Shares of integrated payments company American Express (AXP 7.10%) jumped on Friday following its fourth-quarter earnings report. In total, the stock rose about 7%. Given the report's strength, it's unsurprising to see shares rising sharply. The update and earnings call for the quarter included promising metrics and upbeat commentary from management about the future.Here are five things likely behind investors' bullishness for American Express shares.1. Strong top-line momentumWith a bull market underway de ...

American Express Company (NYSE:AXP) Q4 2023 Earnings Conference Call January 26, 2024 8:30 AM ET Company Participants Kartik Ramachandran - Head of Investor Relations Steve Squeri - Chairman and Chief Executive Officer Christophe Le Caillec - Chief Financial Officer Conference Call Participants Don Fandetti - Wells Fargo Ryan Nash - Goldman Sachs Mark DeVries - Deutsche Bank Bill Carcache - Wolfe Research Jeff Adelson - Morgan Stanley Rick Shane - JPMorgan Saul Martinez - HSBC Moshe Orenbuch - TD Cowen Sanj ...

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 ...

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 ...

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 ...