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Erika Najarian, UBS large cap banks and consumer finance analyst, joins 'Squawk Box' to discuss American Express' quarterly earnings results, strength of consumer spending, and more.
American Express (AXP) came out with quarterly earnings of $3.49 per share, beating the Zacks Consensus Estimate of $3.27 per share. This compares to earnings of $3.30 per share a year ago.
American Express Company (NYSE:AXP, ETR:AEC1) shares fell pre-market after its third quarter revenue narrowly missed estimates, overshadowing a profit beat and raised full-year earnings guidance. Revenue was a record $16.64 billion, up 8% from the year-ago quarter, but short of the $16.67 billion expected by Wall Street.
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 90 points on Friday.
American Express and Procter & Gamble beat earnings views but missed on sales.
American Express (AXP) reported better net income than expected and lifted its full-year profit outlook in its third-quarter results Friday morning, following a string of strong reports from several of the country's biggest banks.
The company says new member benefits are resonating with younger generations.
American Express reported third-quarter profit above Wall Street estimates on Friday, as higher spending on its cards offset a hit from bigger provisions for credit losses.
NEW YORK--(BUSINESS WIRE)--American Express Company (NYSE: AXP) today reported third-quarter net income of $2.51 billion, or $3.49 per share, compared with net income of $2.45 billion, or $3.30 per share, a year ago. (Millions, except per share amounts, and where indicated) Quarters Ended September 30, Percentage Inc/(Dec) Nine Months Ended September 30, Percentage Inc/(Dec) 2024 2023 2024 2023 Billed Business (Billions) $387.3 $366.2 6% $1,142.5 $1,079.8 6% FX-adjusted1 $366.4 6% $.
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