American Express Reports EPS Miss But Revenues Beat Expectations 
<p><a href='https://financialmodelingprep.com/financial-summary/AXP'>American Express (NYSE:AXP)</a> reported its Q1 results, with EPS coming in at $2.40, worse than the Street estimate of $2.66. Revenue of $14.3 billion, however, beat the Street estimate of $13.98 billion.</p>
<p>Fee revenues fell 1.1% sequentially and increased 18.5% year-over-year to $11.3 billion, while net interest income rose 8.0% sequentially and 35.7% year-over-year to $3.0 billion. Discount revenues declined 2.9% sequentially and increased 16.3% year-over-year to $7.9 billion.</p>
<p>The analysts at RBC Capital believe the 2023 outlook remains favorable and the company remains well-positioned to drive strong sustained revenue growth over the long term.</p>

NYSE:AXP