American Express: 39% increase in Q1 EPS

(CercleFinance.com) - American Express reports Q1 2024 EPS that is up 39% at $3.
33, on revenues that rose 11% to $15.8bn, which it says reflect the positive trends seen in its business over the past few years.

The payment solutions group notes that total cardholder spending rose 7% excluding currency effects, including increases of 8% in the US and 13% internationally, excluding currency effects.

Also pointing to a sequential acceleration in new card acquisitions to 3.4 million in Q1, American Express still targets EPS of $12.65 to $13.15 and revenue growth of 9% to 11% for FY 2024.


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