American Express Reports First-Quarter Revenue of $9.1 Billion and Earnings Per Share of $2.74
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American Express (AXP) Tops Q1 EPS by $1.13, Revenues Miss
April 23, 2021 7:01 AM EDT(Updated - April 23, 2021 7:04 AM EDT)
American Express (NYSE: AXP) reported Q1 EPS of $2.74, $1.13 better than the analyst estimate of $1.61. Revenue for the quarter came in at $9.06 billion versus the consensus estimate of $9.17 billion.
First-quarter net income of $2.2 billion, or $2.74 per share, compared with net income of $367 million, or $0.41 per share, a year ago.The results reflected the impact of $1.05 billion ($802 million after tax) in credit reserve releases2, primarily driven by continued improvements in the macroeconomic outlook and strong credit performance.First-quarter consolidated total revenues net of interest expense... More