Last week, American Express Company (AXP) reported strong second-quarter 2024 earnings, driven by increased card member spending, fee growth, rising net interest income, and a growing Gen-Z and Millennial customer base. Moreover, AmEx increased its 2024 earnings guidance, reflecting resiliency in its core business prospects despite a softer spending growth environment.Top of FormBefore delving into the underlying reasons for the improved outlook and addressing the critical question of how investors should s ...

American Express Company (AXP) reported second-quarter 2024 earnings per share (EPS) of $3.49, which beat the Zacks Consensus Estimate by 8.4%. The bottom line climbed 20.8% year over year.Total revenues net of interest expense amounted to $16.3 billion, which missed the Zacks Consensus Estimate by 1.5%. However, the top line improved 8.5% year over year in the quarter under review.The better-than-expected second-quarter 2024 earnings benefited from rising net interest income and growth in the customer base ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ____ to ____ Commission file number 1-7657 AMERICAN EXPRESS COMPANY (Exact name of registrant as specified in its charter) New York 13-4922250 (State or ...

American Express Company (NYSE:AXP) Q2 2024 Earnings Conference Call July 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 Ryan Nash - Goldman Sachs Donald Fandetti - Wells Fargo Sanjay Sakhrani - KBW Craig Maurer - FT Partners Richard Shane - JPMorgan Jeffrey Adelson - Morgan Stanley Mark DeVries - Deutsche Bank Cristopher Kennedy - Will ...

American Express earnings released on Friday (July 19) show that consumers continue to spend on experiences — particularly on dining out, and that momentum belongs to the younger generations who are using their cards more often.Spending by millennial and Gen Z customers was up 13% year over year, management said.CFO Christophe Le Caillec said on the conference call with analysts that spending growth was visible across several categories, where spending on goods and services was 6% higher and there was 7% gr ...

For the quarter ended June 2024, American Express (AXP) reported revenue of $16.33 billion, up 8.5% over the same period last year. EPS came in at $3.49, compared to $2.89 in the year-ago quarter.The reported revenue represents a surprise of -1.45% over the Zacks Consensus Estimate of $16.57 billion. With the consensus EPS estimate being $3.22, the EPS surprise was +8.39%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

American Express (AXP) came out with quarterly earnings of $3.49 per share, beating the Zacks Consensus Estimate of $3.22 per share. This compares to earnings of $2.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.39%. A quarter ago, it was expected that this credit card issuer and global payments company would post earnings of $2.97 per share when it actually produced earnings of $3.33, delivering a surprise of 12.12%.Ove ...

EXHIBIT 99.2 American Express Company (Preliminary) Consolidated Statements of Income (Millions, except percentages and per share amounts) | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------|---------|-------|----------|---------|----------|------------|----------|---------|--------|-------|-----------|-------------| | | Q2'24 | | Q1'24 | Q4'23 | | | Q2'23 | %change | YTD'24 | | YTD'23 | YOY %change | | Non-interest revenues | | | | | | ...

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American Express Company (AXP) is set to report second-quarter 2024 results on Jul 19, 2024, before the opening bell. Growing network volumes, total cards-in-force and interest income are expected to have supported its performance.The Zacks Consensus Estimate for second-quarter earnings is currently pegged at $3.22 per share, implying solid growth of 11.4% from the year-ago reported number. The estimate was revised upward by two analysts in the past week against no movement in the opposite direction, result ...