American Express (AXP) Tops Q3 EPS by 6c, FY EPS Guidance Misses Consensus

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/3/2026

1. AAPL
2. PLTR
3. VRTX
4. CHKP
5. CRWD
6. ON
7. HNGE
8. INSP
9. SPY
10. MRVL

Go back to American Express (AXP) Tops Q3 EPS by 6c, FY EPS Guidance Misses Consensus

American Express Sinks Despite Strong Q3 as Provision Build Worries Some

October 21, 2022 11:56 AM EDT

Shares of American Express (NYSE: AXP) fell more than 6% Friday despite strong third-quarter results and outlook as investors were spooked by a reserve build and higher expenses in the quarter. Some analysts also pointed to slowing network volumes.

The credit card provider posted net income of $1.9 billion, or $2.47 per share, compared with net income of $1.8 billion, or $2.27 per share, a year ago and the consensus of $2.41.

On the top line, American Express revenue grew 24% in the quarter to $13.6 billion, versus... More