Investors with an interest in Financial - Miscellaneous Services stocks have likely encountered both American Express (AXP) and Moody's (MCO). But which of these two stocks presents investors with the better value opportunity right now?
Here is how American Express (AXP) and Ageas SA (AGESY) have performed compared to their sector so far this year.
AXP's third-quarter earnings benefit from improving net interest income, fee income, and card member spending. Rising expenses partially offset the positives.
For American Express, as has been a longstanding trend, it's the younger consumers, cards in hand, who are boosting results. And, as Amex management noted on a Friday (Oct. 18) conference call with analysts, dining out is a prime example of where millennial and Gen Z consumers choose to wield those cards in full force.
American Express Company (NYSE:AXP ) Q3 2024 Earnings Conference Call October 18, 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 Sanjay Sakhrani - KBW Ryan Nash - Goldman Sachs Craig Maurer - FT Partners Richard Shane - JPMorgan Erika Najarian - UBS Donald Fandetti - Wells Fargo Jeffrey Adelson - Morgan Stanley Cristopher Kennedy - William Blair Saul Martinez - HSBC Terry Ma - Barclays Mark DeVries - Deutsche Bank Mihir Bhatia - Bank of America Operator Ladies and gentlemen, thank you for standing by. Welcome to the American Express Q3 2024 Earnings Call.
Although the revenue and EPS for American Express (AXP) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
CVS Health (CVS) announced a change at the top, named a new CEO and released updated 3Q guidance. Friday's early earnings movers all started the day in the red, with Procter & Gamble (PG) and American Express (AXP) each reporting mixed numbers.
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.
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.
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American Express, Kraft Heinz, and Chevron are trading at attractive discounts.