American Express CEO: Analysts got it wrong, we had a 'good' quarter
CEO Stephen Squeri is defending his quarter after the card giant's bottom line fell short of analyst estimates. "So the $2.40 is a good number — the $2.40…
Source: biztoc.com
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AmEx profit takes a hit from reserve buildup as slowdown worries rise
American Express Co's first-quarter profit missed Wall Street estimates as the credit card giant set aside more money to cover potential losses stemming from cardholders falling behind on debt repayments.
Source: reuters.com
American Express 1Q Revenue Rises as Americans Keep Spending
By Will Feuer American Express Co. posted a 22% jump in revenue for the first three months of the year as Americans kept spending, particularly on travel, entertainment and restaurants. ... | April 20, 2023
Source: marketscreener.com
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American Express' quarterly profit misses estimates as default worries prompt reserve buildup
Shares fell nearly 1% in premarket trading as American Express raised its provisions to $1.1-billion in the quarter compared with a benefit of $33-million a year ago
Source: theglobeandmail.com
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