American Express Profit Rises as Cardholder Spending Jumps

Dow Jones04-19

American Express reported an increase in first-quarter profit and revenue from a year ago on Friday as overall spending by AmEx cardmembers, who tend to be more affluent, rose.

The stock was rising 1.61% in premarket trading.

The New York-based credit card giant reported first-quarter net income of $2.4 billion, or $3.33 a share, up from year-ago net income of $1.8 billion or $2.40 a share. Revenue jumped to $15.8 billion from $14.3 billion in the first quarter of 2023.

Overall cardholder spending, a closely watched metric, rose 7% from a year prior on a foreign-exchange-adjusted basis.

Analysts surveyed by FactSet had expected AmEx to report first-quarter net income of $2.1 billion, amounting to earnings of $2.95 a share, from revenue of $15.8 billion.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Success88
04-19
Success88
Good meaning $Visa(V)$ & $MasterCard(MA)$ will be 🎉

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1173654507?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-19 19:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1173654507","market":"us","top_or_hot":-1,"title":"American Express Profit Rises as Cardholder Spending Jumps","media":"Dow Jones","content":"<html><head></head><body><p>American Express reported an increase in first-quarter profit and revenue from a year ago on Friday as overall spending by AmEx cardmembers, who tend to be more affluent, rose.</p><p style=\"text-align: start;\">The stock was rising 1.61% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6d7b931e25f9a3818637ac1847648394\" tg-width=\"766\" tg-height=\"619\"/></p><p>The New York-based credit card giant reported first-quarter net income of $2.4 billion, or $3.33 a share, up from year-ago net income of $1.8 billion or $2.40 a share. Revenue jumped to $15.8 billion from $14.3 billion in the first quarter of 2023.</p><p>Overall cardholder spending, a closely watched metric, rose 7% from a year prior on a foreign-exchange-adjusted basis.</p><p>Analysts surveyed by FactSet had expected AmEx to report first-quarter net income of $2.1 billion, amounting to earnings of $2.95 a share, from revenue of $15.8 billion.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Express Profit Rises as Cardholder Spending Jumps</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Express Profit Rises as Cardholder Spending Jumps\n</h2>\n\n<h4 class=\"meta\">\n\n2024-04-19 19:05 北京时间&nbsp;&nbsp;&nbsp;<strong>Dow Jones</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>American Express reported an increase in first-quarter profit and revenue from a year ago on Friday as overall spending by AmEx cardmembers, who tend to be more affluent, rose.The stock was rising ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AXP","symbol_name":"美国运通","start_time":0,"source_url":"","article_id":"1173654507","we_media_id":"1012688067","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1173654507","pubTimestamp":1713524740,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"American Express reported an increase in first-quarter profit and revenue from a year ago on Friday as overall spending by AmEx cardmembers, who tend to be more affluent, rose.The stock was rising 1.61% in premarket trading.The New York-based credit card giant reported first-quarter net income of $2.4 billion, or $3.33 a share, up from year-ago net income of $1.8 billion or $2.40 a share. Revenue jumped to $15.8 billion from $14.3 billion in the first quarter of 2023.Overall cardholder spending,","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AXP":"美国运通"},"translate_title":"持卡人消费激增，美国运通利润上升","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AXP":1.1},"content_text":"American Express reported an increase in first-quarter profit and revenue from a year ago on Friday as overall spending by AmEx cardmembers, who tend to be more affluent, rose.The stock was rising 1.61% in premarket trading.The New York-based credit card giant reported first-quarter net income of $2.4 billion, or $3.33 a share, up from year-ago net income of $1.8 billion or $2.40 a share. Revenue jumped to $15.8 billion from $14.3 billion in the first quarter of 2023.Overall cardholder spending, a closely watched metric, rose 7% from a year prior on a foreign-exchange-adjusted basis.Analysts surveyed by FactSet had expected AmEx to report first-quarter net income of $2.1 billion, amounting to earnings of $2.95 a share, from revenue of $15.8 billion.