AXP - American Express Stock Trades Higher: Strong FY24 Outlook Dividend Hike Drive Investor Action | Benzinga
American Express Co (NYSE:AXP) fiscal fourth-quarter revenue 2023 (net of interest expense) grew 11% year-on-year to $15.8 billion, missing the consensus of $16.0 billion.
EPS of $2.62 missed the consensus of $2.64. The stock is trading higher premarket.
Card Member spending or Billed Business grew 6% Y/Y to $379.8 million.
U.S. Consumer Services revenue was $7.4 billion, up 13% Y/Y. Commercial Services revenue was $3.8 billion, up 7% Y/Y.
International Card Services revenue was $2.7 billion, up 12% Y/Y, and Global Merchant and Network Services ...