Why American Express Stock Is Falling Today
American Express (NYSE: AXP) posted fourth-quarter earnings that beat expectations, but the credit card company's guidance was a bit underwhelming.
Investors were disappointed, sending Amex shares down 3% as of 10:15 a.m. ET.
American Express earned $3.04 per share in the quarter, a penny ahead of expectations, on revenue that matched Wall Street's consensus estimate of $17.18 billion. For the year the company earned $14.01 per share, an increase of 25% from 2023.
Source Fool.com
