American Express: Q4 Earnings Snapshot
By AP News
Published - Jan 26, 2024, 07:15 AM ET
Last Updated - Jan 26, 2024, 07:15 AM EST
NEW YORK (AP) — NEW YORK (AP) — American Express Co. (AXP) on Friday reported fourth-quarter net income of $1.93 billion.
The New York-based company said it had profit of $2.62 per share.
The results did not meet Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $2.65 per share.
The credit card issuer and global payments company posted revenue of $15.8 billion in the period, which also missed Street forecasts. Fifteen analysts surveyed by Zacks expected $16.03 billion.
