American Express Boosts Forecasts as Credit Card Spending Sets Record
Yahoo! Finance
American Express shares edged higher Tuesday after fourth-quarter earnings surpassed estimates thanks to record credit card spending, and the company boosted forecasts for revenue and profits in 2022. The credit card giant was expected by analysts to report fourth-quarter earnings of $1.86 a share on revenue of $11.54 billion. A year earlier, American Express earned $1.76 a share on revenue of $9.4 billion.
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