American Express Shares Surge 10% Following Q4 Report
<p><a href='https://financialmodelingprep.com/financial-summary/AXP'>American Express (NYSE:AXP)</a> shares gained more than 10% on Friday after the company reported its Q4 results and provided strong 2023 guidance. Q4 EPS came in at $2.07, worse than the Street estimate of $2.23. Revenue was $14.2 billion, compared to the Street estimate of $14.22 billion.</p>
<p>Revenue trends continued to reflect stronger year-over-year improvement with some moderation in growth as the pandemic recovery theme winds down. Meanwhile, expenses were higher but manageable. The company continued to build reserves through a higher provision. The credit normalization pace was controlled again.</p>
<p>The company provided its fiscal 2023 outlook, expecting EPS to be in the range of $11.00-$11.40, better than the Street estimate of $10.43.</p>

NYSE:AXP