American Express: 39% increase in quarterly EPS

( – American Express publishes EPS up 39% to $3.33 for the first quarter of 2024, for revenues up 11% to $15.8 billion, ‘reflecting its positive trends observed in its activities in recent years.

The payment solutions group specifies that total spending by its cardholders increased by 7% excluding currency effects, including increases of 8% in the United States and 13% internationally excluding currency effects.

Also pointing to a sequential acceleration in new card acquisitions to 3.4 million over the quarter, American Express continues to target EPS of $12.65 to $13.15 and revenue growth of 9 to 11% for the entire 2024.

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