American Express (AXP) Returned +17.1% in Q3

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American Express (AXP) Returned +17.1% in Q3

//stocks-investing.news-articles.net/content/202 .. 04/american-express-axp-returned-17-1-in-q3.html

Published in Stocks and Investing on Wednesday, December 4th 2024 at 14:10 GMT by Thomas Matters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

GreensKeeper Asset Management, an investment management company, released its third quarter investor letter. A copy of the letter can be downloaded here. The Value Fund appreciated +4.7% (net) in the third quarter,

The article from MSN Money discusses American Express's (AXP) financial performance in the third quarter, highlighting a 17.1% return. It details how the company managed to exceed expectations with an EPS of $3.30, surpassing the consensus estimate of $2.95. Revenue also saw a significant increase, reaching $15.38 billion against the expected $15.36 billion. The growth was attributed to higher net interest income and increased card member spending. Additionally, the article notes that American Express has raised its full-year revenue growth forecast to 14% from 11%, reflecting confidence in continued consumer spending despite economic uncertainties. The piece also touches on the company's strategic moves, including investments in technology and marketing to enhance customer engagement and loyalty.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/american-express-axp-returned-17-1-in-q3/ar-AA1vgDjI ]

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