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American Express: raises annual EPS guidance

(CercleFinance.com) - On its Q3 earnings call, American Express once again raised its FY 2024 EPS target range to between $13.
75 and $14.05 (from $13.30 and $13.80), for revenue growth expected to be around 9%.

The payment solutions group posted Q3 EPS that rose 6% to $3.49, on revenues net of interest expense that are up 8% to over $16.6bn, a record for the 10th consecutive quarter.

We continue to attract a large number of new premium card members, with 3.3 million new cards acquired, while maintaining high retention rates, excellent credit performance and disciplined expenses, it says.


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