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[{"id":296946652495960,"gmtCreate":1713525427186,"gmtModify":1713525431436,"author":{"id":"4101948424484190","authorId":"4101948424484190","name":"Success88","avatar":"https://static.itradeup.com/news/4408e1a22d73e99adb53aa65dde8ad91","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":0},"htmlText":"Good meaning <a href=\"https://ttm.financial/S/V\">$Visa(V)$</a> &amp; <a href=\"https://ttm.financial/S/MA\">$MasterCard(MA)$</a> &nbsp;will be 🎉","listText":"Good meaning <a href=\"https://ttm.financial/S/V\">$Visa(V)$</a> &amp; <a href=\"https://ttm.financial/S/MA\">$MasterCard(MA)$</a> &nbsp;will be 🎉","text":"Good meaning $Visa(V)$ & $MasterCard(MA)$ will be 🎉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/296946652495960","repostId":1173654507,"repostType":2,"repost":{"id":"1173654507","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1713524740,"share":"https://www.laohu8.com/m/news/1173654507?lang=&edition=full","pubTime":"2024-04-19 19:05","market":"us","language":"en","title":"American Express Profit Rises as Cardholder Spending Jumps","url":"https://stock-news.laohu8.com/highlight/detail?id=1173654507","media":"Dow Jones","summary":"American Express reported an increase in first-quarter profit and revenue from a year ago on Friday as overall spending by AmEx cardmembers, who tend to be more affluent, rose.The stock was rising 1.61% in premarket trading.The New York-based credit card giant reported first-quarter net income of $2.4 billion, or $3.33 a share, up from year-ago net income of $1.8 billion or $2.40 a share. Revenue jumped to $15.8 billion from $14.3 billion in the first quarter of 2023.Overall cardholder spending,","content":"<html><head></head><body><p>American Express reported an increase in first-quarter profit and revenue from a year ago on Friday as overall spending by AmEx cardmembers, who tend to be more affluent, rose.</p><p style=\"text-align: start;\">The stock was rising 1.61% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6d7b931e25f9a3818637ac1847648394\" tg-width=\"766\" tg-height=\"619\"/></p><p>The New York-based credit card giant reported first-quarter net income of $2.4 billion, or $3.33 a share, up from year-ago net income of $1.8 billion or $2.40 a share. Revenue jumped to $15.8 billion from $14.3 billion in the first quarter of 2023.</p><p>Overall cardholder spending, a closely watched metric, rose 7% from a year prior on a foreign-exchange-adjusted basis.</p><p>Analysts surveyed by FactSet had expected AmEx to report first-quarter net income of $2.1 billion, amounting to earnings of $2.95 a share, from revenue of $15.8 billion.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Express Profit Rises as Cardholder Spending Jumps</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Express Profit Rises as Cardholder Spending Jumps\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-04-19 19:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>American Express reported an increase in first-quarter profit and revenue from a year ago on Friday as overall spending by AmEx cardmembers, who tend to be more affluent, rose.</p><p style=\"text-align: start;\">The stock was rising 1.61% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6d7b931e25f9a3818637ac1847648394\" tg-width=\"766\" tg-height=\"619\"/></p><p>The New York-based credit card giant reported first-quarter net income of $2.4 billion, or $3.33 a share, up from year-ago net income of $1.8 billion or $2.40 a share. Revenue jumped to $15.8 billion from $14.3 billion in the first quarter of 2023.</p><p>Overall cardholder spending, a closely watched metric, rose 7% from a year prior on a foreign-exchange-adjusted basis.</p><p>Analysts surveyed by FactSet had expected AmEx to report first-quarter net income of $2.1 billion, amounting to earnings of $2.95 a share, from revenue of $15.8 billion.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AXP":"美国运通"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173654507","content_text":"American Express reported an increase in first-quarter profit and revenue from a year ago on Friday as overall spending by AmEx cardmembers, who tend to be more affluent, rose.The stock was rising 1.61% in premarket trading.The New York-based credit card giant reported first-quarter net income of $2.4 billion, or $3.33 a share, up from year-ago net income of $1.8 billion or $2.40 a share. Revenue jumped to $15.8 billion from $14.3 billion in the first quarter of 2023.Overall cardholder spending, a closely watched metric, rose 7% from a year prior on a foreign-exchange-adjusted basis.Analysts surveyed by FactSet had expected AmEx to report first-quarter net income of $2.1 billion, amounting to earnings of $2.95 a share, from revenue of $15.8 billion.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1173654507"}