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 ...

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 ...