American Express-AmEx (AXP) Beats Q1 Earnings Estimates, Reaffirms 2024 View

American Express Company (AXP) reported first-quarter 2024 earnings per share (EPS) of $3.33, which beat the Zacks Consensus Estimate by 12.1%. The bottom line climbed 38.8% year over year.Total revenues net of interest expense amounted to$ 15.8 billion, which beat the Zacks Consensus Estimate by 0.3%. The top line improved 10.6% year over year in the quarter under review.The strong-quarterly results benefited from improved net interest income and growth in the customer base of Millennials and Gen-Z, drivin ...