American Express (AXP) came out with quarterly earnings of $3.49 per share, beating the Zacks Consensus Estimate of $3.27 per share. This compares to earnings of $3.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.73%. A quarter ago, it was expected that this credit card issuer and global payments company would post earnings of $3.22 per share when it actually produced earnings of $3.49, delivering a surprise of 8.39%.Over ...

| --- | --- | --- | |----------------------------|-------|-------| | | | | | American Express | | | | Earnings Conference Q3'24 | Call | | | | | | | OCTOBER 18, 2024 | | | Summary Financial Performance ($ in millions; except per share amounts) | --- | --- | --- | --- | --- | |----------------------------------------|---------|---------|-----------------|---------------------| | | Q3'24 | Q3'23 | YoY% Inc/(Dec) | YTD YoY% Inc/(Dec) | | Total Revenues Net of Interest Expense | $16,636 | $15,381 | 8% | 9% | | ...

EXHIBIT 99.2 American Express Company (Preliminary) Consolidated Statements of Income (Millions, except percentages and per share amounts) | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------|------------|-------|----------------|------------|------------------|--------------|--------------|----------------|--------------|-------|----------------|----------------| | Non-interest revenues | Q3'24 | | Q2'24 | Q1 ...

Zacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future. Whether you're interested in cutting-edge technology, renewable energy, or healthcare innovations, our themes help you invest in ideas that matter to you.For those interested in viewing the Thematic lists, please click here >>> Thematic Screens – Zacks Investment Research.Let’s take a closer look at the ‘Mobile Payments’ theme and analyze a few stocks that the screen returned, such as Discover Financial Services (DFS) ...

American Express, Kraft Heinz, and Chevron are trading at attractive discounts.Berkshire Hathaway's (BRK.A 0.84%) (BRK.B 0.65%) portfolio includes many top blue chip stocks -- solid investments that you can potentially hold for not only years, but decades. While CEO Warren Buffett doesn't handpick every stock in the portfolio, it's the most natural place to find the types of stocks that fit his investing style. And there are some potential deals in there right now. Three stocks in Berkshire's portfolio that ...

American Express Company (AXP) is set to report third-quarter 2024 results on Oct. 18, 2024, before the opening bell. The Zacks Consensus Estimate for third-quarter earnings is currently pegged at $3.27 per share, implying a decline of 0.9% from the year-ago reported number. However, the Zacks Consensus Estimate for third-quarter revenues is currently pegged at almost $16.7 billion, suggesting an 8.2% uptick from the year-ago actuals.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.T ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Wall Street analysts forecast that American Express (AXP) will report quarterly earnings of $3.27 per share in its upcoming release, pointing to a year-over-year decline of 0.9%. It is anticipated that revenues will amount to $16.65 billion, exhibiting an increase of 8.2% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial p ...

The 2024 Q3 earnings season has kicked into a much higher gear with the release of the big banks’ results last Friday. The period looks to be constructive, with earnings growth expected to be positive again despite recent downward revisions that have contrasted with recent periods.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Let’s take a closer look at a few key companies – Taiwan Semiconductor Manufacturing (TSM) , Netflix (NFLX) , and American Express (AXP) – that are on the re ...

Company Performance - American Express (AXP) stock closed at $276.52, with a slight increase of +0.13% from the previous day, underperforming the S&P 500's gain of 0.77% [1] - The stock has appreciated by 6.63% over the past month, contrasting with a 2.93% decline in the Finance sector and a 4.87% increase in the S&P 500 [1] - The upcoming earnings report is scheduled for October 18, 2024, with an expected EPS of $3.27, reflecting a 0.91% decrease year-over-year, while revenue is projected at $16.65 billion, an increase of 8.24% from the previous year [1] Earnings Estimates - For the full year, the Zacks Consensus Estimates predict earnings of $13.14 per share and revenue of $65.98 billion, representing increases of +17.22% and +9.03% respectively compared to the prior year [2] - Recent adjustments to analyst estimates indicate a favorable outlook on the company's business health and profitability, with the Zacks Consensus EPS estimate rising by 0.11% in the past month [2][3] Valuation Metrics - American Express has a Forward P/E ratio of 21.02, which is a premium compared to the industry average Forward P/E of 12.26 [3] - The company has a PEG ratio of 1.53, higher than the industry average PEG ratio of 1.15, indicating a consideration of expected earnings growth [3] Industry Context - The Financial - Miscellaneous Services industry, part of the Finance sector, currently holds a Zacks Industry Rank of 155, placing it in the bottom 39% of over 250 industries [4] - The Zacks Industry Rank assesses the performance of industry groups, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]