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American Express (AXP) Q4 Earnings Beat on Higher Revenues
American Express Co. AXP reported fourth-quarter 2019 earnings of $2.03 per share, which surpassed the Zacks Consensus Estimate by 1.5% and were up 16.7% year over year.
Total revenues of $11.4 billion came in line with the Zacks Consensus Estimate and were up 9% year over year. This is the 10th straight quarter in which the company posted foreign exchange adjusted revenue growth of at least 8%. Increase in earnings was driven by a well-balanced mix of growth in fee, spend and lend revenues.
Total expenses of $8.4 billion increased 9% year over year, due to growth in rewards and other customer engagement costs driven by increased Card Member spending, and higher usage of card benefits and operating expenses.
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https://finance.yahoo.com/news/american-...07700.html
![[Bild: AXPc1dl0552.png]](https://finviz.com/publish/012720/AXPc1dl0552.png)
American Express Co. AXP reported fourth-quarter 2019 earnings of $2.03 per share, which surpassed the Zacks Consensus Estimate by 1.5% and were up 16.7% year over year.
Total revenues of $11.4 billion came in line with the Zacks Consensus Estimate and were up 9% year over year. This is the 10th straight quarter in which the company posted foreign exchange adjusted revenue growth of at least 8%. Increase in earnings was driven by a well-balanced mix of growth in fee, spend and lend revenues.
Total expenses of $8.4 billion increased 9% year over year, due to growth in rewards and other customer engagement costs driven by increased Card Member spending, and higher usage of card benefits and operating expenses.
...
https://finance.yahoo.com/news/american-...07700.html
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