(AOF) – Credit card issuer American Express is expected to rise thanks to better-than-expected annual targets. In the fourth quarter, the company reported net income up 23% to $1.93 billion, or $2.62 per share. Earnings per share came in below consensus at $2.64. Its revenues increased by 11% to $15.8 billion. American Express recorded provisions for loan losses up 40% to $1.437 billion.
This year, the company still expects earnings per share of between $12.65 and $13.15, compared to a consensus of $12.41. Revenues are expected to increase by 9% to 11%.
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