American Express Reports Q4 Results Mostly in Line With Estimates | Global News Avenue

American Express (AXP) On Friday, after the financial service company reported the performance of the fourth quarter of fiscal year in fiscal year, the stocks of stocks fell lowly last Friday.

this credit card The quarterly net income of the Giant Report is $ 2.17 One billion US dollars, $ 3.04 per share, income is $ 17.18 One billion. Analysts of Alpha voting expectations expected that their revenue was 17.17 billion US dollars and expected profits were US $ 2.17 billion, that is, $ 3.05 per share.

American Express also released a net interest income of $ 4.04 One billion US dollars, lower than the analyst’s expected $ 4.09 billion.

CEO said that the American Express saw “more powerful expenditure” during the holidays

“We … we … see the record level of the annual card membership expenditure, the record of the record of the annual card membership, and the record of the new card for the record of the record of the record of the record. The company’s location “” During the holidays, “our consumers and commercial customers have a greater spending.”

American Express Project 2025 income increased by 8 % to 10 %, Earnings per share (EPS) $ 15.00 to $ 15.50, while analysts are expected to increase by 8.2 %, and earnings per share are $ 15.26. The company also stated that it is expected to increase its quarterly dividend to 82 cents per share, higher than 70 cents per share.

Friday report follows Strong bank income This has made the largest financial company released a large number of fourth quarter revenue and profits, which is due to the revival of Wall Street transactions.

Shortly after the report was released, US Express’s stock price fell 2.5 % to $ 318. They set a record close price of $ 325.87 on Thursday, up about 75 % in the past 12 months.