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AXP Earnings: American Express Q4 2023 profit rises on higher revenues

Credit card company American Express (NYSE: AXP) Friday reported higher revenues and net income for the fourth quarter of 2023. The numbers, however, missed Wall Street’s projections.

American Express Q4 2023 earnings infographic

Total revenues, net of interest expense, increased 11% year-over-year to $15.8 billion in the December quarter. The increase was primarily driven by higher net interest income and increased Card Member spending.

Benefitting from the strong revenue growth, net income advanced to $1.93 billion or $2.62 per share in Q4 from $1.57 billion or $2.07 per share in the corresponding period of 2022. The latest earnings and revenue numbers missed estimates.

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  • Chevron-Q4-2022-Earnings-Infographic

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