AmEx Q3 Earnings Beat Estimates on Consumer Spending Growth

American Express Company (AXP) reported third-quarter 2024 earnings per share (EPS) of $3.49, which beat the Zacks Consensus Estimate by 6.7%. The bottom line climbed 6% year over year.Total revenues net of interest expense amounted to $16.6 billion, which marginally missed the Zacks Consensus Estimate. However, the top line improved 8.2% year over year in the quarter under review.The strong third-quarter 2024 earnings benefited from rising net interest income, growth in the customer base of Millennials and ...