American Express Co. (AXP)
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Post AmEx (AXP) Q2 Earnings: Buy, Hold or Sell the Stock?
AmEx (AXP) continues to benefit from a loyal customer base. It is well-positioned to capture a higher market share and increase card acquisitions with higher marketing expenses.
AmEx (AXP) Beats on Q2 Earnings Estimates, Ups '24 EPS View
AmEx (AXP) continues to anticipate revenues to increase between 9% and 11% in 2024 from the 2023 level of $60.5 billion.
American Express Company (AXP) Q2 2024 Earnings Call Transcript
American Express Company (NYSE:AXP ) Q2 2024 Earnings Conference Call July 19, 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 Ryan Nash - Goldman Sachs Donald Fandetti - Wells Fargo Sanjay Sakhrani - KBW Craig Maurer - FT Partners Richard Shane - JPMorgan Jeffrey Adelson - Morgan Stanley Mark DeVries - Deutsche Bank Cristopher Kennedy - William Blair Terry Ma - Barclays Saul Martinez - HSBC Moshe Orenbuch - TD Cowen Mihir Bhatia - Bank of America Operator Ladies and gentlemen, thank you for standing by. Welcome to the American Express Q2 2024 Earnings Call.
Amex Earnings: Gen Z, Millennials Drive Credit Card Volume Growth
American Express earnings released on Friday (July 19) show that consumers continue to spend on experiences — particularly on dining out, and that momentum belongs to the younger generations who are using their cards more often. Spending by millennial and Gen Z customers was up 13% year over year, management said.
American Express (AXP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for American Express (AXP) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
American Express (AXP) Q2 Earnings Top Estimates
American Express (AXP) came out with quarterly earnings of $3.49 per share, beating the Zacks Consensus Estimate of $3.22 per share. This compares to earnings of $2.89 per share a year ago.
Amex's revenue from card fees topped $2 billion for the first time last quarter
American Express Co. said it topped $2 billion in quarterly revenue from card fees for the first time in the second quarter, as it booked its 24th quarter in a row of of double-digit growth from such fees.
AmEx's quarterly profit beats estimates on robust spending
American Express beat estimates for second-quarter profit as its wealthy customers persisted in splurging on travel, dining and entertainment, the credit card giant said on Friday.
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