In addition to an earnings beat, American Express disclosed a 17% increase to its quarterly dividend. Here's what that means for the Dow Jones stock.
Boeing (NYSE: BA) stock fell 1.2% after the aircraft manufacturer said it will post a bigger-than-anticipated loss of around $4 billion in its most recent quarter, as it grappled with a prolonged strike, charges related to US government projects and expenses linked to a slew of job cuts.
The payment includes two separate settlements: one over misleading sales tactics for credit cards, and another concerning its wire services.
American Express benefited during the holidays as consumers turned to the company's credit cards to fund their purchases. Executives expect those spending habits to continue in 2025. The credit-card company forecast revenue growth between 8% and 10% as well as earnings per-share in the range of $15 and $15.50 for the year.
The S&P 500 hit a high. Tesla launched the new Model Y in the U.S. and Europe. AI stocks like Nvidia are testing key levels.
U.S. stocks are hanging near a record as they head for the close of a second straight winning week. The S&P 500 was flat in early trading Friday, a day after setting an all-time high.
Tonto Dikeh has called out some Yoruba people who cannot speak English online when engaging in conversations. She said it is difficult for her to understand.
The pickup was especially fueled by millennials and Gen Z users, who spent more on experiences like travel and entertainment.
American Express shares moved lower in premarket trading Friday after the financial services firm reported fiscal 2024 fourth-quarter results mostly in line with analysts' expectations.
Q4 total network volume of $464.0B, vs. the Visible Alpha consensus of $458.2B, vs. $434.4B in the year-ago quarter. Network volume grew 7% Y/Y, accelerating from 5% Y/Y growth in Q3. Total billed business increased 8% Y/Y to $408.4B, compared with 6% growth in Q3.
American Express Co. (AXP), a bank holding company, on Friday reported an increase in net profit for the fourth quarter. The company
American Express Co's Q4 revenue grew 9%, supported by strong spending and higher interest income. EPS matched estimates. Dividend raised by 17%.