The Wall Street Journal had reported on a series of deceptive and strong-arm tactics the card company used to increase small business sign-ups.
In addition to an earnings beat, American Express disclosed a 17% increase to its quarterly dividend. Here's what that means for the Dow Jones stock.
Wall Street pointed slightly lower in early trading Friday but remains on track to close the week with solid gains with major corporations turning in largely healthy earnings reports. Futures for the S&P 500 ticked down 0.
The payment includes two separate settlements: one over misleading sales tactics for credit cards, and another concerning its wire services.
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The credit card lender and network introduced guidance for 2025 EPS of $15.00-$15.50 (midpoint $15.25), compared with the consensus estimate of $15.22 and $13.35 reported in 2024 (excluding notable items). It expects 2025 revenue growth of 8%-10% from 2024's $65.9B, implying $71.2B-$72.5B ($71.6B consensus).
American Express on Friday beat Wall Street revenue expectations, as more consumers swiped its cards during the holiday season for travel and online shopping. A strong holiday season against the backdrop of a falling rate environment helped AmEx sustain spending volumes.
Week’s roundup of quarterly reports includes American Airlines, the city’s second-biggest carrier, and Union Pacific, the biggest of the major rail operators.
ET, the Dow Jones Industrial Average fell 0.12 per cent, the S&P 500 gained 0.01 per cent, the Nasdaq Composite lost 0.03 per cent
American Express shares fell 1.4% Friday after the company reported earnings and gave an outlook that disappointed some investors. The credit card company logged net income of $2.17 billion, or $3.04 a share,
For a steep price, the original premium card gives you 5X points on certain flights and hotel stays, hundreds of dollars a year in credit for travel and shopping, and a suite of perks for high-end ...