American Express Company (AXP)
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.
3 Fantastic Fintech Stocks to Add to Your July Must-Buy List
The fintech industry has shown its resilience even in tough times. Despite an uncertain economy, a high inflationary environment and a long period of low consumer spending, financial companies have stood strong.
Australian court fines AmEx $5.3 mln over breach of credit card rules
The Federal Court of Australia fined a local unit of American Express (AmEx) A$8 million ($5.36 million) for breaching design and distribution rules for two of its co-branded credit cards, the Australian corporate regulator said on Friday.
AmEx (AXP) Stock: Hold Tight Before the Q2 Earnings Wave
American Express' (AXP) second-quarter earnings are likely to have benefited from higher network volumes, total cards-in-force and interest income.
3 Fintech Stocks Riding the AI Wave Higher
The fintech stocks had their heyday back in 2020-21 when it was thought they'd pose a serious threat to the market share of traditional financial institutions (think the banks). When the pandemic lockdowns happened and online shopping went into overdrive in what was a “roaring start” to the 2020s, it seemed like the market's fintech darlings could only go higher.
3 Blue-Chip Stocks to Buy Now: Q3 Edition
Blue-chip stocks are household names that are likely to deliver long-term gains for patient investors. Furthermore, these corporations are less risky and aren't as prone to going out of business.
The 3 Most Undervalued Stocks With Strong Fundamentals to Buy in July 2024
Fundamental analysis focuses on a company's finances, catalysts, valuation, and other components that impact a stock's long-term performance. It doesn't consider technical indicators like 50-day moving averages and oscillators.
American Express (AXP) Earnings Expected to Grow: Should You Buy?
American Express (AXP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
