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 ...

公司业绩 - 美国运通公司将于2023年1月26日在开盘前公布第四季度业绩[1] - 第四季度每股收益预期为2.65美元，较去年同期的2.07美元增长28%[2] - 在过去四个季度中，美国运通公司两次超过了盈利共识预期，两次未达到，平均超出0.1%[3]

Wall Street analysts forecast that American Express (AXP) will report quarterly earnings of $2.65 per share in its upcoming release, pointing to a year-over-year increase of 28%. It is anticipated that revenues will amount to $16.03 billion, exhibiting an increase of 13.1% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 2.8% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their ini ...

公司背景 - 沃伦·巴菲特是投资灵感的来源，伯克希尔·哈撒韦持有美国运通公司约21%的股份[1] 公司运营模式 - 美国运通公司运营闭环支付系统，与Visa和Mastercard不同，公司既是信用卡发行方也是支付网络运营方[3] 全球品牌和网络效应 - 美国运通公司拥有强大的全球品牌和网络效应，吸引高收入人群持卡和商家接受其信用卡支付[8][9]