Categories AlphaGraphs, Earnings, Finance

American Express reports mixed results in Q1

American Express (NYSE: AXP) reported first-quarter 2021 financial results before the regular market hours on Friday. The payment services firm reported Q1 revenue of $9.06 billion, down 12% year-over-year and slightly below the Wall Street projection. Meanwhile, net income of $2.74 per share was well above the target that analysts had anticipated.

AXP shares fell 0.7% immediately following the announcement. The stock has gained 72% in the trailing 12 months.

American Express Q1 2021 earnings.

Looking forward to listening to management / analyst comments on the results? Stay tuned here for American Express Q1 earnings call transcript

“Our investments to scale next horizon opportunities are well underway. We began the rollout of the Kabbage digital platform to our small business customers, and through our joint venture in China, we have now added more than 14 million merchants to our network,” CEO Stephen J. Squeri said in a statement.

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