American Express Reports Fourth-Quarter Revenue of $9.4 Billion and Earnings Per Share Of $1.76
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American Express (AXP) PT Lowered to $115 at Credit Suisse
January 27, 2021 7:55 AM ESTCredit Suisse analyst Moshe Orenbuch lowered the price target on American Express (NYSE: AXP) to $115.00 (from $120.00) while maintaining a Underperform rating following the company's 4Q earnings report. AXP reported 4Q20 EPS of $1.76, beating the consensus of $1.30. The beat was primarily driven by negative provision... More
American Express (AXP) Tops Q4 EPS by 47c
January 26, 2021 7:01 AM EST(Updated - January 26, 2021 7:12 AM EST)
American Express (NYSE: AXP) reported Q4 EPS of $1.76, $0.47 better than the analyst estimate of $1.29. Revenue for the quarter came in at $9.35 billion versus the consensus estimate of $9.35 billion.
While we are still seeing impacts of the COVID-19 pandemic on our business, trends continued to steadily improve in the fourth quarter, said Stephen J. Squeri, Chairman and Chief Executive Officer. Card Member spending has continued to recover, and non-travel and entertainment spend exceeded pre-COVID levels for the... More
