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.
AXP is expected to have benefited from strong loan growth and network volumes. However, rising expenses might have acted as a partial offset.
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Get a deeper insight into the potential performance of American Express (AXP) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Earnings season has arrived, with last week's results from the big banks kicking the period into a much higher gear. This week, several notable companies are on the reporting docket, including Netflix, TSM, and American Express.
American Express (AXP) reachead $276.52 at the closing of the latest trading day, reflecting a +0.13% change compared to its last close.
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