Powell's speech, Treasury yields, SPR refill - what's moving markets

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Go back to Powell's speech, Treasury yields, SPR refill - what's moving markets

American Express (AXP) shares fall despite topping Q3 expectations

October 20, 2023 11:31 AM EDT

American Express (NYSE: AXP) shares fell more than 4% Friday after the company reported earnings for its latest quarter.

The bank posted earnings of $3.30 per share, $0.34 better than the analyst estimate of $2.96, while revenue for the quarter came in at $15.38 billion versus the consensus estimate of $15.37 billion.

We reported another quarter of record revenues and earnings per share, which increased... More