong recent performance of the United St ...

There are some hot deals on some of Buffett's favorite stocks.Many consider Warren Buffett the world's greatest long-term investor, so it's a ringing endorsement for any stock he holds in his portfolio. Investors can follow Buffett's picks via his holding company, Berkshire Hathaway. The company's massive portfolio is worth hundreds of billions of dollars and holds dozens of stocks.Investors should always do their homework and make their own buying and selling choices, but Berkshire's portfolio is a great s ...

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 ...